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On 30 July, auditors of the Accounting Chamber and the leadership of the Organization for Economic Cooperation and Development (OECD) Office in Ukraine and representatives of its headquarters discussed the coverage of public investment projects in the infrastructure sector by external audit and the mechanisms for implementing audit recommendations during the meeting.
Michal Falenczyk, Head of the OECD Office in Ukraine, Kateryna Penkova, Strategic Affairs Advisor at the OECD Office in Ukraine , and Anna Bilous, Analyst at the OECD Directorate for Public Governance took part in the meeting. as Vasyl Nevidomyi, Acting Secretary of the Accounting Chamber of Ukrainealso participatedalong with state auditors Olena Larionova, Alina Mykhalska, Andrii Maidebura, Natalia Savuliy, and other specialists.
As noted by Michal Falenczyk at the beginning of the meeting, the OECD has been systematically assisting the Government of Ukraine in implementing structural reforms. The organization is currently preparing a Policy Review in the field of infrastructure, and is therefore interested in the approaches of the Accounting Chamber to external audit of public investments and recovery funding.
Vasyl Nevidomyi informed the partners that recovery, compensation for losses caused by the Russia's armed aggression, and the implementation of public investment projects are priority areas for the Accounting Chamber of Ukraine. According to him, within the framework of audits and planning, the Accounting Chamber mainly analyzes the overall directions of budget funds use and the corresponding state policy, but also considers specific investment projects, although their share remains limited.
The partners discussed the results of selected audits conducted by the Accounting Chamber concerning infrastructure recovery and the implementation of recommendations based on those audits. In particular, they spoke about the audit of the consequences of the destruction of the Kakhovka Hydroelectric Power Plant, the restoration of territorial communities affected by the war, the process of distributing funds from Armed Aggression Consequences Elimination Fund, and the audit of how state bodies fulfilled their responsibilities for managing state-owned assets in terms of war-related damages assessment.
During the discussion, special attention was paid to implementing the forthcoming reform of the public investment system, as well as the interaction of public financial control bodies.
As a result, the parties agreed to continue exchanging information on a working basis.
It should be recalled that during the previous meeting between the Accounting Chamber and analysts from the OECD Directorate for Public Governance, the discussion focused on strengthening the independence of the institution and enhancing its capacity in wartime conditions.
