Year: 2025
Type: article
Abstract: The primarily purpose of internal auditing is to help companies to achieve their goals and improve their performance. Internal auditors must obtain the necessary knowledge and competencies to assist economic entities meet new challenges, such as import substitution, as well as related to it, new construction and productivity growth. The objective of this study involves the examining of opportunities for expanding the capacity of internal audits in activities of companies and studying the resources available to internal auditors, including their knowledge, skills and experience aimed to enhance the efficiency and development of both individual business processes and enterprises’ activities, as a whole. In the course of the research work, the author employed general scientific methods of cognition: observation, analysis and generalisation. Within the framework of the topic under consideration, the article provides practical examples and the effects of transitioning from classical to modern internal audit, in view of current challenges and trends. At the same time, the research work determines the necessity of observing basic internal audit principles, such as independence and objectivity. The results of the study are intended for a whole variety of readers, such as the experts in the field of internal audit, internal control and risk management, as well as top managers and owners interested in improving the company’s efficiency.
Source: Accounting Analysis Auditing
Author: Yu. A. Linovitsky
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4412509022