Development of a risk-based approach to assessing budget procedures during smart control

The development of instrumental and methodological support for public financial control fairly determines the transformation of the entire public finance management system, which, in turn, determines the development of SMART control in the financial and budgetary sphere. SMART control is implemented in an automated environment, representing a subsystem of the State Information System “Electronic Budget”. In this regard, it is necessary to improve the instrumental, methodological and accounting and control support of the SMART control system in terms of analyzing the implementation of budget procedures and assessing budget risks, which determined the content of this study: the elements of a risk-oriented approach in the SMART control system are substantiated and disclosed; a risk management matrix for budget procedures for the purposes of SMART control is proposed; a mechanism for rating risk-intensive budget procedures is defined; an adapted Deming-Shewhart cycle (PDCA) in the SMART control risk management system is presented.