The Accounting Chamber is a permanent controlling body, which is set up by the Verkhovna Rada (Parliament) of Ukraine, subordinated and responsible to it. The Accounting Chamber operates independently of any other State bodies.

The Accounting Chamber is a legal entity with its own seal having its name and State Coat-of-arms depicted on it. The Accounting Chamber is located in the city of Kyiv.

The tasks of the Accounting Chamber are as follows:

To organise and execute control over timely execution of the expenditure part of the State Budget of Ukraine, spending of budget funds including from national targeted funds, their amounts, structure and targeted allocation;

Execute control over internal and external national debt of Ukraine, judge on appropriateness and efficiency of spending public money; foreign currency and credit and financial recourses;

Execute control over financing national programmes of economic, research and technical, social and cultural development and environmental protection;

Execute control over legality of lending money and rendering economic assistance as envisaged by the State Budget of Ukraine to foreign countries and international organisations;

Execute control over legality and timeliness of the State Budget and over-the budget funds flows at the National Bank of Ukraine and other authorised banks;

(Paragraph 7, Article 2 has lost its force on the grounds of the Constitutional Court ruling # 7-BP (v007p710-97) of December 23, 1997)

Analyse detected deviations from the State Budget indicators and draft proposals on their corrections as well as on improvement of general budgeting process;

Regularly inform the Parliament of Ukraine and its committees about the State Budget execution and situation with redemption of internal and foreign debt of Ukraine, about the results of other controlling activities;

Execute other tasks of the Accounting Chamber according to the current Ukrainian legislation.

The Accounting Chamber shall execute control on the grounds of legality, planning, objectivity, independence and transparency.

This Law covers relations, which emerge in connection to controlling functions of the Accounting Chamber.

The legal framework for setting up and operations of the Accounting Chamber is based on the Constitution of Ukraine, this Law and other legal Acts of Ukraine, which do not contradict provisions of this Law.

The Accounting Chamber, according to the tasks described in Article 2 of this Law shall:

1. Execute control over implementation of Ukrainian laws and resolutions of the Parliament, execution of the State Budget of Ukraine, financing of national programmes at the expense of State Budget funds;
2. If authorised by the Parliament of Ukraine, execute control over the State Budget execution with quarterly split of revenues and expenditures in line with the budget indicators, including expenditures on internal and foreign debt servicing; spending of targeted funds;
3. If authorised by the Ukraine's parliamentary committees, verify appropriateness of spending national targeted funds and over-the-budget funds by executive bodies and as a result of verification submit to the Parliament conclusions on possibilities to cut down expenditures on each fund separately and appropriateness of targeting saved funds at financing other expenditure items of the State Budget of Ukraine;
4. Control efficient management of the State Budget funds by the State Treasury of Ukraine, legality and timeliness of the State Budget funds flows, including national targeted funds, at the National Bank in Ukraine, authorised banks and credit institutions of Ukraine;
5. Consult bodies and officials, who are elected, approved or appointed by the Parliament of Ukraine, on issues of State Budget expenditures. In the course of verifications, checks and analysis of the state of economy, draft measures aimed at finding opportunities and new sources of attraction additional revenues to the State Budget of Ukraine and make relevant proposals to the Ministry of Finance of Ukraine;
6. If authorised by the Parliament of Ukraine or its committees, execute controlling functions regarding funding national programmes of economic, research and technical, social and cultural development, environmental protection and others, which are subject to approval by the Parliament of Ukraine;
7. Execute control over investment activities of executive bodies, check legality and efficiency of utilisation of financial recourses allocated from the State Budget of Ukraine for implementation of national programmes;
8. Make a preliminary analysis, prior to the hearings at the committees and the Parliament, of reports by Antimonopoly Committee of Ukraine on supervision of enforcement of antimonopoly legislation as well as reports by the State Property Fund of Ukraine and officials, which are elected, appointed or approved by the Parliament of Ukraine, regarding efficient management of property, which forms the major national wealth and belongs to Ukrainian people;
9. Execute control over implementation of decisions taken by the Parliament of Ukraine on lending activities and economic assistance at the expense of the State Budget of Ukraine to foreign states and international organisations, over cash execution of the State Budget of Ukraine by the National Bank of Ukraine and authorised banks;
10. If authorised by the Parliament, in line with its status, check expenditures related to operations of the Parliament of Ukraine and its Staff, support bodies and services of the President of Ukraine and Staff of the Cabinet of Ministers, as well as expenditures by state bodies and organisations operating abroad and financed from the State Budget of Ukraine;
11. Draft and make conclusions and answers to executive bodies, prosecutor's and judicial bodies on issues within its competence;
12. Set up and maintain links with controlling bodies of foreign states and relevant international organisations, get into co-operation agreements with them.

