Audit of the federal budget is one of the key tasks of the Accounts Chamber of the Russian Federation. This process consists of three stages: preliminary audit, operational analysis and follow-up control.
During the preliminary audit, a conclusion on the draft of a future budget is prepared. Before the start of the new year, the Accounts Chamber considers whether the drafts of the federal budget, as well as those of the budgets of the Federal Compulsory Medical Insurance Fund (FCMIF), the Pension Fund of Russia (PFR) and the Social Insurance Fund (SIF) comply with the legislation. The validity and reliability of indicators, quality of income and expenditure forecasting, investment and debt policy are evaluated. At this stage, the Accounts Chamber tries to identify and prevent future violations.
As part of the operational analysis, the Accounts Chamber prepares monthly performance reports, and provides a general quarterly report every three months. The Accounts Chamber monitors the timely flow of revenues to the federal budget, FCMIF, PFR and SIF, identifies violations and suggests ways to eliminate them. This allows to get the most comprehensive information about the current economic situation and the state of individual industries.
By September 1 of each year, the Accounts Chamber prepares a conclusion for the government's report on the budget execution for the previous year (for example, the conclusion on the report for 2018 is issued on September 1, 2019). The document is forwarded to the State Duma and the Federation Council, and the Accounts Chamber reports discovered violations to the law enforcement agencies.