Russian Federation : Country Financial Accountability Assessment
This CFAA concentrates, by design, on federal-level public sector financial management in the Russian Federation. Its results feed into the fiduciary discussion presented in the new Russian Federation Country Assistance Strategy (CAS), and into the...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2003/09/2693403/russian-federation-country-financial-accountability-assessment http://hdl.handle.net/10986/14698 |
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okr-10986-14698 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING INFORMATION TECHNOLOGY AUDITING CORRUPT PRACTICES CUSTOMS ADMINISTRATION OFF-BUDGET SUBSIDIES SUBNATIONAL FINANCES INSTITUTIONAL FRAMEWORK LEGAL FRAMEWORK ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTS ADMINISTRATIVE REGIONS ANTI- CORRUPTION AUDITING AUDITING STANDARDS AUTHORIZATION BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FINANCING BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET PROCESS BUDGET REVENUES BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING BUSINESS PROCESSES CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CHECKING CITIZENS CONSENSUS CONSOLIDATION CONSTITUTION CORPORATE GOVERNANCE DEBT DECISION MAKING DEMOCRACY DISTRICTS ECONOMIC GROWTH EXECUTION EXPENDITURES FEDERAL GOVERNMENT FEDERAL GOVERNMENT CONTROL FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL MANAGEMENT FISCAL REFORM FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT AGENCY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT MINISTRIES GOVERNMENTAL ORGANIZATION HARD BUDGET CONSTRAINTS HUMAN RESOURCES INSOLVENCY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL CONTROLS JUDICIARY LEGISLATION LEGISLATURE LOCAL GOVERNMENT LOCAL GOVERNMENTS LOWER HOUSE MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS NATIONAL LEVEL OLIGARCHY PRIVATE SECTOR PROCUREMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEWS PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM QUALITY ASSURANCE REPRESENTATIVES REPUBLICS REVENUE MANAGEMENT RISK OF FRAUD SOCIAL INSURANCE SOCIAL POLICY STATE AGENCIES TAX TAX ADMINISTRATION TAX COLLECTION TAX COLLECTIONS TAX LAWS TAXATION TECHNICAL ASSISTANCE TOWNSHIPS TRANSPARENCY TREASURY TREASURY OPERATIONS UPPER HOUSE |
| spellingShingle |
POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING INFORMATION TECHNOLOGY AUDITING CORRUPT PRACTICES CUSTOMS ADMINISTRATION OFF-BUDGET SUBSIDIES SUBNATIONAL FINANCES INSTITUTIONAL FRAMEWORK LEGAL FRAMEWORK ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTS ADMINISTRATIVE REGIONS ANTI- CORRUPTION AUDITING AUDITING STANDARDS AUTHORIZATION BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FINANCING BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET PROCESS BUDGET REVENUES BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING BUSINESS PROCESSES CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CHECKING CITIZENS CONSENSUS CONSOLIDATION CONSTITUTION CORPORATE GOVERNANCE DEBT DECISION MAKING DEMOCRACY DISTRICTS ECONOMIC GROWTH EXECUTION EXPENDITURES FEDERAL GOVERNMENT FEDERAL GOVERNMENT CONTROL FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL MANAGEMENT FISCAL REFORM FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT AGENCY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT MINISTRIES GOVERNMENTAL ORGANIZATION HARD BUDGET CONSTRAINTS HUMAN RESOURCES INSOLVENCY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL CONTROLS JUDICIARY LEGISLATION LEGISLATURE LOCAL GOVERNMENT LOCAL GOVERNMENTS LOWER HOUSE MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS NATIONAL LEVEL OLIGARCHY PRIVATE SECTOR PROCUREMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEWS PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM QUALITY ASSURANCE REPRESENTATIVES REPUBLICS REVENUE MANAGEMENT RISK OF FRAUD SOCIAL INSURANCE SOCIAL POLICY STATE AGENCIES TAX TAX ADMINISTRATION TAX COLLECTION TAX COLLECTIONS TAX LAWS TAXATION TECHNICAL ASSISTANCE TOWNSHIPS TRANSPARENCY TREASURY TREASURY OPERATIONS UPPER HOUSE World Bank Russian Federation : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Russian Federation |
| description |
This CFAA concentrates, by design, on
federal-level public sector financial management in the
Russian Federation. Its results feed into the fiduciary
discussion presented in the new Russian Federation Country
Assistance Strategy (CAS), and into the Core Integrative
Fiduciary Assessment (CIFA). In budget management the CFAA
recommends 1) strengthening the strategy phase of budget
