Accounting of state institutions under digital control

The Internal Government Audit Committee of the Ministry of Finance of the Republic of Kazakhstan has expanded its online monitoring; the risk management system now analyzes not only budget expenditures but also the accounting transactions of government agencies.

14,000 government agencies are covered by monitoring

 598 million accounting transactions analyzed

22 trillion tenge total transaction volume

 166 billion tenge in identified risks

 141 billion tenge in risks has already been eliminated

The key is to take action before financial statements are prepared. Organizations can address identified risks as early as the accounting stage, thereby preventing distortions in data regarding assets, liabilities, and financial results.

“Digital data allows us to monitor the state of accounting in real time and respond promptly to risks before they lead to financial irregularities and economic damage to the state,” noted Erzhan Mynzhasarov. 

Chairman of the State Audit Committee.

Digital monitoring is being developed within the framework of the Concept for the Development of Internal State Audit until 2030.

The next stage is to combine digital tools into a single analytical environment SMART AUDIT QAZAQSTAN (SAQ) using big data and artificial intelligence technologies.