Ефективността на финансовия контрол – инструмент за ограничаване на корупцията
The Effectiveness of Financial Control – As a Tool for Curbing Corruption

Author(s): Evgeni Baltov
Subject(s): Politics / Political Sciences, Economy, Business Economy / Management, Public Administration, Public Law, Public Finances, Accounting - Business Administration, Corruption - Transparency - Anti-Corruption
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: corruption; prevention; financial control
Summary/Abstract: This report examines the effectiveness of financial control as a tool for limiting corruption practices. In the context of increased requirements for transparency and accountability in the management of public funds, financial control plays a primary role in preventing violations related to corruption and misuse of resources. The aim of the study is to analyze the relationship between financial control systems and the degree of corruption risk in institutions. The methodological approach includes a comparative analysis of the regulatory framework, control mechanisms and good practices within the European Union and Bulgaria. The results of the analysis show that the effectiveness of financial control depends on several important factors such as: the independence of control bodies, the professional competence of auditors, the level of digitalization and the degree of public control.

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