scholarly journals An Analysis of the Construction of Internal Audit System in Enterprise Groups

2018 ◽  
Author(s):  
Jian Yu
Keyword(s):  
Internal Audit ◽  
Audit System ◽  
Enterprise Groups

Standardization in service audit

Servis plus ◽  
10.12737/6464 ◽  
2014 ◽  
Vol 8 (4) ◽  
pp. 30-37 ◽  
Author(s):  
Ольга Вапнярская ◽  
Olga Vapnyarskaya
Keyword(s):  
Comparative Analysis ◽  
Internal Audit ◽  
External Audit ◽  
Audit System ◽  
Analogue Method ◽  
The Subject ◽  
Service Standards ◽  
Audit Program ◽  
Product Lifespan

The authors of the article studied opportunities and prospects of development of the enterprise service standards complex and defined the components of this complex. It appears that the service standards complex is necessary also for service audit. In the article the service audit is considered as a part of internal audit system and as a part of voluntary external audit. Due to this, it is necessary to ensure the continuity of practice of these types of audit with reference to the developed methodology of service audit. It is expected that the service audit is directed at the assessment of completeness of the service provided by the company and its conformity with needs of consumers. The proposal of the service audit conception presupposes the necessity to define what objects are to be standardized, what set of standards are to be created in order to conduct service audit and achieve representative results. Therefore, the authors presented the results of comparative analysis of development of inner audit methodology with regard to its procedures and principles standardization. The article comprises the main principles of service audit standardization that includes analogue method. Particularly, it was proved that it was expedient to single out the service standards complex and the complex of principles (standards) of service audit conduction. According to the authors, the first group includes service standards of various stages of the proposed product lifespan. The complex of principles (standards) of service audit constitutes the standards that allow to define the object and the subject of service audit, auditor requirements, the procedure of preparation and implementation of a service audit program, requirements for service audit results report etc.

scholarly journals Internal audit risk assessment and legal risk: First evidence in the Italian experience

2007 ◽  
Vol 4 (4) ◽  
pp. 59-77
Author(s):  
Angelo Miglietta ◽  
Mario Anaclerio ◽  
Cristina Bettinelli
Keyword(s):  
Risk Assessment ◽  
Internal Audit ◽  
Audit Risk ◽  
Legal Risk ◽  
Audit System ◽  
Italian Experience ◽  
Risk Optimization ◽  
Sarbanes Oxley ◽  
Management Optimization ◽  
The Cost

The objective of this article is to analyze how Italian Firms comply with the Internal Audit rules regarding the administrative liability of entities and to explain what the effect on the organizational structure was. In particular we collected data from 21 companies listed on the S&P/MIB index by sending a questionnaire to each Internal Audit Director. We show the features of internal audit system required by the 231 Italian Decree and how risk assessment and internal audit could serve as Corporate Governance Instruments. The 231 Italian Decree, like the Sarbanes-Oxley Act enhances and extends companies’ accountability, transparency and integrity especially in business conduct. The innovativeness of this work is due to the idea of considering these elements as influential for the risk management optimization. As a consequence, a risk reduction can be achieved by improving the organizational and management models. Thought is commonly accepted that the risk optimization leads to a reduction of the cost of capital for the enterprise, there is a difficulty in estimating how much the value provided could be

scholarly journals THE ROLE OF INTERNAL AUDIT IN THE SUPPRESSION AND PREVENTION OF CORPORATE FRAUD

2018 ◽  
Author(s):  
Юлия Мезенцева ◽  
Yuliya Mezentseva ◽  
Ксения Вердеш ◽  
Ksenia Verdesh
Keyword(s):  
Internal Audit ◽  
Economic Security ◽  
Corporate Fraud ◽  
Audit System ◽  
General Signs

The article presents the author's view on the role of internal audit in the prevention of corporate fraud, the main aspects of the internal audit service. Attention is paid to the consideration of the General signs of corporate crimes. Corporate fraud is considered as a significant threat to the economic security of the company, and the organization of an effective internal audit system – as one of the mechanisms to prevent them.

