Publication:
Russian Federation : Country Financial Accountability Assessment

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-07-31T20:22:13Z
dc.date.available2013-07-31T20:22:13Z
dc.date.issued2003-09-16
dc.description.abstractThis CFAA concentrates, by design, on federal-level public sector financial management in the Russian Federation. Its results feed into the fiduciary discussion presented in the new Russian Federation Country Assistance Strategy (CAS), and into the Core Integrative Fiduciary Assessment (CIFA). In budget management the CFAA recommends 1) strengthening the strategy phase of budget preparation to link macroeconomic resource constraints and sectoral and program targets; 2) adopting a uniform, simplified budget coding structure; 3) adopting a more participatory approach to budget planning and formulation; 4) introducing accounting principles by entities with extra-budgetary funds and preparing reports that are compatible with Treasury accounts and fiscal reporting; 5) preparing a program of institutional development for the MOF and applying modem information technology; and 6) amending the chart of accounts (COA) to fully reflect the budget classification. The development and implementation of a full-function Treasury system will take several years and is not expected to become fully operational before 2004/05. In the interim, the CFAA recommends immediate implementation of an improved system of expenditure monitoring, extension of Treasury control of expenditure commitments to all items of the economic expenditure classification, and replacement of weekly cash finding limits by monthly funding of established expenditure commitments. In accounting and financial reporting, some recommendations are to 0 review of existing budget classifications and coding structures and design of a revised structure and COA that conform with the IMF GFS classification; and to integrate the two existing coding systems. To improve internal controls and internal auditing, the report recommends regarding the internal audit as an important management tool, shifting to a new model, based on service orientation and performance/risk assessment, internal audit functions becoming independent from other organizational and functional departments, staff reporting directly to the head of the organization, regulating the entity by an audit charter, and audit functions be carried out by multi-disciplinary teams. As for external audits, the CFAA strongly supports the Chambers' program of institutional and methodological improvements, in particular its preparation of a long- term plan to assess public institutions' performance (value for money) in the use of public funds. Finally, the CFAA finds that the World Bank is adequately discharging its financial management fiduciary responsibilities with respect to its lending operations. The CFAA risk assessment concludes that the current ring-fencing approach to project implementation arrangements should be maintained, recognizing that--based on the effective operationalization of the reforms being introduced in public financial accountability--the present arrangements could in due course be subject to revision.en
dc.identifierhttp://documents.worldbank.org/curated/en/2003/09/2693403/russian-federation-country-financial-accountability-assessment
dc.identifier.doi10.1596/14698
dc.identifier.urihttps://hdl.handle.net/10986/14698
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectPOLITICAL ACCOUNTABILITY
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.subjectBUDGET EXECUTION
dc.subjectEXPENDITURE ANALYSIS
dc.subjectRESOURCE ALLOCATION PROCESSES
dc.subjectPOVERTY REDUCTION OBJECTIVES
dc.subjectFINANCIAL MANAGEMENT SYSTEMS
dc.subjectINTERNAL AUDIT
dc.subjectPROCUREMENT
dc.subjectALLOCATION OF RESOURCES
dc.subjectBUDGET MONITORING
dc.subjectBUDGET IMPLEMENTATION
dc.subjectFINANCIAL REPORTING STANDARDS
dc.subjectGOVERNMENT ACCOUNTING
dc.subjectINFORMATION TECHNOLOGY
dc.subjectAUDITING
dc.subjectCORRUPT PRACTICES
dc.subjectCUSTOMS ADMINISTRATION
dc.subjectOFF-BUDGET SUBSIDIES
dc.subjectSUBNATIONAL FINANCES
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectLEGAL FRAMEWORK ACCOUNT
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTANTS
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRINCIPLES
dc.subjectACCOUNTS
dc.subjectADMINISTRATIVE REGIONS
dc.subjectANTI- CORRUPTION
dc.subjectAUDITING
