Berhanir Inna, PhD (Economics), Associate Professor of the Finance, Accounting and Economic security Department, Pavlo Tychuna Uman State Pedagogical University, Uman, Ukraine

ORCID ID: 0000-0001-7035-1170
e-mail: innaberzhanir@ukr.net

The Role of Internal Audit in the Enterprise Management System

Abstract. Introduction. It has been established that internal audit is one of the types of internal economic control of business entities. The main criteria for the quality of conducting an internal audit as a management function are the efficiency, productivity and cost-effectiveness of the internal audit system.

Purpose. The purpose of the article is to reveal the need for internal audit at the enterprise and the peculiarities of its organization.

Results. It has been established that internal audit is one of the types of internal economic control of business entities. The main criteria for the quality of conducting an internal audit as a management function are the efficiency, productivity and cost-effectiveness of the internal audit system.

The need for the functioning of the internal audit service at the enterprise is substantiated. The peculiarities and methods of its organization are considered, and their positive and negative aspects of internal audit are determined.

The content of the concept of “internal audit” and the question of the need for its operation at the enterprise as a tool for improving the efficiency of the accounting system and activities as a whole are revealed. The main stages of internal audit are formulated and a set of qualitative and quantitative parameters for evaluating the effectiveness of the accounting system is proposed, based on the directions of research of individual objects (elements) of the accounting system by means of internal audit. The tasks of the internal audit regarding the evaluation of the efficiency of the enterprise’s accounting system have been substantiated and specified.

Conclusions. It has been proven that the effectiveness of internal audit at enterprises is determined by the level of its organization. The main objects of the internal audit organization are the creation and organization of the work of the internal audit system, the organization of the work of internal auditors, and the organization of the internal audit process.

Keywords: internal audit; internal audit service; external audit; outsourcing; internal control.

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