Finansų valdymo proceso vertinimas veiklos audite.
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The modern performance audit does play an important role in the management of both public and private sectors. Essentially, performance audit includes the identification of major weaknesses embedded in operating processes or stemming from inadequate internal control, also the disclosure of possibilities for enhancement of operating efficiency and the provision of recommendations. The article, in view of the breadth and complexity of the issue under consideration, limits its focus to external performance audit in the public sector the results of the assessment whereof are intended to inform legislators, tax payers, service users, etc. The scope of the present article does not include the internal performance audit covering internal organisational management issues. The article argues that performance audit has been extensively covered in academic and practical references, which, however, did not result in the formulation of its assessment system or any systemic assessment of performance. Therefore the key issue of the present article is the identification of a performance audit model that is most appropriate in seeking clearer, more transparent and better comparable results of assessment of performance. The article looks into the ways which could link the proposed model applications to the principles of sound financial management? The article focuses on assessment of the financial management process. The assessment of consistency in the process of financial management has proposed to identify seven principal stages: target setting, budgeting, implementation and management control, reporting, followup, audit and evaluation, as well as four principal objectives in governance: performance management, operations management, resource management and budget management. The identified elements constitute the basis for the external performance audit in the public sector. These elements reflect the interrelations and the impacts of the outcome upon subsequent processes (see Table 1). The first stage of the performance audit matrix is based on the assessment of financial management process covers institutional objectives that reflect performance expectations and represent the ultimate objective of performance management. Also this first stage is related to the seventh stage of finance management — the evaluation, actually, showing that the purpose of management of results in this specific stage is the assessment of performance efficiency leading to updating of objectives. The second stage is planning based on operations and resource management objectives intended to plan operations, resources, structure that would enable the achievement of predefined objectives and the attainment of required quality. The third stage is budgeting based on the objectives of operations, resources and budget management. The fourth stage includes the implementation and management control based operational, resource and budget management objectives designed to implement and manage operational processes, the use of resources and ensure the appropriate levels of accounting and internal control levels. The fifth stage is reporting based on the objectives of operational resource and budget management seeking to show the current status [...]
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