PERSPECTIVES OF IMPLEMENTING FINANCIAL STATEMENT AUDIT IN THE PRACTICE OF STATE AUDIT AUTHORITIES IN THE NATIONAL SECURITY SYSTEM

Abstract

This article focuses on assessing the prospects of implementing financial statement audits in the activities of state audit authorities in the Republic of Kazakhstan. It is determined that an independent audit is one of the most effective tools for achieving the national security of a country, which is also determined by the need to implement the universally accepted UN Sustainable Development Goals. The goal of the research was to identify potential perspectives on implementing financial statement audits to ensure transparent financial activities of audit objects. The research methodology was based on the use of methods of theoretical generalisation, analysis of literature sources widely used in the fields of finance, synthesis, and scientific abstraction. Based on literature sources, two exemplary models of financial statement audit in the UK and the USA were identified. The feasibility of using these models in practice in the Republic of Kazakhstan was evaluated. It was found that full adoption of Western models is not an optimal solution, as it is necessary to take into account the specific organisational structure of audit authorities in Kazakhstan as well as the political and socio-economic development course of the country. Such an approach will help to enhance national security and trust in the financial activities of the country.