preparation to link macroeconomic resource constraints and
sectoral and program targets; 2) adopting a uniform,
simplified budget coding structure; 3) adopting a more
participatory approach to budget planning and formulation;
4) introducing accounting principles by entities with
extra-budgetary funds and preparing reports that are
compatible with Treasury accounts and fiscal reporting; 5)
preparing a program of institutional development for the MOF
and applying modem information technology; and 6) amending
the chart of accounts (COA) to fully reflect the budget
classification. The development and implementation of a
full-function Treasury system will take several years and is
not expected to become fully operational before 2004/05. In
the interim, the CFAA recommends immediate implementation of
an improved system of expenditure monitoring, extension of
Treasury control of expenditure commitments to all items of
the economic expenditure classification, and replacement of
weekly cash finding limits by monthly funding of
established expenditure commitments. In accounting and
financial reporting, some recommendations are to 0 review of
existing budget classifications and coding structures and
design of a revised structure and COA that conform with the
IMF GFS classification; and to integrate the two existing
coding systems. To improve internal controls and internal
auditing, the report recommends regarding the internal audit
as an important management tool, shifting to a new model,
based on service orientation and performance/risk
assessment, internal audit functions becoming independent
from other organizational and functional departments, staff
reporting directly to the head of the organization,
regulating the entity by an audit charter, and audit
functions be carried out by multi-disciplinary teams. As for
external audits, the CFAA strongly supports the
Chambers' program of institutional and methodological
improvements, in particular its preparation of a long- term
plan to assess public institutions' performance (value
for money) in the use of public funds. Finally, the CFAA
finds that the World Bank is adequately discharging its
financial management fiduciary responsibilities with respect
to its lending operations. The CFAA risk assessment
concludes that the current ring-fencing approach to project
implementation arrangements should be maintained,
recognizing that--based on the effective operationalization
of the reforms being introduced in public financial
accountability--the present arrangements could in due course
be subject to revision. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Russian Federation : Country Financial Accountability Assessment |
| title_short |
Russian Federation : Country Financial Accountability Assessment |
| title_full |
Russian Federation : Country Financial Accountability Assessment |
| title_fullStr |
Russian Federation : Country Financial Accountability Assessment |
| title_full_unstemmed |
Russian Federation : Country Financial Accountability Assessment |
| title_sort |
russian federation : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2003/09/2693403/russian-federation-country-financial-accountability-assessment http://hdl.handle.net/10986/14698 |
| _version_ |
1764428448116244480 |
| spelling |
okr-10986-146982021-04-23T14:03:17Z Russian Federation : Country Financial Accountability Assessment World Bank POLITICAL ACCOUNTABILITY PUBLIC SECTOR MANAGEMENT BUDGET EXECUTION EXPENDITURE ANALYSIS RESOURCE ALLOCATION PROCESSES POVERTY REDUCTION OBJECTIVES FINANCIAL MANAGEMENT SYSTEMS INTERNAL AUDIT PROCUREMENT ALLOCATION OF RESOURCES BUDGET MONITORING BUDGET IMPLEMENTATION FINANCIAL REPORTING STANDARDS GOVERNMENT ACCOUNTING INFORMATION TECHNOLOGY AUDITING CORRUPT PRACTICES CUSTOMS ADMINISTRATION OFF-BUDGET SUBSIDIES SUBNATIONAL FINANCES INSTITUTIONAL FRAMEWORK LEGAL FRAMEWORK ACCOUNT ACCOUNTABILITY ACCOUNTANTS ACCOUNTING ACCOUNTING PRINCIPLES ACCOUNTS ADMINISTRATIVE REGIONS ANTI- CORRUPTION AUDITING AUDITING STANDARDS AUTHORIZATION BALANCE SHEET BANKING SECTOR BANKING SUPERVISION BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET CLASSIFICATION BUDGET EXECUTION BUDGET FINANCING BUDGET FORMULATION BUDGET MANAGEMENT BUDGET PERFORMANCE BUDGET PROCESS BUDGET REVENUES BUDGETARY FUNDS BUDGETARY ORGANIZATIONS BUDGETING BUSINESS PROCESSES CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CHECKING CITIZENS CONSENSUS CONSOLIDATION CONSTITUTION CORPORATE GOVERNANCE DEBT DECISION MAKING DEMOCRACY DISTRICTS ECONOMIC GROWTH EXECUTION EXPENDITURES FEDERAL GOVERNMENT FEDERAL GOVERNMENT