Abasov V. Audit of efficiency of using enterprise resources

An analysis of the evolution of the performance audit essence has been carried out. It has been proved that the performance audit refers to a systematic, purposeful and objective examination of the enterprises' activities of the public administration sector, organized in accordance with the ISSAI norms, which results in an assessment of the efficiency, economy of the use of their resources in the process of exercising their powers and functions, with subsequent informing the Parliament on the conclusions as well as recommendations, aimed at further increasing the responsibility, openness and effectiveness of the enterprises of the public administration sector. The analysis of the regulatory framework as well as the performance audit practice of the Accounting Chamber made it possible to distinguish the main directions of its implementation in conjunction with the criteria for achieving the result by analyzing the relationship between the results of the performance audit in the areas of its implementation. It has been proved that the performance audit can not act as a form of state audit, as it can be carried out both in the process of implementing control measures (previous and next), as well as the implementation of its spatial forms (external or internal).The analysis of the international practice of performance audit as well as standardization of the state audit INTOSAI allowed to form the main methodological principles of its implementation, to determine the advantages of standardization. They are as follows: improving the quality of standardized activities, rationalization and optimization of control procedures as well as processes, ensuring the achievement of the given examination parameters, promoting the dissemination of uniform rules and common approaches, avoiding differences in the interpretation of the same facts, promoting transparency in management, ensuring the availability of reporting information