/ / Financial control and its important role in coordinating the work of state bodies

Financial control and its important role in coordinating the work of state bodies

Financial control is a procedure aimed aton observance of legality and expediency of formation and use of all forms of monetary funds with the purpose of effective economic and social development of the state and its separately taken regions.

This type of control is the guarantor of ensuring the legality of the state's financial activities.

The main tasks of financial control are the following:

- verification of the fulfillment of corresponding obligations by organizations or citizens both to the state and to the executive authorities;

- verification of the correct use of monetary resources by state enterprises and organizations;

- Checking the accuracy of settlements and other financial transactions carried out, as well as compliance with the rules for the storage of money;

- identification of internal production reserves;

- Preempting and eliminating violations of financial discipline.

Financial control is quite effectivestrengthens the financial discipline of any organization and prevents the emergence of all kinds of risks that are directly related to the violation of current legislation. Its role in the socio-economic aspects of the state is expressed in a certain procedure for its conduct. This, first, should be quite strict control of the state fiscal authorities over compliance with the financial order in organizations and institutions. Secondly, all the activities of state-owned enterprises should be economically justified and with the help of financial control the efficiency and compliance with the existing tasks of the state are fully proved.

Financial control should serve as a guarantorlegality and expediency of the financial activity of state enterprises and organizations, and to be one of the links in the entire financial system. This type of control should ensure the timeliness, completeness and correctness of revenue generation, as well as the accuracy and validity of expenses. For successful socio-economic policy and the well-functioning functioning of the state administration, financial control must be effective and inclusive.

Financial control in the Russian Federation is presented in the form ofmechanism, ensuring the legality of the activities of municipalities and other representatives of state power. The main role in the monitoring process of the Budget Code of the Russian Federation is assigned to the Accounting Chamber, which must monitor the internal and external debt of the state, as well as the execution of the federal budget.

Financial control can be classified according to the reasons for its implementation.

For example, depending on the durationit can be preliminary and current. Preliminary control plays an important role in preventing or detecting early violations of financial discipline and is carried out before the actual performance of monetary transactions. The current control (has another name - operational) is carried out directly during financial transactions and is aimed at identifying and eliminating all violations in this area of ​​the state enterprise.

Also, financial control may be mandatoryand proactive. A classification is also possible, depending on the list of controlling bodies. In this case, it is possible to distinguish such types: the control of the president, bodies of state, executive power and local self-government, departmental, audit and public.

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