Ukraine : Country Financial Accountability Assessment
Ukraine has several strengths, such as an educated workforce, strong bookkeeping skills, and commitment to reforms, and a long-term vision of joining the European Union. In order to strengthen existing public financial accountability, Ukraine will...
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| Format: | Country Financial Accountability Assessment |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/10/2011688/ukraine-country-financial-accountability-assessment-cfaa http://hdl.handle.net/10986/15365 |
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okr-10986-15365 |
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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 |
LEGAL FRAMEWORK INSTITUTIONAL FRAMEWORK EXTERNAL AUDITORS INTERNAL AUDITING CAPACITY BUILDING FINANCIAL STATEMENTS ACCOUNTING & REPORTING PUBLIC ENTERPRISES STAFF TRAINING PROGRAM BUDGETING BUDGET LAW & LEGISLATION MODERNIZATION AUTOMATION REPORTING SYSTEMS MANAGEMENT INFORMATION SYSTEMS REGULATORY AGENCY BUSINESS LAW LEGAL REFORM CORPORATE GOVERNANCE HIRING PRACTICIES ACCOUNT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING RECORDS ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING PROFESSION AUDITORS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET ESTIMATES BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY ALLOCATIONS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETARY PROCESS BUDGETARY RESOURCES BUDGETARY SPENDING BUDGETARY SYSTEMS CABINET OF MINISTERS CAPITAL BUDGETING CAPITAL MARKETS CAPITAL PROJECTS CASH COLLECTIONS CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CITIZENS CIVIL SERVICE COMMERCIAL BANKS CONSTITUTION CONTRACTORS CORPORATE GOVERNANCE COUNCILS DEBT DEBT RESTRUCTURING DECISION-MAKERS DECREE DECREES DEFICITS DEMOCRACY DEPOSITS DISCIPLINARY COMMITTEE EMPLOYMENT ENACTMENT EXECUTIVE POWER EXPENDITURE MANAGEMENT EXPENDITURES EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL STATEMENTS FISCAL FISCAL TRANSPARENCY FISCAL YEAR FOREIGN INVESTORS GOVERNMENT FINANCE GOVERNMENT GUARANTEES GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT IMPEACHMENT INSTITUTIONAL FRAMEWORK INSURANCE INTERNAL AUDIT INTERNAL CONTROLS INTERNAL SECURITY INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INVENTORY LARGE CITIES LAWS LEASED ASSETS LEGISLATIVE OVERSIGHT LEGISLATIVE POWER LEGISLATURE LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING SYSTEMS MEMBERS OF PARLIAMENT MINISTERS MINISTRY OF FINANCE PAYMENT SYSTEMS PENALTIES POLITICAL CONSENSUS PRIVATE SECTOR PROGRAM BUDGETING PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPORTING SYSTEMS RESOURCE ALLOCATION RISK OF FRAUD SEPARATION OF POWERS SOCIAL INSURANCE STATE AGENCIES STATE BUDGET STATE CONTROL STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX REVENUES TECHNICAL ASSISTANCE TREASURY WAGES |
| spellingShingle |
LEGAL FRAMEWORK INSTITUTIONAL FRAMEWORK EXTERNAL AUDITORS INTERNAL AUDITING CAPACITY BUILDING FINANCIAL STATEMENTS ACCOUNTING & REPORTING PUBLIC ENTERPRISES STAFF TRAINING PROGRAM BUDGETING BUDGET LAW & LEGISLATION MODERNIZATION AUTOMATION REPORTING SYSTEMS MANAGEMENT INFORMATION SYSTEMS REGULATORY AGENCY BUSINESS LAW LEGAL REFORM CORPORATE GOVERNANCE HIRING PRACTICIES ACCOUNT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING RECORDS ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING PROFESSION AUDITORS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET ESTIMATES BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY ALLOCATIONS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETARY PROCESS BUDGETARY RESOURCES BUDGETARY SPENDING BUDGETARY SYSTEMS CABINET OF MINISTERS CAPITAL BUDGETING CAPITAL MARKETS CAPITAL PROJECTS CASH COLLECTIONS CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CITIZENS CIVIL SERVICE COMMERCIAL BANKS CONSTITUTION CONTRACTORS CORPORATE GOVERNANCE COUNCILS DEBT DEBT RESTRUCTURING DECISION-MAKERS DECREE DECREES