CONTROL FINANCIAL ACCOUNTABILITY FINANCIAL ADMINISTRATION FINANCIAL CONTROL FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL SECTOR FINANCIAL STATEMENTS FISCAL FISCAL MANAGEMENT FISCAL REFORM FISCAL TRANSPARENCY GOVERNMENT ACCOUNTING GOVERNMENT AGENCIES GOVERNMENT AGENCY GOVERNMENT FINANCE GOVERNMENT LEVEL GOVERNMENT MINISTRIES GOVERNMENTAL ORGANIZATION HARD BUDGET CONSTRAINTS HUMAN RESOURCES INSOLVENCY INSTITUTIONAL DEVELOPMENT INSTITUTIONAL FRAMEWORK INSTITUTIONAL REFORMS INTERNAL AUDIT INTERNAL AUDIT FUNCTION INTERNAL AUDITING INTERNAL CONTROLS JUDICIARY LEGISLATION LEGISLATURE LOCAL GOVERNMENT LOCAL GOVERNMENTS LOWER HOUSE MINISTRY OF FINANCE MUNICIPALITIES NATIONAL GOVERNMENTS NATIONAL LEVEL OLIGARCHY PRIVATE SECTOR PROCUREMENT PUBLIC EXPENDITURE PUBLIC EXPENDITURE REVIEWS PUBLIC FINANCE PUBLIC FINANCE MANAGEMENT PUBLIC FINANCES PUBLIC INSTITUTIONS PUBLIC INVESTMENT PUBLIC POLICY PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING PUBLIC SECTOR REFORM QUALITY ASSURANCE REPRESENTATIVES REPUBLICS REVENUE MANAGEMENT RISK OF FRAUD SOCIAL INSURANCE SOCIAL POLICY STATE AGENCIES TAX TAX ADMINISTRATION TAX COLLECTION TAX COLLECTIONS TAX LAWS TAXATION TECHNICAL ASSISTANCE TOWNSHIPS TRANSPARENCY TREASURY TREASURY OPERATIONS UPPER HOUSE This CFAA concentrates, by design, on federal-level public sector financial management in the Russian Federation. Its results feed into the fiduciary discussion presented in the new Russian Federation Country Assistance Strategy (CAS), and into the Core Integrative Fiduciary Assessment (CIFA). In budget management the CFAA recommends 1) strengthening the strategy phase of budget preparation to link macroeconomic resource constraints and sectoral and program targets; 2) adopting a uniform, simplified budget coding structure; 3) adopting a more participatory approach to budget planning and formulation; 4) introducing accounting principles by entities with extra-budgetary funds and preparing reports that are compatible with Treasury accounts and fiscal reporting; 5) preparing a program of institutional development for the MOF and applying modem information technology; and 6) amending the chart of accounts (COA) to fully reflect the budget classification. The development and implementation of a full-function Treasury system will take several years and is not expected to become fully operational before 2004/05. In the interim, the CFAA recommends immediate implementation of an improved system of expenditure monitoring, extension of Treasury control of expenditure commitments to all items of the economic expenditure classification, and replacement of weekly cash finding limits by monthly funding of established expenditure commitments. In accounting and financial reporting, some recommendations are to 0 review of existing budget classifications and coding structures and design of a revised structure and COA that conform with the IMF GFS classification; and to integrate the two existing coding systems. To improve internal controls and internal auditing, the report recommends regarding the internal audit as an important management tool, shifting to a new model, based on service orientation and performance/risk assessment, internal audit functions becoming independent from other organizational and functional departments, staff reporting directly to the head of the organization, regulating the entity by an audit charter, and audit functions be carried out by multi-disciplinary teams. As for external audits, the CFAA strongly supports the Chambers' program of institutional and methodological improvements, in particular its preparation of a long- term plan to assess public institutions' performance (value for money) in the use of public funds. Finally, the CFAA finds that the World Bank is adequately discharging its financial management fiduciary responsibilities with respect to its lending operations. The CFAA risk assessment concludes that the current ring-fencing approach to project implementation arrangements should be maintained, recognizing that--based on the effective operationalization of the reforms being introduced in public financial accountability--the present arrangements could in due course be subject to revision. 2013-07-31T20:22:13Z 2013-07-31T20:22:13Z 2003-09-16 http://documents.worldbank.org/curated/en/2003/09/2693403/russian-federation-country-financial-accountability-assessment http://hdl.handle.net/10986/14698 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Financial Accountability Assessment Economic & Sector Work Europe and Central Asia Russian Federation |