The Essence of the Development of Public Audit in Modern Conditions

The research shows the studies of the Kazakhstan state audit system on the example of the experience of the Republic of Latvia. The quality of the state audit plays an important role for the effectiveness of the states bodies. The state audit includes the policy check in compliance with the international standards and perspectives. In the present research we speak on the existing types of the audit: performance audit, financial audit, statutory audit. There have been studied the achieved results of the state control in the Latvian Republic. The institution of the state audit exists nearly in all the countries in the world and has recently developed particularly dynamically. The state audit's purpose is to control the budgetary funds and to assess legal use of the administrative resources in order to provide for a reasonable, economical and effective use of the funds. In Kazakhstan the institution of the state audit has appeared comparably recently - with the signing by the Head of the state on November 12, 2015 of the laws "On the state audit and financial control" and "On the amendments and additions to several legislative acts on the issues of the states audit and financial control", which were elaborated to realize the Concept of introduction of the state audit in the Republic of Kazakhstan in the light of the international standards.