The Accounting Chamber published the 2024 Report: new approaches, greater coverage of funds, assessment of real impact

30 April 2025

In 2024, the Accounting Chamber switched to international standards of work, which became one of the key factors that positively affected the efficiency and quality of the institution's work: audits covered almost five times more funds than in the previous year. This was noted by the Head of the Accounting Chamber, Olga Pishchanska, presenting the Report on the results of the institution's work in 2024 at the meeting.

«We covered almost UAH 3.7 trillion of public funds under control, a significant part of which is direct budget support funds from international partners. The Report contains separate sections dedicated to audits related to the use of international assistance, in particular, the implementation of the Ukraine Facility plan. Also, the statistical data provided in the Report on the results of work over the past 5 years allow us to identify certain trends and draw conclusions. In particular, it is worth noting the significant increase in the volume of audited funds, which was made possible by the application of new audit methodologies based on international standards. This is the goal of any supreme audit institution: to focus not on the number of measures and the number of reports, but to strive to control as large a percentage of the state budget as possible. We succeeded in this in 2024»,– emphasized the Head of the Accounting Chamber.

HARMONYZATION WITH INTERNATIONAL STANDARDS

In 2024, 90% of audits conducted were carried out in accordance with the International Standards of Supreme Audit Institutions ISSAI. The comprehensive implementation of the quality management system was also continued and for the first time a cold review of the quality of completed audits was conducted, an assessment of the quality management system and an analysis of its individual elements were carried out. Based on the conclusions of the Advisory and Scientific Council, a decision was made to apply the translation of INTOSAI international standards and guidelines into the state language in the activities of the Accounting Chamber. In addition, in 2024, competency models for state auditors were developed, as provided for in ISSAI 150 “Auditor Competence”.

AUDITED FUNDS AND DEFECTS INITIATED

In 2024, the Accounting Chamber audited 304 objects and approved 54 reports based on the results of audits. At the same time, the volume of audited funds reached almost 3.7 trillion UAH and exceeded last year's figures by five times.

The total amount of violations and deficiencies identified by the auditors of the Accounting Chamber during the management of public finances amounted to almost 217.5 billion UAH. Of these:

– inefficient management of budget funds and property, their inefficient use — 205.5 billion UAH;

– violations of budget and other legislation — 8.7 billion UAH;

– violations and shortcomings in the administration of the revenue part of the state budget — 3.3 billion hryvnias.

At the same time, the Accounting Chamber found the largest number of violations in such areas as state security and defense and civil protection (184.4 billion UAH),the functioning of the economy (23.5 billion UAH),the exercise of powers by state bodies (3.8 billion UAH),and the use of natural resources and environmental protection (2.7 billion UAH).

FUNDING TO PERFORMANCE RATIO

In 2024, the Accounting Chamber, while conducting its activities, adhered to the principles of economy and efficient management. According to the achieved results, for every 1 hryvnia spent on financing the activities of the Accounting Chamber, 7.1 thousand UAH of audited funds and 435.5 UAH of identified violations and deficiencies accounted for.

Also, on average, one auditor in 2024 audited 11.1 billion UAH and identified violations and deficiencies in the amount of 677.6 million UAH.

IMPLEMENTATION OF RECOMMENDATIONS

Thanks to the implementation of the recommendations provided by the Accounting Chamber, violations worth over 4.6 billion hryvnias were eliminated. This is almost nine times the annual budget of the institution itself.

During the year, the Accounting Chamber provided 574 recommendations based on the results of audits. Of these, 244 were implemented by the audited entities in 2024, another 231 are in the process of implementation.

The proposals of the Accounting Chamber were taken into account by the Verkhovna Rada of Ukraine when adopting five laws, and by the Cabinet of Ministers of Ukraine – 26 resolutions and 12 orders aimed at improving state financial and budgetary policy, processes of activities of control objects, regulatory and legal regulation, financial and economic issues, improving the quality of life of the population, etc.

COOPERATION WITH LAW ENFORCEMENT AUTHORITIES

Following the results of three control measures conducted in 2024, law enforcement agencies initiated three pre-trial investigations in criminal proceedings. For two more control measures, reports were attached to criminal proceedings. Regarding one control measure, information was provided about criminal proceedings that had already been opened without procedural decisions. The materials of two control measures were sent to the Prosecutor General's Office for information and are under consideration.

INSTITUTIONAL DEVELOPMENT, TRANSPARENCY AND INTERNATIONAL COOPERATION

In 2024, the Accounting Chamber worked to strengthen its own institutional capacity and implement modern approaches to state audit. One of the priorities was the modernization of the IT infrastructure: the uninterrupted operation of internal systems was ensured, key digital services were updated, which made it possible to increase the efficiency of audit activities despite the impact of martial law.

Particular attention was paid to improving the professionalism of employees. During the year, more than 85% of auditors underwent professional training, including trainings, internships and programs organized in cooperation with international partners.

The Accounting Chamber significantly intensified international cooperation. In 2024, the institution was an active participant in the working groups and bodies of INTOSAI and EUROSAI, and deepened its partnership with the supreme audit institutions of the EU countries. Cooperation with international technical assistance projects continued, which contributed to the implementation of best audit practices, strengthening the methodological base and developing transparency.

The principle of openness remained an integral part of the Accounting Chamber's communication with society, authorities and partners. In 2024, the Accounting Chamber updated its approaches in this area, expanding its presence on social networks, increasing the number of publications on its work and updating the format of reporting.

«When preparing this report, we set a goal to provide society and partners with the clearest and most comprehensive data on our work. For example, now we do not simply provide generalized figures on the types of violations, but attach to them a list of control measures during which these violations were detected. In our opinion, this approach to presenting information will allow us to better understand our activities and assess the results of our work,”», - noted Olga Pishchanska.

Separately Olga Pishchanska drew the attention of those present to the new sections in the 2024 Report, which relate to the implementation of the quality management system and internal governance, noting that in the future the Accounting Chamber aims to increase the number of analytical conclusions in its annual reports.