Ukrainian State Limits Control over Business Entities
OREANDA-NEWS. December 25, 2012. The Cabinet of Ministers of Ukraine has canceled another form of financial control - state financial audit of individual business transactions.
The reason for this decision is the implementation of Ukraine's course for deregulation of the domestic economy. In particular - the compliance program of economic reforms for 2010-2014 "rich society, competitive economy, effective state," approved by the President of Ukraine, Viktor Yanukovych, on restricted fiscal pressure on businesses and government interference in their activities.
Thereby the constant presence of state auditors on the state-owned enterprises, which are the objects of control and the need to agree with them payment of orders before they were signed by the head of entity were canceled.
In addition, the decision of the Government aimed at avoiding duplication of regulatory functions.
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