MUNICIPAL AUDIT: THEORY AND PRACTICE

The role and importance of the independent assessment of standardized information provided by public officers associated with the formation and use of municipal funds to ensure legality, reliability, and compliance with established performance criteria are constantly increasing worldwide. It is this form of financial control meets municipal management concept and allows evaluation of the effectiveness of their activities. Municipal audit can improve the quality of information received by consumers and gives the opportunity to improve the quality of financial management budget institution of municipal enterprise and the entire municipality as a whole.