March 2, 2015

Russian and Kazakh SAIs discuss cooperation in Moscow

Kozy-Korpesh Dzhanburchin, Chairman of the Accounts Committee for Control Over Republican Budget Execution, has paid a working visit to the Accounts Chamber of the Russian Federation as part of efforts to further bilateral cooperation.

The meeting focused on cooperation between supreme audit institutions of Russia and Kazakhstan both on bilateral basis and within the framework of the Eurasian Economic Union (EEU) and CIS. The sides examined prospects for further development of bilateral cooperation, specifically, outlined the possible subject matter of joint control, expert and analytical events in the areas of mutual interest.

In addition, the meeting participants exchanged views on the situation around the structuring and methodological support of external audit within the EEU framework, including the drafting of the Provision on Financial Audit and relevant audit standards. Specifically, it was noted that the means of cooperation put in place in the SAI of each EEU member country will enable the earliest completion of preparation of the drafts of said documents.

February 17, 2015

Bilateral Russian-Armenian seminar opens at Accounts Chamber

In her opening speech at the seminar, Tatyana Golikova, the Chairwoman of the Accounts Chamber of the Russian Federation, noted with satisfaction the high level of collaboration between supreme audit institutions (SAI) of Russia and Armenia. Golikova made a point of emphasizing that following the Republic of Armenia’s ascension to the Eurasian Economic Union (EEU) the dynamic and effective cooperation of the two countries’ SAIs is acquiring special importance because the EEU treaty provides for active involvement of national audit entities in the activity of the Union “in order to determine the efficiency of union budget formation, governance and disbursement”. “As supreme audit institutions we have to do a lot to help the Eurasian Economic Union to become a powerful focus of economic growth”, Golikova said addressing her Armenian colleagues.

During the seminar the Russian and Armenian auditors will share expertise regarding preparation of an opinion on the state report about federal (state) budget execution. In particular, the sides will look into the nation-specific features of auditing state budget execution and also discuss the possible risks and ways to overcome them in the process of preparation of the opinion on the report about state budget execution.

January 14, 2015
The Accounts Chamber of the Russian Federation celebrates its 20th anniversary
The Federal Law "On the Accounts Chamber of the Russian Federation" came into force on January 14, 1995.

For the past 20 years, the Accounts Chamber has performed enormous work: about 9,000 control activities have been conducted, violations of law in financial and fiscal area have been detected to the amount of 4.6 trillion rubles. Based on the findings of control activities, almost 9,000 submissions and orders have been sent with requests to eliminate the violations identified. More than 1,700 criminal cases have been initiated by law enforcement bodies based on the materials provided by the Accounts Chamber.

For 20 years of operation, the Accounts Chamber has managed to build up an efficient external state financial audit system in Russia based on unified organizational principles and methods. This is confirmed by the fact that the Accounts Chamber is among the leaders of the global audit community, being a member of the international, European and Asian Organizations of Supreme Audit Institutions (INTOSAI, EUROSAI and ASOSAI) and a member of their Governing Boards. Upon the initiative of the Accounts Chamber, the Council of the Heads of Supreme Audit Institutions of the CIS countries was established and has been operating successfully for 14 years. The relations with foreign Supreme Audit Institutions (SAIs) are developing fruitfully. Cooperation agreements with control bodies of 67 countries have been concluded and are valid. The representatives of the Accounts Chamber work in more than 20 governing and working bodies of the international organizations of SAIs.

Today, the Accounts Chamber is a full member of the budget process with sufficient powers to exercise efficient control over public finance and property. Thanks to amendments to the Federal Law “On the Accounts Chamber of the Russian Federation” adopted in 2013 and 2014, the powers of the control body have been significantly expanded, and a substantial long-term development capacity has been provided.