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№ 3/2016

Nauk. pr. NDFI 2016 (3): 135–148

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¹SESE “The Academy of Financial Management”
OrcID ID : https://orcid.org/0000-0003-3432-3177
²State Educational and Scientific Institution “Academy of Financial Management”

Internal audit activity in public administration system

General issues of formation and development of the internal audit activity in the public sector bodies in Ukraine are considered in the article. The legislative base on establishment and functioning of internal audit divisions in the public sector bodies is analyzed. The relationships, which obstruct the development and effectiveness of the internal audit activity and influence on the level of support of the internal audit activity by heads of the certain ministries, other central executive bodies and on perception of this activity in public sector, are determined. The necessity of revision of the internal audit role as a new component of managerial system is substantiated. Also, the necessity of the systematic theoretical investigations on organizational, methodical assurance of the internal control and internal audit in the public sector bodies is grounded. The regulatory gap in regulatory acts and studies on these issues in specific sources are analyzed. The history of the process of internal audit formation in the foreign countries is investigated. The general directions for its development in the private and public sector are found out. By the results of the investigation, the subject areas of the internal audit in the public sector bodies are distinguished. The differences between internal and external auditors are outlined. On this base, three functions of the internal audit that encourage good governance (legal, effective and transparent) in public sector are described in the article.

Keywords:internal audit, internal control, internal audit activity, external audit, public administration.

JEL: H83, M42, M48.

CHUMAKOVA I. . Internal audit activity in public administration system / I. . CHUMAKOVA, Z. Koval // Наукові праці НДФІ. - 2016. - № 3. - C. 135-148.

Article original in Ukrainian (pp. 135 - 148)

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