scholarly journals Formalization of theoretical tools for risks of internal audit system identification

2019 ◽  
Vol 31 (1) ◽  
pp. 182-189
Author(s):  
А. Semenets
Keyword(s):  
System Identification ◽  
Internal Audit ◽  
Risk Identification ◽  
Controlled Environment ◽  
Business Risk ◽  
Audit Risk ◽  
Audit System ◽  
Dialectical Approach ◽  
Basic Characteristics ◽  
Methodological Principles

Methodological principles formalization and practical tools development for risks of internal audit system identification is the subject of this study. The purpose of paper is to develop scientifically substantiated proposals for improving the methods for entrepreneurial risk assessing in internal audit system. Achievement of the goal set in the article was carried out with help of general and special research methods, namely: dialectical approach, analysis and synthesis, systematization and generalization. Article presents the categorical and terminological interpretation of risks of internal audit system and substantiates the basic characteristics of business risk. Study tested general audit risk components and influence of the controlled environment internal factors on risk of internal audit system. It was established in the article the place of business risk and internal audit risk in the entity’s controlled environment. With purpose of risks systematization for taking them into account in management process algorithms of entity’s controlled environment risks identification was developed. As a result, developed scientifically-based risk identification tool in internal audit system allowed identification and timely elimination of risky business operations consequences.

scholarly journals Modern trends of Kazakhstan’s internal state audit: the US and UK experience

2020 ◽  
Vol 18 (2) ◽  
pp. 1-12
Author(s):  
Zarina Igibayeva ◽  
Assem Kazhmukhametova ◽  
Lyazzat Beisenova ◽  
Elena Nikiforova
Keyword(s):  
Internal State ◽  
System Development ◽  
Internal Audit ◽  
Budget Planning ◽  
Audit System ◽  
State Audit ◽  
The Usa ◽  
The Republic ◽  
The Uk ◽  
Audit Reports

The quality improvement of state audit system is vital and relevant for all post-Soviet republics and Kazakhstan particularly. On the whole, it is grounded on the old notions, and is not suitable for the contemporary economic situation and numerous private enterprises’ growth. The article aims to highlight the advantages of the audit systems in the USA and the UK for the contemporary state of the audit system in the Republic of Kazakhstan. In order to achieve the stated purpose theoretical bases, statistical data, legislative and regulatory official documents were analyzed. The analysis shows that the most perspective approaches to the internal audit system development are risk management and budget planning. The main problematic areas are the legal support, staff of auditing departments and services, the quality of revisions and competence of state auditors. It is substantiated that training and education for the auditors are highly demanded. The internal annual audit reports can be used as the effective instrument of the governmental control as well as the marker of the most undeveloped spheres.

scholarly journals Criteria for evaluating the effectiveness of the internal audit of an economic entity

2021 ◽  
Vol 7 (3B) ◽  
pp. 504-510
Author(s):  
Yulia Nikolaevna Kovalenko ◽  
Svetlana Nikolaevna Kovalenko ◽  
Natalia Alekseevna Prodanova ◽  
Marina Mikhailovna Krekova ◽  
Vadim Anatolevich Mironchuk ◽  
...  
Keyword(s):  
Audit Committee ◽  
Internal Audit ◽  
Control Measures ◽  
Executive Management ◽  
Internal Auditor ◽  
Internal Auditors ◽  
External Auditors ◽  
Audit System ◽  
Economic Entity ◽  
The Board Of Directors

The article raises issues related to the need and possibility of evaluating the effectiveness of the internal audit system. The directions of internal auditors 'audits are formed, the procedure of actions of various structural divisions within the framework of effective corporate governance is described, the key factors of the effectiveness of internal auditors' work are given, their essence is revealed. The necessity of creating an internal audit committee is justified, and the provisions of the internal audit committee are prescribed, according to its supervisory role in the activities of an economic entity. The role of the internal auditor and its interaction with external auditors who carry out control measures are described, arguments are given about internal cooperation between the board of directors, the internal audit committee and the executive management of an economic entity in relation to the control system.

Sign in / Sign up

Export Citation Format

Share Document