DEFICITS DEMOCRACY DEPOSITS DISCIPLINARY COMMITTEE EMPLOYMENT ENACTMENT EXECUTIVE POWER EXPENDITURE MANAGEMENT EXPENDITURES EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL STATEMENTS FISCAL FISCAL TRANSPARENCY FISCAL YEAR FOREIGN INVESTORS GOVERNMENT FINANCE GOVERNMENT GUARANTEES GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT IMPEACHMENT INSTITUTIONAL FRAMEWORK INSURANCE INTERNAL AUDIT INTERNAL CONTROLS INTERNAL SECURITY INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INVENTORY LARGE CITIES LAWS LEASED ASSETS LEGISLATIVE OVERSIGHT LEGISLATIVE POWER LEGISLATURE LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING SYSTEMS MEMBERS OF PARLIAMENT MINISTERS MINISTRY OF FINANCE PAYMENT SYSTEMS PENALTIES POLITICAL CONSENSUS PRIVATE SECTOR PROGRAM BUDGETING PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPORTING SYSTEMS RESOURCE ALLOCATION RISK OF FRAUD SEPARATION OF POWERS SOCIAL INSURANCE STATE AGENCIES STATE BUDGET STATE CONTROL STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX REVENUES TECHNICAL ASSISTANCE TREASURY WAGES World Bank Ukraine : Country Financial Accountability Assessment |
| geographic_facet |
Europe and Central Asia Ukraine |
| description |
Ukraine has several strengths, such as
an educated workforce, strong bookkeeping skills, and
commitment to reforms, and a long-term vision of joining the
European Union. In order to strengthen existing public
financial accountability, Ukraine will need to build on its
strength by undertaking several measures. Experience in many
other countries shows that several required changes entail
reaching political consensus, reforming existing
institutions, or creating new institutions. This suggests
that a realistic timetable for improvement in public
financial accountability will have to stretch over several
years and will depend on strong leadership from the top. The
most important areas for action are: bringing revenues under
the scope of independent external auditors; introducing the
concept of internal audit; strengthening the capacity of the
Accounting Chamber to conduct financial statement audits;
strengthening the accountability of state owned enterprises;
introducing international accounting standards for selected
enterprises; adopting international best practices for
licensing of audit professionals; and strengthening the
disciplinary committee of the Chamber of Auditors to provide
effective oversight. Other measures needed are to: train
deparmtnetal staff in implementing program budgeting; fully
implementing the Budget Code; expediting the implementing of
the Treasury modernization project; and implementing
standardized automated accounting and reporting systems. |
| format |
Economic & Sector Work :: Country Financial Accountability Assessment |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ukraine : Country Financial Accountability Assessment |
| title_short |
Ukraine : Country Financial Accountability Assessment |
| title_full |
Ukraine : Country Financial Accountability Assessment |
| title_fullStr |
Ukraine : Country Financial Accountability Assessment |
| title_full_unstemmed |
Ukraine : Country Financial Accountability Assessment |
| title_sort |
ukraine : country financial accountability assessment |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2001/10/2011688/ukraine-country-financial-accountability-assessment-cfaa http://hdl.handle.net/10986/15365 |
| _version_ |
1764427064202493952 |
| spelling |
