ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of March 3, 2007 No. 87

About the Strategy of development of the state internal financial control in the Republic of Tajikistan

According to article 13 of the Constitutional Law of the Republic of Tajikistan "About the Government of the Republic of Tajikistan", the Government of the Republic of Tajikistan decides:

1. Approve the enclosed Strategy of development of the state internal financial control in the Republic of Tajikistan.

2. To the Ministry of Finance together with the Ministry of Economic Development and Trade of the Republic of Tajikistan, the Ministry of Labour and Social Protection of the population of the Republic of Tajikistan, the Ministry of Education of the Republic of Tajikistan, the Ministry of Agriculture and Environment of the Republic of Tajikistan, the Ministry of Health of the Republic of Tajikistan, Agency on the state financial control and fight against corruption of the Republic of Tajikistan and the Tax Committee under the Government of the Republic of Tajikistan to take necessary measures for strategy implementation of development of the state internal financial control in the Republic of Tajikistan.

Approved by the Order of the Government of the Republic of Tajikistan of March 3, 2007 No. 87

The strategy of development of the state internal financial control in the Republic of Tajikistan

Introduction

Efficiency, transparency and accountability of use of the allocated national resource and the foreign economic help is of great importance for reducing poverty and improvement of public welfare in Tajikistan. For continuation of promotion in this direction to the Government of Tajikistan, it is necessary to develop modern standards of the state administration and ensuring system improvement of work.

The purpose of this strategy to provide basic elements of concept of the state internal financial control, to analyze moment condition of system of the state internal financial control in the Republic of Tajikistan, to describe future measures which need to be undertaken for development of system of the state internal financial control and to determine time necessary for their appendix.

This document is developed according to the legislation of the Republic of Tajikistan. Matrixes of reforms of policy, the work plan and the schedule were officially signed the financial agreement for 2006 the European Commission and the Government of the Republic of Tajikistan on October 5, 2006.

I. Basic elements of Strategy of the state internal financial control

The term the state internal financial control is used by the European commission and belongs to the complete consolidated system entered for the purpose of management, observation, control and audit of national means and means of the European Union. The system consists of the following basic elements:

- system of financial management and control;

- functionally substantive internal audit.

II. System of financial management and control

1. Purposes of financial management and control

Implementation, development and carrying out stable System of financial management and control in organizations, including implementation of rules for economical, useful and effective use of cash resources is obligation of the Head of the organization who distributes certain functions between certain workers, but the shared responsibility for their activities is conferred on it. On the basis of the submitted reports of these workers, the head determines efficiency of functioning of organization and the correct application of the rights and obligations.

The head of organization, creating suitable organizational structure, is responsible for ensuring distribution of obligations among heads of structural divisions. It is responsible for implementation of effective internal control and goal achievement of the organization.

The internal control system helps to mitigate risk and provides reasonable confidence that the organization will be able to achieve the goals in the legal, transparent, economical, effective way. The head shall provide application of measures of internal control on the basis of the corresponding risk analysis, in view of specifics of the organization.

That measures of internal control were more effective, they shall correspond to three main criteria:

- compliance - the correct control measure in the correct place and according to the estimated risk;

- continuity - functioning according to the plan;

- efficiency concerning expenses.

Main objective of financial management and control is providing:

- success in goal achievement and tasks of the organization;

- reliability, reliability, timeliness and integrity of information, in particular financial information;

- observance of rules, plans, procedures, laws and regulations;

- preserving assets and property;

- economical, effective and useful use of resources.

The management system consists from:

- independent functions of preliminary and subsequent financial control;

- accounting function (for the correct conducting financial accounting and the reporting);

- procedures of development, processing and storage of financial and other documentation;

- other procedures, as well as corresponding working documentation (function charts, job descriptions, working benefits and instructions, etc.).

2. Preliminary financial control

Preliminary financial control is carried out for the purpose of ensuring compliance of activities with the laws, statutory and internal documents, decisions and agreements to their conclusion. It is set of the preventive measures of control necessary for acceptance of finance solutions, obligations, holding procedures in the field of public procurements and related payments and return of means which should not have been paid.

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