Control bodies: competence levels

The article is devoted to the urgent topic of the organization of control activities. The purpose of the article is to reveal problems and substantiate proposals on its improvement. The major shortcomings include duplication of authority of the control bodies, fragmentation of control functions, weak inter-institutional cooperation. The results of non-optimal organization lead to higher costs of financial and human resources inspection, increase of administrative pressure on the national economy. The author gives specific examples, substantiates need for an explicit use of the terms "control", "supervision", "audit", "monitoring" in legislation. Special attention is paid to the organization of the state (municipal) financial control. This is an area of the most acute issues of delineation of competence and interaction and coordination between control authority established by the legislative (representative) and executive powers. The author examines the legal nature of the external financial control bodies, highlights the objectives of their activity and analyzes their authority. The author proposes measures to optimize the interaction of external and internal control. The model of the organization of financial control that would prevent duplication of control bodies and optimize the number of their employees is proved.