The practice of remote identification and risk assessment of non-compliance with budget legislation in the activities of public institutions is expanding in Kazakhstan. This approach allows for the timely detection of potential violations and the taking of preventive measures without the need for on-site inspections.

One of the key tools in this work is the risk management system, which enables the online analysis of financial and accounting operations of public institutions.

This work is carried out by the Internal State Audit Committee of the Ministry of Finance of the Republic of Kazakhstan. This year, the Committee not only continued online monitoring of the budget expenditure side but also scaled up the analysis of accounting operations.

Today, remote monitoring covers 14,000 public institutions. 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 amounting to 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 the response directly within the accounting process, before the formation of financial statements.

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

 "Digital data allows us to see the state of accounting in real time. Instead of subsequent detection of an already committed violation, it has become possible to respond in a timely manner at the stage when actions or inactions of institutions arise that could lead to financial violations, waste of budget funds, and economic damage to the state" – noted Committee Chairman 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, the 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/1291875?lang=ru