Control and audit activity of the Accounts Chamber of the Russian Federation is effectuated in the following areas of control:

• control over the timely execution of the revenue and expenditure items of the federal budget in their amount, structure and aimed application, the evaluation of the feasibility of the federal budget's projects;

• control over the timely execution of the revenue and debit items of the budgets of the state non-budgetary funds in amount, structure and aimed application, the evaluation of the feasibility of the projects of the state extra-budgetary funds' budgets;

• the establishment of the effectiveness and appropriateness of the use of the state property, control over receipts towards the federal budget obtained from the use and employment of the state property;

• control over the condition of the domestic and foreign debt of the Russian Federation and the use of credit assets;

• control over the banking system in servicing the federal budget and the national debt of the Russian Federation.

Control authorities of the Accounts Chamber apply to all state organs (including their personnel and subsystems) and offices in the Russian Federation, organizations, banks, insurance companies and other finance and credit establishments, their unions, associations and other coalitions regardless of the types and forms of ownership if they:

• receive, transfer or use the assets from the federal budget;

• use the federal property or manage it;

• enjoy benefits and privileges granted by the federal legislation or federal organs in the area of taxation, customs operations and other activities.

In addition, the control authorities of the Accounts Chamber of the Russian Federation apply to the work of public organizations, non-state funds and other non-state non-commercial organizations (in the area related to receipt, transfer or use by them of the federal budget's assets, the use of the federal property or management thereof as well as in the area of benefits and privileges granted by the federal legislation or federal organs of state power in taxation, customs operations and other activities).

All organs of state power in the Russian Federation, organs of local government, the Central Bank of the Russian Federation, enterprises, establishments, organizations regardless of the forms of ownership and their executives shall be obliged to make available whenever requested by the Accounts Chamber the information required to sustain its activity.

In carrying out control and audit arrangements , the Accounts Chamber shall has the right to request and receive from enterprises, establishments, organizations, banks and other credit and finance establishments that are being checked all the required information and documentation that come under its competence. The illegal refusal to provide such information (documents, materials) available or an evasion to do so as well as provision of the wittingly incomplete or false information to the Accounts Chamber entails penal prosecution as specified in Article 287 of the Penal Code of the Russian Federation.

The control organs of the President and the Government of the Russian Federation, of the ministries and bodies as well as other state control organs are obliged to assist the Accounts Chamber in its work and present at its request the information on the results of control and audit checks carried out by them. The Accounts Chamber has the right within its competence to involve in its control and inspection activities the state control organs and their representatives as well as non-state auditing services and separate specialists on a contractual basis.

The organization of the control and inspection of the Accounts Chamber is based on the principle of the collective leadership which implies that the decisions on carrying out inspections and the approval of the results obtained shall be the domain of the Collegium of the Accounts Chamber.