The Accounting Chamber is authorised to:

1. execute expert and analytical, information and other activities aimed at control over spending money from national targeted funds, over-the-budget funds, over targeted use of financial, credit and foreign currency recourses in the course of implementation of national programmes;
2. conduct financial audits and checks at the Staff of the Parliament, executive bodies, National Bank of Ukraine, State Property Fund, other bodies subordinated to the Parliament as well as at enterprises and organisations irrespective of ownership, within limits defined in Article 16 of this Law;
3. verify monetary documents, accounting books, reports, plans, expenditure estimates and other documents relevant to financial and economic activities of the organisations and objects defined in item 2 of this Article, as well as check cash and securities transactions; tangible assets, their accounting, safekeeping and utilisation;
4. receive all necessary documentation and information about financial and economic activities from managers of institutions and organisations subjected to checking;
5. receive from National Bank of Ukraine, authorised banks and other credit and financial institutions necessary information about their transactions and state of accounts of institutions and organisations subjected to checking, from other institutions and organisations - information, copies of documents on transactions and accounts of those organisations;
6. organise and execute operational control over spending funds from the National Budget of Ukraine over the reported period;
7. conduct comprehensive audits and thematic checks of separate parts and items of the National Budget including budgets of national targeted funds;
8. do expert project assessment of the national Budget as well as draft laws and other regulatory acts, international treaties of Ukraine, national programmes and other instruments related to the National Budget and finance of Ukraine;
9. analyse and investigate infringements and deviations from the budget process, make and submit to the Parliament of Ukraine proposals on their correction as well as improvement of the budget legislation in general;
10. make and submit to the Parliament and its committees conclusions on execution of the National Budget including revenues and expenditures of national targeted funds, financing of national programmes over the reported period;
11. send results of audits, examinations and checks to the Cabinet of Ministers of Ukraine, relevant central executive bodies, National Bank of Ukraine, State Property Fund, enterprises, institutions and organisations for information and taking necessary corrective measures;
12. petition to the Parliament of Ukraine, President of Ukraine as well as executive bodies for bringing to responsibility those officials, who are guilty of infringing current Ukrainian legislation, that caused material damage to the State;
13. to involve into audits, checks and examinations on contractual basis qualified specialists and experts from other institutions and organisations as well as employees of other state controlling, taxation and law enforcement bodies with remuneration if necessary from the Camber's budget;
14. in case of detection in the course of audits, checks and examinations of facts of illegal appropriation of monetary and material values or other abuse, submit materials of checks, audits and examinations to law enforcement bodies, simultaneously informing the Parliament of Ukraine about such facts.

The Accounting Chamber shall consist of the Head of the Accounting Chamber and members of the Accounting Chamber: First Deputy and Deputy Head, Chief Comptrollers and the Secretary of the Accounting Chamber.

The Accounting Chamber activities shall be supported by a Staff. The structure and staff of the Staff are subject to approval by the Board of the Accounting Chamber after submission by the Head of the Accounting Chamber within the limits of budget costs allocated for its needs.

