ON THE ISSUE OF IMPROVING THE LEGAL REGULATION OF STATE FINANCIAL CONTROL IN THE CONTEXT OF DIGITALIZATION

We consider the impact of automation processes on the implementation of external financial control. We study the practical application features of new sources of data analysis – state information systems. In particular, the legal regulation of the functioning of such systems and their use for financial control purposes. We present methods for collecting and analyzing big data in order to improve the legal regulation of the budgetary process, as well as the law enforcement practice of using big data arising in the process of digitalization of the control and supervisory activities of external financial control bodies. We focus on the fact that big data analysis methods (for example, spatial analysis, social network analysis, machine learning, etc.) can be used to implement state financial control over the activities of nonprofit organizations. We find that improved methods of collecting and analyzing data helps not only to respond flexibly to sudden changes and make faster and more accurate decisions, but also to use large databases, which, in turn, allows us to move from monitoring the legality of spending to analyzing the effectiveness of use financial resources of the state. Based on the given examples, we conclude that automation contributes to improving the methods of state financial control.