ORDER OF THE MINISTRY OF FINANCE OF THE RUSSIAN FEDERATION

of September 1, 2021 No. 120n

About approval of the federal standard of internal financial audit "Implementation of internal financial audit for the purpose of confirmation of reliability of budget reports and compliance of procedure for conducting budget accounting of single methodology of budget accounting, creation, representation and approval of budget reports" and about introduction of amendments to some Orders of the Ministry of Finance of the Russian Federation concerning implementation of internal financial audit

According to Item 5 of Article 160.2-1 and the paragraph the forty fifth Article 165 of the Budget code of the Russian Federation (Russian Federation Code, 1998, No. 31, Art. 3823; 2020, 30, of the Art. 4742) I order to No.:

Approve:

the federal standard of internal financial audit "Implementation of internal financial audit for the purpose of confirmation of reliability of budget reports and compliance of procedure for conducting budget accounting of single methodology of budget accounting, creation, representation and approval of budget reports" according to appendix No. 1 to this order;

changes which are made to some orders of the Ministry of Finance of the Russian Federation concerning implementation of internal financial audit, according to appendix No. 2 to this order.

Appendix №1

to the Order of the Ministry of Finance of the Russian Federation of September 1, 2021 No. 120n

Federal standard of internal financial audit "Implementation of internal financial audit for the purpose of confirmation of reliability of budget reports and compliance of procedure for conducting budget accounting of single methodology of budget accounting, creation, representation and approval of budget reports"

I. General provisions

1. This Standard is developed according to Item 5 of Article 160.2-1 of the Budget code of the Russian Federation and is applied by officials (workers) of the main managers of budgetary funds, chief managers of budget receipts, chief managers of sources of financing of budget deficit (further - the chief manager of budgetary funds), managers of budgetary funds, receivers of budgetary funds, administrators of budget receipts, administrators of sources of financing of budget deficit (further - the administrator of budgetary funds) when implementing internal financial audit and determines procedure for planning, carrying out and realization of results of auditor actions which purpose is confirmation of reliability of budget reports and compliance of procedure for conducting budget accounting of single methodology of budget accounting, creation, representation and approval of budget reports, and also to the departmental (internal) acts accepted according to Item 5 of Article 264.1 of the Budget code of the Russian Federation (further respectively - auditor action, confirmation of reliability of budget reports, single methodology of accounting and the reporting).

2. This Standard is applied when planning, carrying out and realization of results of auditor action, including in conditions:

a) adoptions of the stipulated in Item Budget code of the 6th Article 264.1 of the Russian Federation (Russian Federation Code, 1998, No. 31, Art. 3823; 2019, No. 30, the Art. 4101) decisions of the Government of the Russian Federation, the supreme executive body of the subject of the Russian Federation, local administration on transfer according to the Federal Treasury, financial body of the subject of the Russian Federation, financial body of the municipality (further - authorized body) powers according to federal executive bodies, executive bodies of subjects of the Russian Federation, bodies of local administration (their territorial authorities, subordinated state organizations) on charge to physical persons of payments for compensation and other payments, and also the related obligatory payments in budgets of budget system of the Russian Federation and to their transfer, on conducting budget accounting, including creation and submission of budget reports, consolidated statements of budget and autonomous institutions, other obligatory reporting created based on data of budget accounting on ensuring submission of such reporting to the relevant state (municipal) organs (further respectively - the decision on transfer of the centralized powers, the centralized powers);

b) stipulated in Item 10.1 Article 161 of the Budget code of the Russian Federation (Russian Federation Code, 1998, No. 31, Art. 3823; 2020, No. 29, the Art. 4502) transfers of powers by state organization on conducting budget accounting and forming of budget reports to other public (municipal) institution (centralized accounts department) (further - authorized organization).

Provisions of this Standard are applied along with application of provisions of the federal standard of internal financial audit "Planning and carrying out internal financial audit" <1> and the federal standard of internal financial audit "Realization of results of internal financial audit" <2>.

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<1> The federal standard of internal financial audit "Planning and carrying out internal financial audit" approved by the order of the Ministry of Finance of the Russian Federation of 05.08.2020 No. 160n (it is registered by the Ministry of Justice of the Russian Federation on August 31, 2020, registration No. 59596) with the changes made by the order of the Ministry of Finance of the Russian Federation of 11.11.2020 No. 263n (registration No. 61364) is registered by the Ministry of Justice of the Russian Federation on December 9, 2020.

<2> The federal standard of internal financial audit "Realization of results of internal financial audit" approved by the order of the Ministry of Finance of the Russian Federation of 22.05.2020 No. 91n (registration No. 58746) is registered by the Ministry of Justice of the Russian Federation on June 23, 2020.

3. For the purpose of this Standard terms in the values determined by the federal standard of internal financial audit "Determinations, the principles and tasks of internal financial audit">, and also terms, definitions which are given in other regulatory legal acts, in the same value in what they are used in these regulatory legal acts <4> are applied.

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<3> the Federal standard of internal financial audit "Determinations, the principles and tasks of internal financial audit", approved by the order of the Ministry of Finance of the Russian Federation of 21.11.2019 No. 196n (registration No. 56863) is registered by the Ministry of Justice of the Russian Federation on December 18, 2019.

<4> The federal accounting standard for the organizations of public sector "Conceptual bases of financial accounting and the reporting of the organizations of public sector" approved by the order of the Ministry of Finance of the Russian Federation of 31.12.2016 No. 256n (it is registered by the Ministry of Justice of the Russian Federation on April 27, 2017, registration No. 46517) with the changes made by orders of the Ministry of Finance of the Russian Federation of 10.06.2019 No. 94n (registration No. 55140) is registered by the Ministry of Justice of the Russian Federation on July 4, 2019, of 30.06.2020 No. 130n (registration No. 59804) is registered by the Ministry of Justice of the Russian Federation on September 14, 2020;

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