The Issues of the Interdependece of Performance Audit and Financial Control in the Public Sector

Traditionally, the functions of financial control in public sector organizations have been targeted at the formation of budgets and, accordingly, the execution of expenditures. However, in recent decades, performance budgeting has been implemented in international practice, which has followed not only the expenditure of financial resources, but also the results expected from them in the public sector. The article discusses the possibilities of integrating the functions of financial control and performance audit in the public sector. In particular, it is proposed to introduce a key performance indicator monitoring system into the traditional financial control toolkit.