FINANCIAL CONTROL IN PUBLIC PROCUREMENT: CHALLENGES AND DIRECTIONS FOR THEIR RESOLUTION
DOI:
https://doi.org/10.5281/zenodo.21853222Abstract
This article examines the theoretical foundations of financial control in public procurement, its
current challenges, and directions for addressing them. Systematic, comparative, correlation, and regression
analyses reveal a positive relationship between the volume of competitive procurement and the amount of funds
saved. Weak information exchange among oversight bodies, limited preventive control, and underdeveloped
automated risk-analysis capabilities are identified as the principal challenges. To address them, the article
proposes an integrated digital control model, an automated risk profile, a reference-price system, and a
mechanism for monitoring the implementation of audit results.
Keywords
public procurement, financial control, public audit, risk-based control, digital monitoring, competitive procurement, reference price, public funds.References
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