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On 30 May, the Budget Committee of the Verkhovna Rada of Ukraine reviewed and approved the Accounting Chamber's Report for 2024. The MPs of the Subcommittee on Public Financial Control and the Activities of the Accounting Chamber of the Budget Committee had also considered the relevant issue earlier.
When presenting the Report, the Chairwoman of the Accounting Chamber Olha Pishchanska outlined some of the institution’s key performance indicators.
- In 2024, the Accounting Chamber audited nearly UAH 3.7 trillion of public funds (almost five times more than in 2023).
- A total of UAH 217.5 billion worth of violations and shortcomings were identified during the management of public finances, which is 3.5 times more than in 2023.
- Following the implementation of audit’s recommendations, the entities under review-eliminated violations totaling over UAH 4.6 billion (nine times the Accounting Chamber’s funding for 2024).
The Chairwoman highlighted security and defense capability as a priority audit area. Six audits were conducted billion during the reporting year and covered UAH 687.3.
“As part of these activities, violations and shortcomings totaling almost UAH 186 billion were identified — accounting for 83% of all such violations and shortcomings uncovered by the Accounting Chamber in 2024,” Olha Pishchanska emphasized.
Other important audit areas covered by the Accounting Chamber include supporting the economy under martial law. In this area, the ACU carried out seven audits and this helps to evaluate how the State has adapted its economic tools to wartime conditions and how effectively they are functioning.
Ms. Pishchanska stressed that audits of international support and audits in sectors prioritized under the Ukraine Facility Plan for reform implementation confirmed that Ukraine complies with agreements with partners and uses the provided funds for the defined purposes.
The Chairwoman of the ACU thanked the Members of Parliament for their cooperation, as the ACU’s audit-based recommendations were considered when drafting five laws, including amendments to Ukraine’s Tax and Customs Codes.
“Our further duty is to ensure maximum financial transparency and accountability in the use of public funds, based on best practices, and to promote its sustainability during the war and in the post-war period. Particular attention is being given to defense and security, social protection and support, the economy and recovery. As for internal tasks, these include further improving audit tools, strengthening the team's intellectual potential, digitally transforming audits, and enhancing interaction with Parliament and the public,” said Olha Pishchanska.
During the discussion, MPs also expressed an interest in the Accounting Chamber’s cooperation with Committees of the VRU, law enforcement agencies and defense sector audits.
Following the review of the Report, the Committee issued a number of recommendations, which were presented by Ihor Molotok, the Chairperson of the Subcommittee on Public Financial Control and Activities of the Accounting Chamber of the Budget Committee. These include:
- improvement of the Accounting Chamber’s activities in accordance with the INTOSAI Framework of Professional Pronouncements (IFPP) requirements and the Accounting Chamber Development Strategy for 2025–2029.
- organizational, informational and legal support measures to implement the new powers of the Accounting Chamber as set out in legislative amendments;
- strengthening cooperation with relevant parliamentary committees to increase consideration of the Accounting Chamber’s audit decisions, ensuring broad public discussion of the results and proper implementation of recommendations.
On 30 April, the Accounting Chamber approved the Activity Report for 2024. Last year, the ACU audited 304 entities and approved 54 audit reports. 90% of these audits were conducted in accordance with the International Standards of Supreme Audit Institutions (ISSAI).
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