კონფერენცია

∘ Elguja Konjaria ∘
THE ESSENCE OF EFFECTIVITNESS AUDIT AND FEATURES OF ITS USAGE

Summary

Nowadays audit and its separate forms are considered as one ofthe most approved forms of financial economic control.

In universal practice audit is considered as one of the major forms of budget control of the state.

Audit of effectiveness belongs to the category that can answer the questions: if we get proper result from the used cash funds and if it’s possible to use them better.

Effective audit means the independent research of state projects, organizations and program saving, productivity and purpose and aims of their refine and improvement.

In modern period, effective audit represents one of the main spheres in a state budget control scope, which is implemented by Superior Financial Control-International Organization INTOSAT-worked out on principles of Lima declaration

Effective audit is a professional category, that demands special skills, own norms, special planning and making specific reports.

Main principles of audit consider the financial control of the INTOSAT-the International organization and based on universally invoked principles of effective audit, that is implemented on experience of the organization members.

The exact fulfillment of International organization and different countries while checking the efficiency, may lead to certain difficulties and problems. This is conditioned by peculiarities of budget processes and existing legislation in different countries. Though two principally different approach-result, oriented approach and problem oriented.

Despite this, the formation of efficiency audit is conducted, its goal is making conclusions and useful recommendations based on obtained evidence.

Effectiveness audition (auditor having relevant qualification that provides conducting effective audit)gives recommendations to the audit object on purpose to develop the working processes and effectiveness.

Efficiency is the public process and the necessity of its usage is conditioned on circumstances, that in above mentioned sphere is limited for making changes, accordingly the probability of sending a high effect is less.

The main reason in that, the case concerns not own but state money and funds.

Accordingly in conditions of democratic governance there is need of efficiency audit, because audit process and recommendations issued as a result of this play a big role in effective functioning of public administration and ensure improvement of achieved results.

Justice and trust is the main and important asset for developed countries. Effective audit supports to strengthen above mentioned values.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Elguja Konjaria ∘ THE ESSENCE OF EFFECTIVITNESS AUDIT AND FEATURES OF ITS USAGE Summary Nowadays audit and its separate forms are considered as one ofthe most approved forms of financial economic control. In universal practice audit is considered as one of the major forms of budget control of the state. Audit of effectiveness belongs to the category that can answer the questions: if we get proper result from the used cash funds and if it’s possible to use them better. Effective audit means the independent research of state projects, organizations and program saving, productivity and purpose and aims of their refine and improvement. In modern period, effective audit represents one of the main spheres in a state budget control scope, which is implemented by Superior Financial Control-International Organization INTOSAT-worked out on principles of Lima declaration Effective audit is a professional category, that demands special skills, own norms, special planning and making specific reports. Main principles of audit consider the financial control of the INTOSAT-the International organization and based on universally invoked principles of effective audit, that is implemented on experience of the organization members. The exact fulfillment of International organization and different countries while checking the efficiency, may lead to certain difficulties and problems. This is conditioned by peculiarities of budget processes and existing legislation in different countries. Though two principally different approach-result, oriented approach and problem oriented. Despite this, the formation of efficiency audit is conducted, its goal is making conclusions and useful recommendations based on obtained evidence. Effectiveness audition (auditor having relevant qualification that provides conducting effective audit)gives recommendations to the audit object on purpose to develop the working processes and effectiveness. Efficiency is the public process and the necessity of its usage is conditioned on circumstances, that in above mentioned sphere is limited for making changes, accordingly the probability of sending a high effect is less. The main reason in that, the case concerns not own but state money and funds. Accordingly in conditions of democratic governance there is need of efficiency audit, because audit process and recommendations issued as a result of this play a big role in effective functioning of public administration and ensure improvement of achieved results. Justice and trust is the main and important asset for developed countries. Effective audit supports to strengthen above mentioned values.