Journal of Applied Economic Research
ISSN 2712-7435
SYSTEMATIZATION OF THE DIRECTIONS OF FORMATION OF THE SYSTEM OF INTERNAL AUDIT AT THE FEDERAL UNIVERSIT
Yuryeva L.V., Sukhikh V.S.
Abstract
The article analyzes the place of internal audit units in the organizational structure of federal universities from the point of view of their subordination and scope of functions and tasks. A list of practice-oriented questions was compiled that will address internal audit activities in the organization. To assess the activity of the organization two key factors were chosen: the organizational structural subordination of internal audit and the scope of its functions and tasks. The main purpose of this paper is to demonstrate that the current state of internal audit services in federal universities are not in line with international auditing standards. The study used methods such as comparative analysis and modeling. The result is a model of the current organizational structure of subordination of internal audit units and the comparative analysis of the two systemically important factors. It was found that the internal audit staff are dependent and cannot be impartial when performing their duties, which greatly reduces their effectiveness. The results of this study can be applied to the operation of federal universities in order to create structural divisions of internal audit, and modernize them. Through the analysis of the functions and tasks, it was found that in the majority of federal universities internal audit units are only part of the internal control system and comply with relevant control functions. The main feature that distinguishes internal audit from internal controls and makes it possible to enhance the effectiveness of the university as an economic entity - evaluation of the reliability of internal control systems - is not executed by internal auditors at federal universities. A conclusion was therefore drawn that the organization of the internal audit in federal universities does not meet international standards in terms of its organizational affiliation and scope of the tasks.
Keywords
Key words: internal audit, federal university, International Standards for the Professional Practice of Internal Auditing
About Authors
DOI: http://dx.doi.org/10.15826/vestnik.2015.14.6.053
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