THE EXPERIENCE OF SUPREME AUDIT INSTITUTIONS IN CONDUCTING STATE AUDITS IN THE CONSTRUCTION SECTOR

Abstract

This article explores best practices of supreme audit institutions from various countries in conducting external state audits in the construction sector. Specifically, the authors analyze the organization and execution of external government audits by supreme audit institutions in countries such as the United States, Germany, the United Arab Emirates, China, and Japan. The analysis reveals that most audits performed by SAIs in these countries focus on assessing the efficiency of housing construction, particularly in addressing systemic social issues. Additionally, SAIs includes audits of road infrastructure construction as part of their efforts to solve socio-economic challenges. Special attention in the article is given to the methodology of organizing and conducting audit and expert-analytical activities aimed at evaluating the effectiveness of public resource utilization by government agencies in the construction of buildings, facilities, and road infrastructure, as well as assessing the effectiveness of budget expenditure.