Abstract:

This article is devoted to the study of a new form of state financial control – internal financial audit and the practice of its implementation at the level of constituent entities of the Russian Federation. The article analyzes the changes made to article 160.2-1 «Budgetary powers of individual participants in the budget process to organize and implement internal financial audit» and came into force on January 1, 2020. The article draws conclusions and defines three main models for organizing an internal financial audit in the constituent entities of the Russian Federation: in the form of empowering one or more (two to three) officials of an executive authority, a subdivision of an executive authority (department, management) and in the form of a transfer of authority to conduct an internal financial audit to one of the subordinate institutions.