For planning and organisational purposes, for developing methods of auditing and verification, collegial decision-making and preparation of conclusions of audits, checks, verifications and expert assessments as well as for preparation of reports and informational releases the Accounting Chamber Board shall be set up.

The Board shall include the Head of the Accounting Chamber, First Deputy Head and Deputy Head as well as Chief Comptrollers - heads of the Accounting Chamber departments and the Secretary of the Accounting Chamber.

The Head of the Accounting Chamber shall be appointed to the office by the Verkhovna Rada (Parliament) of Ukraine after submission by the Chairman of the Parliament of Ukraine for the term of 7 years with the right to be appointed to the office for the second term. The Head of the Accounting Chamber shall be appointed by secret ballot. A candidate to the office of the Head of the Accounting Chamber shall be regarded as appointed if, by the results of a secret ballot, he receives the majority vote of the constitutional composition of the Parliament of Ukraine according to the current Ukrainian legislation.

The Head of the Accounting Chamber must be a citizen of Ukraine, which has higher educational background in economics or law, professional experience In public administration, public audit, economy, finance, law and has demonstrated his professional knowledge in the process of selection according to special procedure set up by the relevant Parliamentary Committee in accordance with the current Ukrainian legislation.

The Head of the Accounting Chamber shall:

Manage operations of the Accounting Chamber and organise its operations in line with the Regulations of the Accounting Chamber;

Submit to the Parliament of Ukraine reports on the Accounting Chamber operations;

Represent the Accounting Chamber in the Parliament of Ukraine, executive bodies and abroad.

The Head of the Accounting Chamber shall be guided in his activities by the Constitution of Ukraine, this Law, other Ukrainian legal Acts and within his competence shall independently resolve all issues related to execution of control, audits, checks and examinations, appointment of the Accounting Chamber officials, provides for hiring relevant competent specialists to the staff of the Accounting Chamber. In line with his obligations the Head of the Accounting Chamber shall issue orders and resolutions, shall have a right to participate in sessions of the Parliament, its committees and ad hoc, special and other commissions when issues concerning the Accounting Chamber are under consideration.

The Head of the Accounting Chamber cannot be a Member of the Parliament of Ukraine, a member of the Government of Ukraine, get involved into entrepreneurial activities, have a part time work (except for teaching, research and other creative activities exercised out of working hours).

The First Deputy and Deputy Head, Chief Comptrollers and the Secretary of the Accounting Chamber shall be appointed to the office by the Parliament of Ukraine, after submission by the Head of the Accounting Chamber, by secret voting by list for the term of 7 years by the same procedure as the Chairman. Citizens of Ukraine with university educational background and professional experience in public administration, state control, economics, finance or law shall fill the above-mentioned positions.

The First Deputy Head of the Accounting Chamber shall operate in accordance with the Regulations of the Accounting Chamber, in case of absence of the Chairman he shall exercise his functions, by authorisations of the Head of the Accounting Chamber he shall represent the Chamber in the Parliament of Ukraine, its committees, central executive bodies or abroad.

Deputy Head of the Accounting Chamber, Chief Comptrollers - department heads of the Chamber shall execute their job duties according to approved by the Board of the Accounting Chamber directions of operations of their departments and Regulations of the Accounting Chamber.

The Secretary of the Accounting Chamber shall execute his job duties in accordance with the Regulations of the Accounting Chamber, shall take care of operations of the Staff of the Accounting Chamber, coordinate its activities with that of other controlling bodies set up in compliance with Ukrainian legislation.

The First Deputy and Deputy Head, Chief Comptrollers and the Secretary of the Accounting Chamber cannot be Members of the Parliament of Ukraine, members of the Government of Ukraine, get involved into entrepreneurial activities, have a part time work (except for teaching, research and other creative activities exercised out of working hours).

