FINANCIAL (STATE) AUDIT AND THE FIGHT AGAINST CORRUPTION

Abstract

Corruption today, amplified by globalisation, is one of the most serious phenomena threatening the security of public finances and hindering development. It is commonly known that in the global economical competition corruption can be interpreted as a result of several factors. One of them, the risk of corruption is a special, growing factor. Supreme Audit Institutions´ duties are not limited to protecting the financial positions of public finance, a more recent and an increasingly decisive task, also from the point of view of fighting corruption, it is also to investigate the effectiveness and expediency of the services provided from public finance resources in a broader sense, by taking into account the social and public finance interests on a longer run and not only by taking into account vulgar economic efficiency calculations. Based on this, in addition to initiating actual steps in the cases of discovered corrupt practices, errors and actual felony, to make prognoses, it will be possible, to draw the attention to harmful phenomena and to the potential possibilities of `tapping´ the resources of public finance.