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The aim of the study was to determine optimal strategies and methods for improving audit activities in the field of management of non-financial assets of public institutions. Audit reports, financial statements of state institutions, the legal framework for audit activities and information on asset management strategies were used in the study. The study results demonstrate that effective and objective control over assets ensures financial discipline, optimises costs and complies with legal requirements. The study discusses the traditional, risk-based and integrated approaches to asset auditing, as well as the importance of an integrated audit approach that considers not only financial indicators but also non-financial aspects that affect the performance of an institution. The real situation in Ukraine is addressed and compared with other countries, namely the United States, the United Kingdom, India, Brazil and Hungary. The study noted that the development of the audit of non-financial assets of public institutions is a complex and dynamic process that occurs on constant changes in legislation and requirements of international standards. In addition, the challenges and problems faced by auditors auditing non-financial assets of government agencies are highlighted. It is proposed to expand the concept of audit effectiveness from the “3E” to the “9E”, which provides a deeper assessment of performance, covering various factors. Based on the study, the key areas of the strategy for auditing non-financial assets of public institutions, including improving the audit system, identifying and managing risks and introducing modern technologies, were formulated. These findings are valuable for auditors, financial managers, civil servants and resource management experts as they provide practical recommendations for improving audit performance and the efficient use of non-financial assets

Evaluation plays a vital role in the management of non-financial assets in public sector institutions, which explains the significant interest of researchers in finding ways to improve it, analyzing the advantages and disadvantages of different approaches to evaluation, and studying the evaluation practice according to International Evaluation Standards. The purpose of the article is to reveal the features of evaluation as an element of management of non-financial assets of state institutions, as well as to analyze the features and approaches to assessing non-financial assets depending on their types and conditions of use. The structure of national and international evaluation standards was revealed. In the wartime and the post-war recovery of Ukraine's economy, it is advisable to rely on the results of evaluation conducted by the International Evaluation Standards, which are fundamental when making investment decisions, preparing financial statements, and ensuring regulatory lending requirements. Thus, the European integration of Ukraine is only possible with the implementation of the International Evaluation Standards, which can be implemented in several ways: full or partial application, as well as the development of national evaluation standards based on international ones. Valuation is not only one of the elements of the accounting method; valuation is an independent system consisting of such elements as the object and subject of evaluation, the subject matter of evaluation, and the subjective and objective side of evaluation. The article discloses certain aspects of the evaluation of non-financial assets of state institutions. Special attention is focused on justifying the expediency of choosing one or another approach to evaluation. It was determined that applying the cost approach to the evaluation of non-created non-financial assets is the most appropriate, which, however, does not exclude the possibility of combining it with other approaches in practice. Implementing International Valuation Standards in Ukrainian legislation will avoid opaque methodology and manifestations of subjectivism in selecting approaches to the valuation of non-financial assets of state institutions.

In consolidated accounting the reflection of the financial results of the valuation and the accounting processes can present a challenge. That requires the development of special procedures of the joint accounting of financial results of the hedging that are consistent with the provisions of IFRS.There is a typical situation, characterized by the following components: internal hedging operations initiated by subsidiaries to the parent company create open positions with different parameters for the parent company; maternal unit of the company responsible for the management of financial risks at the general group level, in order to eliminate the negative consequences of the changes of conditions for the groups in the market, can hedge transactions by buying a single forward contract with significantly different from intra-group transactions parameters.The need to develop special procedures of joint financial hedging results, consistent with the provisions of certain IFRS standards has been proven in the article. Within the limits of tasks there have been designed and documented evaluation procedures for joint accounts for hedge accounting fair value and cash flow hedging contracts groups formed as a purely financial articles, and non-financial articles. With a view to the practical implementation of the evaluation procedures there have been proposed the methods of assessment of corresponding objects of accounting as well as the aspects of hedge effectiveness criteria have been investigated.