Chief Comptrollers - department heads of the Accounting Chamber are officials, which manage certain directions of the Accounting Chamber operations in compliance with functions of the Chamber defined by Article 6 of this Law.

The Board of the Accounting Chamber shall decide on specific directions of operations of the Accounting Chamber departments.

Chief Comptrollers - department heads shall independently resolve all issues of organisation of operations of their departments within their competence defined by the Regulations of the Accounting Chamber and shall bear direct responsibility for results of their work.

Chief Comptrollers - department heads may be discharged from their positions ahead of time, except for retirement or resignation, by the submission of the Accounting Chamber Board in case they execute their duties in unsatisfactory way, brake laws or abuse their office and if such decision is taken by the majority votes of the constitutional composition of the Parliament of Ukraine.

Chief Comptrollers - department heads have a right to be present at meetings of the committees of the Ukrainian Parliament, Boards of central executive bodies and other state bodies as well as local governments.

Chief Comptrollers - department heads cannot get involved into entrepreneurial activities, have a part time work (except for teaching, research and other creative activities exercised out of working hours).

The Staff of the Accounting Chamber headed by the Secretary is responsible for organisational, information and reference and other work to support the Accounting Chamber.

Officials - members of the Staff are directly involved into controlling activities within the competence of the Accounting Chamber.

Officials - members of the Staff when exercising their service duties have a right:

1. to get acquainted with all documents relevant to financial and economic operations of the object of audit, check or examination;
2. demand and receive from managers of the object subjected to control all necessary information, statistical data, accounting and financial reports, verbal and written explanations on issues relevant to audits and checks;
3. to have unrestricted access to the premises of state bodies, enterprises, organisations, archives, depositories, operational and auxiliary premises of banks, financial and crediting institutions and other objects, if another is not required by Ukrainian Law;
4. to seal cash and other service premises, depositories and archives.

Demands by the authorities of the Accounting Chamber and officials of its Staff relevant to their service duties are binding for all government bodies, enterprises, institutions and organisations irrespective of ownership and subordination.

Managers and other officials of objets subjected to checks are obliged to create normal working conditions for the Accounting Chamber officials, which do check or audit, provide them with technical support and all necessary documentation.

Officials from the Accounting Chamber and persons involved into its operations in the process of exercising their functions and powers shall bear legal responsibility for infringement of legislation on state and other secrets protected by law as well as for falsification of results of checks and audits conducted by them, which results are to be submitted to state bodies or made public, shall bear responsibility in accordance with Ukrainian legislation.

Control over execution of the National Budget of Ukraine including budgets of national targeted funds, over financing of national programmes, safekeeping and utilisation of state property, shall be organised and executed by the Accounting Chamber on the basis of annual and operational plans, which are to be formed in view of all kinds and directions of the Accounting Chamber activities and specific orders by the Parliament of Ukraine and its committees.

The Accounting Chamber work plan must include implementation of proposals made by not less than one third of the constitutional composition of the Parliament of Ukraine, submitted according to the Parliamentary Regulations of Verkhovna Rada of Ukraine (129a/ 94 - BP, 129#/94 - BP). When developing the Accounting Chamber work plans it is necessary to consider proposals made by the President of Ukraine and Cabinet of Ministers.

Extraordinary controlling measures are to be conducted upon decision taken by the Accounting Chamber Board on the grounds of resolutions or protocol tasks by the Parliament of Ukraine, applications made by the Parliamentary committees and requests by the members of Parliament, which are subject to Parliamentary decisions.

The powers of the Accounting Chamber stipulated in Article 7 of this Law extend to the Parliament of Ukraine, executive bodies including their staff, National Bank of Ukraine, Antimonopoly Committee of Ukraine, State Property Fund and other state bodies and institutions set up in compliance with Ukrainian legislation.

