Summary

SAI Finland prepared a report dedicated to the 200th anniversary of public financial control. The history of public audit in Finland began in 1825, with the establishment of the General Revision Court. In its current form, SAI Finland was formed in the second half of the 20th century, when the agency was tasked with verifying the legality and expediency of central government financial management and state budget execution. Among the key factors affecting its strategic development, SAI Finland lists: • new unprecedented risks facing the national budget system (cyber threats, volatility of tax revenues and government spending, etc.), which must be taken into account when conducting audits and making recommendations; • development of audit methodology (creation of new audit procedures and analysis methods, application of digital technologies); • increasing requirements for government agencies (public bodies must not only comply with the principle of legality, but also meet the requirements of efficiency, openness and ethics of their activity).