The Accounts Chamber exercises external public audit (control) in respect of federal government agencies, agencies of government extra-budgetary funds, the Central Bank of the Russian Federation, federal government institutions, federal government unitary enterprises, state-owned corporations and state-owned companies, economic partnerships and societies with the participation of the Russian Federation in their authorized (share) capitals, government bodies in the constituent entities of the Russian Federation, and local self-government bodies within its competence pursuant to the Budget Code of the Russian Federation and the Federal Law “On the Accounts Chamber of the Russian Federation.”
In addition, the Accounts Chamber carries out external government financial audit (control) in respect of legal entities, individual entrepreneurs, and individuals (producers of goods, works and services) in the event they receive, under the terms of contracts, federal budget funds and government guarantees of the Russian Federation or they use federal property. The audited entities also include lending organizations carrying out certain operations with the federal budget funds.
In accordance with instructions of the Federation Council and the State Duma, as well as requests of the President of the Russian Federation and the Government of the Russian Federation, the Accounts Chamber may carry out external government audit (control) in respect of other organizations.
All audited (controlled) entities and their officials are duty-bound to furnish information, documents and materials necessary for control, expert and analytical activities, the performance of goals and functions of the Accounts Chamber. Illegitimate refusal to submit to the Accounts Chamber (its official) information (documents, materials) necessary to carry out its activities, or avoidance of this duty, as well as submission of knowingly fraudulent information, if these acts have been committed by an official who is duty-bound to submit such information, entail responsibility in accordance with the legislation of the Russian Federation.
Control, expert and analytical activities of the Accounts Chamber are carried out by means of control, expert and analytical events such as preliminary audit, operational analysis, control, and follow-up audit (control) in compliance with the external public audit (control) standards approved by the Accounts Chamber.
The Accounts Chamber reports the results of control, expert and analytical activities to the Federation Council and the State Duma, communicates them to the heads of relevant federal bodies of executive power, other government bodies, local self-government bodies, organizations and institutions. Should evidence point to the essential elements of an offence, relevant materials are passed on to the law-enforcement bodies. Law enforcement bodies shall provide the Accounts Chamber with information on the progress of review and decisions made based on the materials submitted by the Accounts Chamber.