The Accounting Chamber is also authorised to control local state administrations and local self-government bodies, enterprises, institutions, organisations, banks, credit institutions, economic societies, insurance companies, other financial institutions and their unions, societies and other associations irrespective of ownership, public associations, non-government funds and other non-government non-commercial public organisations with respect to that part of their activities, which is connected with utilisation of Ukrainian National Budget funds.

Internal issues of organisation and operations of the Accounting Chamber and its Staff, order of office work, requirements to employees of the Staff and internal regulations, other issues related to work of the Staff of the Accounting Chamber shall be described in the Regulations of the Accounting Chamber, which are to be approved by the Head of the Accounting Chamber.

Upon requests of the Accounting Chamber in the process of its functioning all state government and local self-government bodies, enterprises, institutions and organisations irrespective of ownership as well as their officials are obliged to submit information, which concerns objects, subjected to control and which is deemed necessary for execution of check, audit and examination. Upon request of the Accounting Chamber the National Bank of Ukraine, authorised banks, credit institutions and financial organisations are obliged to submit to the Accounting Chamber officials all necessary documented evidence of transactions and state of object's accounts. Enterprises, institutions and organisations are obliged upon request of the Accounting Chamber to submit references and copies of documents on transactions and settlements with objects subjected to checking.

Officials of bodies and enterprises subjected to checking shall bear legal responsibility according to procedures of Ukrainian legislation if they refuse or evade providing in a timely manner necessary information or documentation upon request of the Accounting Chamber or if they provide falsified information.

Materials, which executive bodies, National Bank of Ukraine or other banking institution, enterprises, institutions and organisations provided for analysis, check or audit as well as information and documents, which the Accounting Chamber receives, about financial, property and taxation state of legal entities and natural persons are subject to professional secrecy and may be used only for controlling purposes.

Disclosure of any information, materials, documents in broadcasting or printed media, first of all by officials, which used them or which were acquainted with them, is subject to prosecution by law.

According to this Law a professional secrecy is a state of safekeeping materials, documents, other information, which are used by the Accounting Chamber officials and persons involved into activities of the Accounting Chamber during checks, audits and examinations and which are prohibited from disclosure in any form before the Accounting Chamber takes a decision.

All controlling bodies set up in line with Ukrainian laws within the framework of the Ministry of Finance of Ukraine, Ministry of Interior, Security Service, National Bank of Ukraine, Antimonopoly Committee, State Property Fund and other state controlling bodies as well as bodies of internal control and audit are obliged to facilitate operations of the Accounting Chamber and provide information on results of their checks and audits upon its request.

The Accounting Chamber within its competence may involve state controlling bodies and their representatives into control and audit activities, as well as involve non-government audit services and highly professional individual specialists into audits and checks on contractual basis.

In the course of execution of the National Budget of Ukraine the Accounting Chamber shall control timeliness and completeness of monetary revenues, actual spending of budget allocations, including money from national targeted funds and expenditures aimed at servicing national and foreign debt of Ukraine, in comparison with approved National Budget indicators, shall detect deviations and infringements, analyse them and submit proposals on their correction.

The Accounting Chamber on a quarterly basis shall submit to the Parliament of Ukraine operational report in established format on execution of the National Budget presenting factual information on revenues and expenditures in comparison with indicators approved by the Law on National Budget of Ukraine for the current year and indicators of similar period or quarter of the previous year.

For timely collection and processing of information necessary for making up a report on execution of the National Budget of Ukraine, the Accounting Chamber upon agreement with the Cabinet of Ministers of Ukraine shall introduce an obligatory financial reporting of all central and local executive government bodies, enterprises, institutions and organisations to the Accounting Chamber. The Cabinet of Ministers upon submission by the Head of the Accounting Chamber shall take decisions on specific terms of execution and forms of this reporting.

The Accounting Chamber shall analyse operational information obtained in the course of control. Generalised information shall be submitted to the Parliament of Ukraine, its committees and the Cabinet of Ministers.

