FEATURES OF THE AUDIT OF THE EFFECTIVENESS OF ASSET MANAGEMENT OF NATIONAL COMPANIES

Lyazzat Kudabayeva, Karlygash Abdykulova, Diloram Zhunussova, Elmira Balapanova, Gaukhar Amangeldievna Saimagambetova

2023

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DOI 10.32014/2023.2518-1467.601
Data confidence 70 medium
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Abstract

Research in the field of state audit of the effectiveness of asset management of national companies, in particular, JSC «National Welfare Fund «Samruk-Kazyna» is relevant in the modern economic environment of Kazakhstan, this is due to changes in the global economy and the domestic economic situation in Kazakhstan, which requires an audit and evaluation of the effectiveness of asset management to optimize their use and profit maximization. In addition, in conditions of economic instability, when state budgets are becoming more and more limited, effective management of state assets becomes even more important. Optimizing the use of assets can help increase government revenues, which in turn can contribute to economic growth and improve the quality of life of the population. ISSAI standards establish generally accepted principles and procedures for conducting state audit, which makes this topic even more relevant, while the issues of state audit of asset management efficiency are insufficiently studied in the modern world (INTOSAI). At the same time, today the assets of JSC «National Welfare Fund «Samruk-Kazyna» are becoming more and more valuable and are a key resource for its successful operation, and conducting a state audit of the effectiveness of asset management can lead to improved management of state assets and increased economic efficiency in Kazakhstan, which determines the relevance of this research. The purpose of this article is to provide comprehensive coverage of the theoretical and practical aspects of the effectiveness of asset management of the quasi-public sector and to develop measures to improve the asset management of JSC «National Welfare Fund «Samruk-Kazyna».