ORGANIZATIONAL AND METHODOLOGICAL BASIS FOR PREPARING REPORTS BY INTERNAL AUDITORS

Abstract

The article discusses current issues concerning the process of preparing internal audit reports, it covers methodological principles of reflecting the results of internal audits in the reports and gives recommendations on their structure and content depending on the purpose of a particular activity. The author notes that a significant part of methodological recommendations for conducting internal audit is based on practice, which is explained by its applied orientation. The lack of international standards for internal audit documentation and clearly defined recommendations does not excuse auditors from the compilation of a structured report, which would clearly show the relationship between violations, conclusions, and recommendations, as well as provide monitoring and feedback on the audit project. There are many different templates for internal audit reports, differing in format and structure. The author recommends adhering to the classic structure of reports which uses the following elements: introduction, observation, causes, consequences (violations), recommendations, conclusions, and appendices. The proposed methods of internal control will form the basis for a qualitative assessment of the internal audit activities.