The Accounting Chamber and the OECD discussed approaches to audits in the process of Ukraine's recovery and the development of public investments

The coverage of public investment projects in the infrastructure sector by external audit and mechanisms for ensuring the implementation of audit recommendations were discussed on July 30 during a meeting of the auditors of the Accounting Chamber with the management of the Ukrainian office of the Organization for Economic Cooperation and Development (OECD) and representatives of the organization's central office.

The meeting was attended by: Head of the OECD Office in Ukraine Michal Falenchyk, Strategic Advisor to the OECD Office in Ukraine Kateryna Penkova, Analyst of the OECD Directorate of Public Administration Anna Bilous. From the Accounting Chamber: Acting Secretary of the institution Vasyl Nevidomyy, as well as state auditors Olena Larionova, Alina Myhalska, Andriy Maydebura, Natalia Savuliy and other specialists.

The OECD systematically assists the Government of Ukraine in implementing structural reforms. The organization is currently preparing an Infrastructure Policy Review, and for this purpose seeks to familiarize itself with the Accounting Chamber's approaches to conducting an external audit of public investments and financing the recovery process, emphasized at the beginning of the meeting Michal Falenczyk.

Vasil Nevyadovy informed the partners that restoration, compensation for losses caused by the armed aggression of the Russian Federation and the implementation of public investment projects are priority areas for the Accounting Chamber. According to him, within the framework of audits and their planning, the Accounting Chamber mainly analyzes entire areas of budget funds use and relevant state policy, but also considers individual investment projects, although their share remains small.

The partners discussed the results of individual audits of the Accounting Chamber related to infrastructure reconstruction and the implementation of recommendations based on them. In particular, the discussion focused on the audit of the consequences of the destruction of the Kakhovka hydroelectric power station, the restoration of territorial communities affected by the war, the process of distributing funds from the fund for the elimination of the consequences of armed aggression, and the audit of the exercise by state bodies of their powers to manage state property in terms of determining damage caused by the war.

Special attention during the discussion was paid to the issue of implementing the future reform of the public investment system, as well as the interaction of bodies exercising state financial control.

As a result, the parties agreed to continue the exchange of information in a working order.

Let us recall that during the previous meeting of the Accounting Chamber with analysts from the OECD Directorate of Public Administration, they discussed ways to strengthen the independence of the institution and enhance its potential in wartime conditions.

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