The Accounting Chamber shall check financing of national programmes of economic, research and technical, social and cultural development, environmental protection, which are approved by the Parliament. It shall consider materials on these issues at meetings of the Accounting Chamber Board.

The Accounting Chamber by authorisation of the Parliament of Ukraine may make conclusions and do expert assessment of draft legal acts on issues of management and administration of state property if subjects of a legislative initiative submitted them to the Accounting Chamber with this purpose.

(Part 3 of Article 23 has lost its force on the grounds of the Constitutional Court ruling # 7-BP (v007p710-97) of 23.12.1997)

In case of detection of infringements or non-compliance with legal requirements to safekeeping and use of state property objects or untimely transfer into the National Budget of revenues obtained as a result of management and use of state property, the Accounting Chamber has a right to raise an issue of bringing those, who are guilty, to responsibility as stipulated by Ukrainian legislation and inform the Parliament about that.

The Accounting Chamber shall control legality of agreements, rational and efficient utilisation of credits and loans, which Ukraine receives from other countries, banks and international financial organisations.

The Accounting Chamber shall verify the efficiency of allocation of centralised hard currency and financial and credit recourses, which are provided on a recovery basis, analyse issuance of state credits as well as allocation of funds on non-payment basis to other countries and international organisations, the Parliament must be informed about the results of the verification.

The Accounting Chamber shall check operations of the National Bank of Ukraine and its units, authorised banks and credit institutions in the field of servicing National Budget of Ukraine.

By results of checking banking institutions, first of all the National Bank of Ukraine, the Accounting Chamber shall submit conclusions and proposals about its reports on stability of the currency unit to the Parliament of Ukraine as well as regarding operations of the National Bank aimed at servicing national debt of Ukraine.

The Accounting Chamber shall annually check expenditure projections of the National Bank of Ukraine and submit relevant information to the Parliament of Ukraine.

The Accounting Chamber shall execute checks and audits in line with functions stipulated in Article 6 of this Law. The Accounting Chamber shall define their terms, scope and means. In the course of checks and audits on the grounds of documented verification of their results, authenticity of accounting and financial reports, timeliness and sufficiency of mutual settlements between the objects subjected to checking and the National Budget of Ukraine shall be defined. If a check or audit belongs to the competence of both the Accounting Chamber and other state controlling body it must be conducted jointly. On the basis of conclusions made after checks and audits reports shall be made up. The officials of The Accounting Chamber bear personal responsibility for authenticity of such reports.

The Accounting Chamber shall inform about the results of checks and audits the Parliament, as well as heads of relevant central executive bodies, enterprises, institutions and organisations.

The Parliament of Ukraine must be informed about detected facts of law infringement as well as damage done to the state and in case of detected administrative or criminal offences, upon the decision of the Board, The Accounting Chamber shall submit relevant materials to law-enforcement bodies.

Officials of the Accounting Chamber are banned from interference into operations of objects subjected to checking as well as from making public their conclusions before checking or auditing has been completed and their results formalised in an act, which is to be approved by the Board of the Accounting Chamber. Information submitted to the Accounting Chamber officials in the course of checking and auditing may not be used for other purpose or in other situation than stipulated by this Law.

The Accounting Chamber in its activities shall conduct expert assessment and make conclusions by request of the Parliament on:

Draft National Budget of Ukraine, conformity of its revenue and expenditure parts to amounts of national internal and foreign debts and budget deficit, which are to be approved by the Law of Ukraine;

Separate directions of budgetary and financial, monetary and credit policies as well as some issues of budgetary process if directly charged by the Parliament of Ukraine;

Draft legal and other regulatory acts related to budgetary and financial as well as monetary and credit systems, if they are submitted by the Parliament of Ukraine for expert assessment according to the procedures and are to be proposed for the Parliament's consideration;

Draft national targeted programmes funded from budgets or those, which are subject to supplementary funding from the National Budget of Ukraine;

Draft programmes by the Cabinet of Ministers, which are to be funded from the National Budget of Ukraine;

Draft international treaties of Ukraine, which suppose expenditures from the National Budget of Ukraine.