okr-10986-153652021-04-23T14:03:14Z Ukraine : Country Financial Accountability Assessment World Bank LEGAL FRAMEWORK INSTITUTIONAL FRAMEWORK EXTERNAL AUDITORS INTERNAL AUDITING CAPACITY BUILDING FINANCIAL STATEMENTS ACCOUNTING & REPORTING PUBLIC ENTERPRISES STAFF TRAINING PROGRAM BUDGETING BUDGET LAW & LEGISLATION MODERNIZATION AUTOMATION REPORTING SYSTEMS MANAGEMENT INFORMATION SYSTEMS REGULATORY AGENCY BUSINESS LAW LEGAL REFORM CORPORATE GOVERNANCE HIRING PRACTICIES ACCOUNT ACCOUNTANTS ACCOUNTING ACCOUNTING POLICIES ACCOUNTING RECORDS ACCOUNTING SOFTWARE ACCOUNTING STANDARDS ACCOUNTS ACCOUNTS PAYABLE ACCOUNTS RECEIVABLE APPROPRIATIONS AUDIT REPORTS AUDITING AUDITING PROFESSION AUDITORS AUTHORITY AUTHORIZATION BANK ACCOUNTS BANKING SYSTEM BILLS BOOKKEEPING BORROWING BUDGET APPROPRIATIONS BUDGET CLASSIFICATION BUDGET ESTIMATES BUDGET EXECUTION BUDGET IMPLEMENTATION BUDGET PROCESS BUDGET REVENUES BUDGET SYSTEM BUDGET SYSTEMS BUDGETARY ALLOCATIONS BUDGETARY FUNDS BUDGETARY INSTITUTIONS BUDGETARY PROCESS BUDGETARY RESOURCES BUDGETARY SPENDING BUDGETARY SYSTEMS CABINET OF MINISTERS CAPITAL BUDGETING CAPITAL MARKETS CAPITAL PROJECTS CASH COLLECTIONS CASH FLOWS CASH MANAGEMENT CENTRAL GOVERNMENT CENTRALIZATION CITIZENS CIVIL SERVICE COMMERCIAL BANKS CONSTITUTION CONTRACTORS CORPORATE GOVERNANCE COUNCILS DEBT DEBT RESTRUCTURING DECISION-MAKERS DECREE DECREES DEFICITS DEMOCRACY DEPOSITS DISCIPLINARY COMMITTEE EMPLOYMENT ENACTMENT EXECUTIVE POWER EXPENDITURE MANAGEMENT EXPENDITURES EXTERNAL AUDITORS FINANCIAL ACCOUNTABILITY FINANCIAL ACCOUNTING FINANCIAL AUDITS FINANCIAL INFORMATION FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT SYSTEMS FINANCIAL REPORTING FINANCIAL REPORTS FINANCIAL STATEMENTS FISCAL FISCAL TRANSPARENCY FISCAL YEAR FOREIGN INVESTORS GOVERNMENT FINANCE GOVERNMENT GUARANTEES GOVERNMENTAL ORGANIZATION GROSS DOMESTIC PRODUCT HUMAN RESOURCE HUMAN RESOURCE MANAGEMENT IMPEACHMENT INSTITUTIONAL FRAMEWORK INSURANCE INTERNAL AUDIT INTERNAL CONTROLS INTERNAL SECURITY INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL ACCOUNTING STANDARDS COMMITTEE INVENTORY LARGE CITIES LAWS LEASED ASSETS LEGISLATIVE OVERSIGHT LEGISLATIVE POWER LEGISLATURE LOCAL GOVERNMENTS MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING SYSTEMS MEMBERS OF PARLIAMENT MINISTERS MINISTRY OF FINANCE PAYMENT SYSTEMS PENALTIES POLITICAL CONSENSUS PRIVATE SECTOR PROGRAM BUDGETING PROVISIONS PUBLIC ACCOUNTABILITY PUBLIC EXPENDITURE PUBLIC INSTITUTIONS PUBLIC RESOURCES PUBLIC SECTOR PUBLIC SECTOR ACCOUNTING REPORTING SYSTEMS RESOURCE ALLOCATION RISK OF FRAUD SEPARATION OF POWERS SOCIAL INSURANCE STATE AGENCIES STATE BUDGET STATE CONTROL STATE OWNED ENTERPRISES TAX TAX ADMINISTRATION TAX REVENUES TECHNICAL ASSISTANCE TREASURY WAGES Ukraine has several strengths, such as an educated workforce, strong bookkeeping skills, and commitment to reforms, and a long-term vision of joining the European Union. In order to strengthen existing public financial accountability, Ukraine will need to build on its strength by undertaking several measures. Experience in many other countries shows that several required changes entail reaching political consensus, reforming existing institutions, or creating new institutions. This suggests that a realistic timetable for improvement in public financial accountability will have to stretch over several years and will depend on strong leadership from the top. The most important areas for action are: bringing revenues under the scope of independent external auditors; introducing the concept of internal audit; strengthening the capacity of the Accounting Chamber to conduct financial statement audits; strengthening the accountability of state owned enterprises; introducing international accounting standards for selected enterprises; adopting international best practices for licensing of audit professionals; and strengthening the disciplinary committee of the Chamber of Auditors to provide effective oversight. Other measures needed are to: train deparmtnetal staff in implementing program budgeting; fully implementing the Budget Code; expediting the implementing of the Treasury modernization project; and implementing standardized automated accounting and reporting systems. 2013-08-27T14:46:31Z 2013-08-27T14:46:31Z 2001-10-15 http://documents.worldbank.org/curated/en/2001/10/2011688/ukraine-country-financial-accountability-assessment-cfaa http://hdl.handle.net/10986/15365 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 Ukraine |