Analysis of Regulatory and Legal Documents on Internal Audit

Abstract

Purpose: the aim is to analyze regulatory documents on internal audit for compliance with international standards, identify problematic aspects in regulatory support and determine areas for its improvement.

Methods applied: methods of system analysis, synthesis, deduction and induction, analogy and comparison.

Findings: regulatory documents on internal audit were systematized and analyzed, focusing on their compliance with international standards. Problematic aspects of regulatory support for internal audit were identified. Areas for improving regulatory regulation of internal audit were identified in the context of the strategy for reforming the public finance management system.

Theoretical applications: the results of the study contribute to a scientific understanding of the issues of organization and functioning of internal audit, as well as the fundamental principles of international standards that ensure the effectiveness of internal audit. Measures for the transformation of internal audit are proposed, which can be used to improve regulatory documents on internal audit.

Practical applications: the results of the study can be used to analyze the state of the organization and functioning of internal audit units, their main internal documents on internal audit.

Value: systematization of theoretical, organizational and methodological principles of internal audit, identification of gaps in regulatory and legal regulation and formation of directions for its improvement, promotion of harmonization of national and international standards. The study materials are valuable for improving the quality of regulatory documents on internal audit. The conclusions and recommendations of the study can be used when developing curricula and methodological materials on internal audit for higher education institutions and centers for advanced training.

Research limitations/Future research: the analysis of the regulatory and legal framework is limited to the period until April 2025, which does not allow taking into account possible future changes in regulatory and legal documents on internal audit. A promising direction for future research is to improve existing or develop new methodological approaches to assessment to provide assurance.

Papertype: theoretical.