dc.subjectAUDITING STANDARDS
dc.subjectAUTHORIZATION
dc.subjectBALANCE SHEET
dc.subjectBANKING SECTOR
dc.subjectBANKING SUPERVISION
dc.subjectBANKING SYSTEM
dc.subjectBILLS
dc.subjectBOOKKEEPING
dc.subjectBORROWING
dc.subjectBUDGET CLASSIFICATION
dc.subjectBUDGET EXECUTION
dc.subjectBUDGET FINANCING
dc.subjectBUDGET FORMULATION
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGET PERFORMANCE
dc.subjectBUDGET PROCESS
dc.subjectBUDGET REVENUES
dc.subjectBUDGETARY FUNDS
dc.subjectBUDGETARY ORGANIZATIONS
dc.subjectBUDGETING
dc.subjectBUSINESS PROCESSES
dc.subjectCASH FLOWS
dc.subjectCASH MANAGEMENT
dc.subjectCENTRAL GOVERNMENT
dc.subjectCHECKING
dc.subjectCITIZENS
dc.subjectCONSENSUS
dc.subjectCONSOLIDATION
dc.subjectCONSTITUTION
dc.subjectCORPORATE GOVERNANCE
dc.subjectDEBT
dc.subjectDECISION MAKING
dc.subjectDEMOCRACY
dc.subjectDISTRICTS
dc.subjectECONOMIC GROWTH
dc.subjectEXECUTION
dc.subjectEXPENDITURES
dc.subjectFEDERAL GOVERNMENT
dc.subjectFEDERAL GOVERNMENT CONTROL
dc.subjectFINANCIAL ACCOUNTABILITY
dc.subjectFINANCIAL ADMINISTRATION
dc.subjectFINANCIAL CONTROL
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MANAGEMENT SYSTEMS
dc.subjectFINANCIAL REPORTING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL STATEMENTS
dc.subjectFISCAL
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL REFORM
dc.subjectFISCAL TRANSPARENCY
dc.subjectGOVERNMENT ACCOUNTING
dc.subjectGOVERNMENT AGENCIES
dc.subjectGOVERNMENT AGENCY
dc.subjectGOVERNMENT FINANCE
dc.subjectGOVERNMENT LEVEL
dc.subjectGOVERNMENT MINISTRIES
dc.subjectGOVERNMENTAL ORGANIZATION
dc.subjectHARD BUDGET CONSTRAINTS
dc.subjectHUMAN RESOURCES
dc.subjectINSOLVENCY
dc.subjectINSTITUTIONAL DEVELOPMENT
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINSTITUTIONAL REFORMS
dc.subjectINTERNAL AUDIT
dc.subjectINTERNAL AUDIT FUNCTION
dc.subjectINTERNAL AUDITING
dc.subjectINTERNAL CONTROLS
dc.subjectJUDICIARY
dc.subjectLEGISLATION
dc.subjectLEGISLATURE
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLOWER HOUSE
dc.subjectMINISTRY OF FINANCE
dc.subjectMUNICIPALITIES
dc.subjectNATIONAL GOVERNMENTS
dc.subjectNATIONAL LEVEL
dc.subjectOLIGARCHY
dc.subjectPRIVATE SECTOR
dc.subjectPROCUREMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectPUBLIC EXPENDITURE REVIEWS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC FINANCE MANAGEMENT
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC INSTITUTIONS
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC RESOURCES
dc.subjectPUBLIC SECTOR
dc.subjectPUBLIC SECTOR ACCOUNTING
dc.subjectPUBLIC SECTOR REFORM
dc.subjectQUALITY ASSURANCE
dc.subjectREPRESENTATIVES
dc.subjectREPUBLICS
dc.subjectREVENUE MANAGEMENT
dc.subjectRISK OF FRAUD
dc.subjectSOCIAL INSURANCE
dc.subjectSOCIAL POLICY
dc.subjectSTATE AGENCIES
dc.subjectTAX
dc.subjectTAX ADMINISTRATION
dc.subjectTAX COLLECTION
dc.subjectTAX COLLECTIONS
dc.subjectTAX LAWS
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTOWNSHIPS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTREASURY OPERATIONS
dc.subjectUPPER HOUSE
dc.titleRussian Federation : Country Financial Accountability Assessmenten
dspace.entity.typePublication
okr.crosscuttingsolutionareaPublic-Private Partnerships
okr.date.doiregistration2025-05-07T08:55:47.865087Z
okr.doctypeEconomic & Sector Work::Country Financial Accountability Assessment
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2003/09/2693403/russian-federation-country-financial-accountability-assessment
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid649221468776094020
okr.guid965331468758968171
okr.identifier.externaldocumentum000160016_20031110104804
okr.identifier.internaldocumentum2693403
okr.identifier.report26839
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2003/11/10/000160016_20031110104804/Rendered/PDF/268390RU.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryRussian Federation
okr.sectorPublic Administration, Law, and Justice :: General public administration sector
okr.sectorFinance :: General finance sector
okr.topicPrivate Sector Development::Business Environment
okr.topicBanks and Banking Reform
okr.topicGovernance::National Governance
okr.topicPublic Sector Economics and Finance
okr.topicPrivate Sector Development::Business in Development
okr.topicFinance and Financial Sector Development
okr.unitOperations Policy and Services (ECSPS)
okr.volume1 of 1
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