Monitoring and Audit of the State Financial Resources: The Problem of Effective System Arrangement (the case of the Republic of Kazakhstan)

The research goal is the problem identification of the current state financial control in the Republic of Kazakhstan and the estimation of the progressivity of developed project on implementation of state audit of financial resources of the country against this background. The practical research organization for all elements of the state financial control (subjects, objects, and communications) enabled to obtain reliable source data to identify these problems and their causes. The author has held the economic effectiveness analysis of the Supreme Audit Institution of the country and the local audit committees for the last period. Identified problems allowed making a comprehensive analysis of the draft law on introduction of state audit system.The problems of the state audit system development in the course of reform in the Republic of Kazakhstan might be useful for developing countries with poor public financial control, as well as for the developed economics in order to improve and identify latent problems. The author’s conception about the need to separate the control and audit on the basis of managerial nature of the latter has a universal theoretical and methodological value.