Goreglyad Valery

The article considers the problems of economic growth through the prism of the efficiency of the public audit. Special attention is paid to the reasons of the ineffectiveness of the independent audit and improvement of its effectiveness and quality. Key risk factors in the field of internal audit are identified.

The author substantiates the necessity of creation of a unified system of the state financial control that must have both clear goals and achievement plans, as well as the institutional mechanism of their implementation. The financial control is stated as an owner’s rights protection institution. The presented level scheme of the owner’s interests protection, whether state or private, is based on the above - mentioned postulate. It is noted that a compromise in the inevitable conflict of interests of public and private property must be reached through the special institutions (rules and procedures), allowing to minimize its negative effects, without opposing these interests, but creating a unified set of goals of interests protection.