Organisation of Internal Control in a Budget Institution: Applied Aspect

Dikan Larysa V. () and Deyneko Yevgen V. ()
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Dikan Larysa V.: Kharkiv National University of Economics
Deyneko Yevgen V.: Kharkiv National University of Economics

Business Inform, 2013, issue 10, 296_301

Abstract: The article proves urgency and necessity of organisation of internal control in budget institutions. It graphically depicts a general structure of the organisation of internal control in budget institutions. It offers and substantiates a model of organisation of internal control in budget institutions. It proves that the key principles of organisation of internal control in budget institutions are principles of effectiveness and efficiency. Moreover, the effectiveness principle is connected with identification of an optimal number and the most expedient composition of the internal control department in a budget institution. Using economic and mathematical methods, the article calculates an optimal number and composition of such a department. It makes a conclusion that the internal control department of a budget institution should include 2 controllers of the third type and 2 controllers of the fifth type, while it is not expedient to include controllers of the first, second and fourth types. Besides, the wages fund should be minimal - UAH 6,800 per month.

Keywords: internal control; state financial control; internal control department; optimisation task (search for similar items in EconPapers)
Date: 2013
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