AUDIT OF COMPLIANCE WITH THE PURPOSE OF CREATION AND USE OF THE NATIONAL FUND OF THE REPUBLIC OF KAZAKHSTAN

Abstract

As part of the creation of a comprehensive system of state audit based on the best international experience, the Accounting Committee for Control over the Execution of the Republican Budget (hereinafter- the Accounting Committee) transferred the functions of external state audit bodies with the preservation of existing functions and their subsequent strengthening. Currently, he has developed subordinate regulatory legal acts that form the methodological basis of the state audit. Improving the efficiency of wealth fund management in countries
with developed market economies is achieved by conducting financial control and auditing the effectiveness of expenditures when using them. The National Fund occupies a large place in the economic system of the country, since the National Fund is considered part of the budget system. Therefore, the need to study the theoretical and practical aspects of conducting an audit of compliance with the formation and use of funds of the National Fund is
very relevant. However, to date, the country has not formed a special methodological basis for conducting an audit
of the formation and use of funds of the National Fund.
Based on the analysis of the current international and domestic legislation, the authors draw their conclusions
on the audit of the use of targeted transfers and other expenses allocated for the use of the National Fund. He also analysed the data, outlining the current state of the National Fund, and noted the reasons for the change.