Regarding all other issues within the competence of The Accounting Chamber, defined in Articles 2 and 6 of this Law, the Accounting Chamber shall make conclusions or answers in written form upon decision taken by the Board of the Accounting Chamber to execute a request and make conclusion on the grounds of:

Instructions by the parliamentary committees given in a proper form;

Appeals by the President of Ukraine;

Requests and appeals by MPs;

Requests by the Cabinet of Ministers of Ukraine, Ministry of Finance;

If it is impossible to execute instructions, appeals and requests the Head of the Accounting Chamber shall return them with well grounded answer in written, in which, referring to current legislation of Ukraine, he shall explain the reasons for not executing an instruction, appeal or request.

Conclusions made by The Accounting Chamber should not contain political judgement on decisions taken by the Parliament of Ukraine and executive bodies within heir competences.

The Accounting Chamber Board at its meetings shall consider issues of planning and operations of The Accounting Chamber, methods of controlling and auditing, preparation of reports and information releases, which are to be submitted to the Parliament of Ukraine and its committees, as well as materials related to checks, audits and examinations and which require taking collegial decisions. The Accounting Chamber Board at its meetings may consider any issue, which according to Articles 2 and 6 of this Law is covered by the competence of The Accounting Chamber. Meetings of The Accounting Chamber Board shall be conducted in accordance with the Regulations of The Accounting Chamber under condition of presence of not less than two thirds of its members. The Accounting Chamber Board shall take decisions in a form of resolutions and conclusions by the majority of votes of its members present at the meeting and shall be signed by the Chairman and Secretary of the Accounting Chamber. In case of disagreement with decisions taken by the Accounting Chamber Board, a member of the Board present at its meeting may inform about it the Parliament of Ukraine or its committees in written form accompanied by well grounded explanation of his personal position.

Upon completion of controlling actions the Accounting Chamber shall send its resolutions and conclusions approved by the Board to state executive bodies, authorities of enterprises, institutions and organisations, banks and credit institutions, which were subjected to checking, for subsequent reacting and taking measures on elimination of detected infringements, recovery of damage caused to the State, restoration of legal regime of national property and taking to responsibility those officials, who are deemed guilty for breaking Ukrainian laws, wasting recourses and uneconomical behaviour.

Resolutions and conclusions by the Accounting Chamber Board should be considered within the term defined by it but not later than 15 calendar days upon receiving.

The Accounting Chamber Board shall be informed immediately about measures taken in compliance with its resolutions and conclusions. If necessary the Accounting Chamber may provide consultations and explanations on application of current Ukrainian legislation provisions to objects subjected to controlling actions.

In case of detection in the course of checks and audits of instances of illegal appropriation of monetary or material recourses as well as facts of corruption and other abuses, the Accounting Chamber must immediately upon decision by its Board submit materials of checks and audits to law enforcement bodies and inform the Parliament of Ukraine about it.

The Accounting Chamber shall systematically analyse conclusions of planned and current controlling activities, generalise and investigate reasons and consequences of detected deviations and infringements in the process of revenues formation and making expenditures from the National Budget of Ukraine, safekeeping and utilisation of state property, targeted use of currency, credit and financial recourses.

In the course of analysis and generalisation of information obtained by the Accounting Chamber during checks, audits and examinations it shall develop and submit to the Parliament of Ukraine proposals on improving acts of law, which regulate budgetary, financial, credit, civil, legal and other relations.

(Article 31 has lost its force on the grounds of the Constitutional Court ruling # 7BP (v007p710-97) of 23.12.1997)

Chapter V.    SUPERVISION OF THE ACOUNTING CHAMBER BY THE                         VERKHOVNA RADA (PARLIAMENT) OF UKRAINE

Article 32.      Relations between the Parliament of Ukraine and The Accounting Chamber

The Parliament of Ukraine shall direct activities of the Accounting Chamber on the basis of accountability and controllability of the Accounting Chamber, its Board and officials with respect to legality of their activities on exercising their authority stipulated in Article 7 of this Law and tasks given to the Accounting Chamber by the current legislation.

