The Internal State Audit Committee of the Ministry of Finance of the Republic of Kazakhstan is expanding the practice of remote identification and risk assessment of non-compliance with budget legislation in the activities of state institutions.

Along with online monitoring of the budget expenditure side, the analysis of accounting operations has been scaled up this year.

Today, monitoring covers 14,000 state institutions.

This year, based on the risk management system, more than 598 million accounting operations with a total volume of 22 trillion tenge have been analyzed.

Notifications of identified risks totaling approximately 166 billion tenge were promptly sent to budget program administrators, of which 141 billion tenge have already been resolved.

The main advantage of this approach is responding directly within the accounting process, before the formation of financial statements.

Identified discrepancies can be corrected by state institutions even before the data enters the financial statements and affects the reliability of information on assets, liabilities, and financial results, including when forming consolidated financial statements for the republican budget.

 "Digital data allows us to see the state of accounting in real time. Instead of subsequently identifying an already committed violation, it has become possible to respond in a timely manner at the stage when actions or inactions of institutions arise, which could lead to financial violations, waste of budget funds, and economic damage to the state" – noted the Chairman of the Committee, YERZHAN MYNZHASAROV.

The development of digital monitoring is one of the practical directions for implementing the Concept for the Development of Internal State Audit of the Republic of Kazakhstan until 2030, adopted this year.

Among the key benchmarks of the Concept are the further development of a risk-oriented approach, data analytics, and preventive control.

The next stage is the integration of the Committee's digital tools into a unified analytical environment.

For this purpose, an integrated analytical information system for state audit, SMART AUDIT QAZAQSTAN (SAQ), is being implemented.

The system is being implemented in stages from 2026 to 2028 and provides for the introduction of big data analytics using artificial intelligence technologies. The first stage of the project is planned to be completed in early 2027.

Already today, the Committee's digital tools are being expanded for the early detection of potential risks and their prevention.

Source : https://www.gov.kz/memleket/entities/kvga/press/news/details/1290306?lang=ru