Independence, trust, modernization: the Development Strategy of the Accounting Chamber until 2029 has been adopted

The Accounting Chamber has approved the Development Strategy for 2025-2029 - a roadmap for the transformation of the institution. The document, which was adopted at a meeting on March 19, defines key goals: ensuring audit confidence in difficult conditions, developing human potential, building trust, and modernizing infrastructure.

The document outlines the vision, mission and priorities of the institution for the next five years in the context of unprecedented challenges caused by the war, and taking into account the European integration course and the reconstruction of the country. It contains an assessment of the current situation and an analysis of the institution's achievements (in particular, based on the results of the implementation of the Development Strategy for 2019-2024),an analysis of strategic challenges, views and expectations of stakeholders, a list of risks that the body may face, and expected results of fulfilling the tasks set. The document was prepared taking into account the updated provisions of the Law of Ukraine  «On the Accounting Chamber», which came into force at the end of 2024 and the beginning of 2025.

Presenting the Development Strategy for 2025-2029 at a meeting of the Accounting Chamber, the Head of the Accounting Chamber, Olga Pishchanska, emphasized: the main goal of the Strategy is to ensure the effective, independent and professional activities of the Accounting Chamber as the highest state body of external financial control (audit).

«Now we have all the conditions necessary to implement the tasks set. By the end of the implementation of this Strategy, the Accounting Chamber will have to function as a supreme audit institution of international level. Our deadline for a full transition to international requirements and standards is Ukraine's accession to the European Union. The Strategy of the Accounting Chamber meets this task and other challenges facing our state.», – noted Olga Pishchanska.

Also, a member of the Accounting Chamber, the head of the Working Group for the development of the draft Strategy for the Development of the Accounting Chamber for 2025-2029, Kyrylo Klymenko, indicated that for the first time the Strategy provides for a comprehensive approach to institutional transformation with an emphasis on transparency, integrity and public trust.

«Our strategic goals are divided into ten components: protecting the independence and financial autonomy of the supreme audit institution, implementing the additional powers that the legislator granted to the Accounting Chamber last year, the stability of the institution and increasing the efficiency of management at all its levels, as well as developing human potential, interacting with stakeholders and managing infrastructure», – noted during the presentation of the document Kyrylo Klymenko.

The years covered by the Strategy are a period of serious challenges for the Ukrainian state. Among them are post-war reconstruction and harmonization of national legislation with EU law. Accordingly, the document outlines a vision of priority areas of state external financial control (audit) activities and defines the main approaches to institutional transformation and development of the Accounting Chamber in light of these challenges.

Among the key results that the Accounting Chamber plans to achieve as a result of the implementation of this Strategy:

– enshrining in the Constitution of Ukraine the institutional and financial independence of the Accounting Chamber;

–  confirmation during the external assessment of the progress in the issue of the institutional and financial independence of the Accounting Chamber and its members;  

–  legislative delimitation of the activities of the Accounting Chamber and other state control bodies;

– full compliance of the Accounting Chamber's processes and procedures with the requirements of the INTOSAI Professional Document System (IFPP);

– participation of the Accounting Chamber in most meetings of the working bodies and initiatives of INTOSAI and EUROSAI and in at least three international audits annually;

– IT audit of the Accounting Chamber processes, contributing to their improvement and security, automated processing and analysis of information obtained from databases and state registers;

– creation of an effective system for monitoring the implementation of recommendations, as well as assessing their impact on public finance management;

– increasing the level of awareness and trust in the Accounting Chamber, which the institution should assess annually, etc.

The Strategy also defines approaches to financing and monitoring its implementation. To ensure transparency, the annual publication of the results of the Strategy implementation is envisaged.  The developed matrix of the Accounting Chamber's strategic development will help to objectively assess the status of implementation of strategic tasks.

During the development of the Strategy, suggestions were also provided to the working group by members of the Accounting Chamber and experts of the project «Continuation of the Public Finance Management Support Program in Ukraine (EU4PFM)».

The full text of the Strategy can be found at the link:https://rp.gov.ua/Strategy/Strategy_2025-2029/?id=2453