IMPROVEMENT OF FINANCIAL LEGISLATION IN THE CONDITIONS OF DIGITALIZATION OF THE FINANCIAL SYSTEM OF UKRAINE – THE NEED FOR TODAY

Abstract

Abstract. The article analyzes some normative legal acts, with the adoption of which digital technologies began to be introduced in the sphere of public financial activity. It is noted that their widespread implementation in the financial system began with the signing of Ukraine's Association Agreement with the European Union and the adoption of the Concept of Digital Economy and Society of Ukraine for 2018-2020 Emphasis is placed on the positive impact of the use of digital technologies on the provision of financial online services, the use of which ensures their high efficiency and standardization. At the same time, some negative aspects were identified: dissemination of inaccurate information, violation of personal information and personal data, cases of complete or partial blocking of government agencies and financial institutions. Some problems of introduction of digital technologies in the sphere of use of public funds are analyzed: improper fulfillment of requirements by state and local bodies on disclosure of information on the use of public funds; lack of real mechanisms to ensure liability for violating this requirement. It is proposed to improve the Budget Code of Ukraine and the Laws of Ukraine «On the Accounting Chamber», «On the openness of the use of public funds» provisions on the publication of the results of control over compliance with budget legislation. The problems of introduction of electronic audit in the sphere of taxation are considered separately. The ways of solving some of them by improving the Law of Ukraine «On Electronic Documents and Electronic Document Circulation», the Tax Code of Ukraine, other regulations on the organization of electronic document management and electronic audits in the field of taxation, as well as providing technical capabilities for implementing software.