Integration of environmental criteria into the performance audit of the state investment policy of Kazakhstan

Abstract

In the context of the active transition of the Republic of Kazakhstan to a "green economy", there is an increasing need to improve the system of state audit aimed at assessing the effectiveness of the implementation of state investment policy, taking into account environmental priorities. The purpose of this study is to develop approaches to performance audit of public investments with an emphasis on their contribution to sustainable development. The work includes an analysis of the regulatory framework, procedural auditing standards, as well as criteria applicable to the assessment of "green" investments. The scientific novelty of the research lies in the proposal of an adapted system of criteria and performance indicators based on procedural standards and the experience of supreme audit institutions. The methodology is based on a systematic and comparative legal analysis, as well as a logical method. As a result, a methodological framework for auditing has been formed, taking into account the environmental aspects of public investment activities. The practical significance of the study lies in the possibility of applying the developed recommendations in the work of the Supreme Audit Chamber of the Republic of Kazakhstan and other state audit bodies. Based on the results of the study, recommendations are given on the regulatory consolidation of the requirements of the environmental aspects of performance audit, the development of the potential of environmental expertise of state auditors, and the improvement of interdepartmental coordination between state audit, planning, and environmental control bodies. These measures will contribute to the formation of a more objective and comprehensive assessment of public investment policy in the context of the development of the "green economy".