Principles and methods of internal financial control (audit) of the performance of a state institution

The priority areas of public sector institutions in Russia are ensuring information transparency and rational and efficient use of budget funds. The organization of effective internal financial control and internal financial audit is a necessary condition for achieving the current and strategic goals of public sector institutions. Control measures allow you to identify the risks of reducing the effectiveness of the state institution and the factors that determine the causes of their occurrence. The ability to adjust management decisions, identify which areas increase the efficiency of the state institution, ensure the achievement of the goals of economy and efficiency of the use of budget funds exists on the basis of the results of internal financial control (audit). The article discusses the main principles and methods of internal financial control (audit) of a state institution. The main attention is paid to the methodology for evaluating the effectiveness of budget funds use based on the balanced scorecard (BSC) model. The methodology is aimed at evaluating performance using key performance indicators (KPI).