Introduction of Internal Financial Control System in the Public Sector

Abstract

The article discusses the reform of the internal financial control system for the efficient and targeted expenditure of budget funds in the public sector. There are reviewed the international normative acts and regulatory norms of internal audit in the public sector, and practices of EU countries in terms of introduction of internal control system. There are analyzed the shortcomings of the introduction of the internal financial control system in Georgia and proposed the measures of problem elimination that ensure quality-oriented decision-making.