Ukraine—Strengthening Capacities in External Audit in Line with International Standards

Client: European Union

Duration: 2020-2022

Region: Eastern Europe and Central Asia

Country: Ukraine

Solutions: Governance

Strong and efficient public financial management (PFM) is key for sustained economic growth and efficient provision of public services in Ukraine. The government adopted its 2017 PFM strategy to develop a modern system to efficiently provide public services and allocate resources to align with development priorities.

The external audit is an explicit part of the PFM strategy. However, the organizational and institutional capacities of Ukraine’s Supreme Audit Institution, the Accounting Chamber of Ukraine (ACU), require further strengthening and development.

This European Union project supports the ACU to reform its external audit of budgetary funds in line with the government’s PFM strategy and action plan. One of the project’s main goals is to strengthen the ACU’s institutional external audit capacities to be consistent with international principles and standards. Project components address legislative approximation and regulatory changes, institutional development, improvement of audit methodology, and strengthening follow-up mechanisms and communication on the main results of the ACU’s work.

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Sample Activities

  • Support the update and implementation of the ACU’s institutional development strategy.
  • Help develop compliance and performance audit manuals that describe the standard audit processes, tools, templates, and methods at each stage of the audit process and meet international standards.
  • Improve the ACU’s strategic and operational planning, internal control, and process management and accountability systems.
  • Develop recommendations and support the implementation of modern audit planning through a risk-oriented approach to planning public external financial control (audit) measures.
  • Support specialized audit capacity building by conducting joint audits with supreme audit institutions of other countries and developing methodological improvements in relevant areas.
  • Update and support the implementation of ACU’s communication strategy.


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