State Financial Control in the Digital Economy: Legal Aspects of Concept Transformation

The study examines the problematic of transforming state financial control in the conditions of the digital economy. The author conducts an analysis of the necessity to modernize the definition of the concept “state financial control” considering the implementation of digital technologies and artificial intelligence. Particular attention is paid to substantiating the importance of transitioning from fragmentary study of individual digital technologies to systemic conceptualization of digital state financial control through expansion of the control subject, implementation of a system of digital triggers, and comprehensive consideration of cybersecurity assurance issues. The author defines the digitalization of state financial control as a comprehensive legal regime that establishes the application of digital technologies for automation, optimization, enhancement of timeliness and effectiveness of control procedures over the use of state financial resources. Within this regime, key roles are played by such technologies as big data, artificial intelligence, blockchain, and electronic document management, which enable continuous monitoring, minimization of human factor, and prompt identification of financial risks and violations.