The Parliament of Ukraine periodically but not less frequently than two times a year shall instruct the relevant committee of the Parliament to analyse results of controlling measures and executed instructions, which were given to the Accounting Chamber during the year, if necessary it shall hear information on work done, checks, audits and examinations conducted by The Accounting Chamber and judge on the state of its operations in spheres defined by this Law.

On the basis of reports and information from the Accounting Chamber parliamentary committees may make proposals on improvement of current Ukrainian legislation, development of budgetary, financial and credit system of Ukraine, as well as make conclusions on concrete issues related to detected deviations and infringements in spheres prescribed by this Law, which are to be submitted to the Parliament of Ukraine for consideration.

The Accounting Chamber annually, not later than the 1^st of December shall submit to the Parliament a general report in written form on results of execution of the Parliament of Ukraine instructions, conducted checks, audits and examinations as well as on expenditures related to these activities. A report of The Accounting Chamber shall be approved by the Parliament of Ukraine and published in the Parliament's publications.

The Accounting Chamber acts as an independent controlling body of the Parliament of Ukraine and is guided by the Constitution of Ukraine (254k/96-#p) and Ukrainian laws, functioning and exercising its authority in line with the statute prescribed by this Law.

( Part 1 of Article 37 has lost its force on the grounds of the Constitutional Court ruling # 7-BP (v007p710-97) of 23.12.97)

Only the Prosecutor General of Ukraine can initiate a criminal case against the Head of the Accounting Chamber, First deputy and Deputy Head, Chief Comptrollers and Secretary of the Accounting Chamber.

Perpetrators of any influence on the Accounting Chamber officials as well as persons, which comply with its instructions, with the aim of preventing them from execution of their service duties or of securing making decision, which contradicts current legislation of Ukraine, of violent actions, offence as well as dissemination of falsified information about those officials and persons, bear responsibility as its is stipulated by Ukrainian laws.

The Head of the Accounting Chamber, his First deputy and Deputy, #hief #omptrollers and Secretary of the Accounting Chamber are guaranteed professional independence. They may be early dismissed from their positions upon submission by the Chairman of the Parliament of Ukraine in case of:

1. infringement of Ukrainian legislation or abuse of office by them (if the Parliament decides so);
2. personal application for resignation;
3. long-term illness, which impedes execution of their professional duties and which is certified by a health care institution;
4. reaching of age of 65 years;

Decisions of the Parliament on dismissal of above-mentioned persons in cases presented in part 4 of this article shall be taken by the majority vote of the constitutional composition of the Parliament of Ukraine.

Operations of the Accounting Chamber may be suspended in cases stipulated in current Ukrainian legislation.

Funds to maintain The Accounting Chamber shall be allocated directly from the National Budget of Ukraine. The amount of these funds shall be annually defined by the Parliament of Ukraine and given a separate line in the National Budget of Ukraine.

The Accounting Chamber officials are covered by the Law of Ukraine on Public Service (3723-12), they are public servants and have relevant service authority.

Basic pay of The Accounting Chamber employees shall be 30% bigger than relevant pay of public servants.

The Head of the Accounting Chamber, First deputy and Deputy Head, Chief Comptrollers and Secretary of the Accounting Chamber are entitled to monthly personal benefits in the amount of 70% of their basic pay.

The Accounting Chamber employees are covered by the same health care, resort and sanatorium, household and transportation services as employees of the Parliamentary Staff.

The Accounting Chamber shall regularly publish information about its operations in mass media.

Annual report on operations of The Accounting Chamber to the Parliament of Ukraine must be published.