A Model of Internal Audit in the Company Management System

  • Albina MUKHINA National Research University ‘Higher School of Economics’, Moscow, Russia

Abstract

An issue of justification of elements of the internal audit integrated system, development of its model focus upon the increased enterprise management efficiency, as well as its inclusion into the management system are believed to be debatable and have to be solved both within a particular enterprise, and at the state level. As a result of the analysis of approaches to definition of internal audit in the scientific and educational literature, the author determined several problematic issues regarding interpretation of the internal audit essence. A model of the internal audit system for self-identification in the enterprise management system is developed to improve the internal control efficiency; a model implementing a comprehensive approach focused upon achieving corporate goals is offered.

References

[1] Alborov, P.A. 1998. Audit in industry, trade, agriculture enterprises. Moscow: Business and service.
[2] Amanzholov, B.A., and Naumov, A.V. 2009. Approaches to modeling of the internal control system of interconnected enterprises. Audit and Financial Analysis, 2: 1 -10
[3] Andreyev, V.D. 1994. Practical auditing. Moscow: Economics.
[4] Arens, E.A., and Loebbecke, J.K. 2004. Audit. Moscow: Finance and Statistics.
[5] Azarskaya, M.A. 2009. Theory and methodology of the audit quality assurance: PhD thesis. Moscow.
[6] Bakayev, A.S. 2002. Accounting terms and definitions. Moscow: Publishing House Accounting.
[7] Between the strategy and tactics. 2016. The survey of members of Boards of Directors of Russian companies in 2016. URL: http://www.pwc.ru/ru/corporate-governance/assets/russian-boards-survey/russian-boards-survey-ru.pdf
[8] Bogomolov, A.M., and Goloshchapov, N.A. 1999. Internal audit. Organization and methodology of conducting. Moscow: Nauka.
[9] Bulyga, R.P. 2013. Business audit. Practice and Problems of Development. Moscow: AST.
[10] Burtsev, V.V. 2000. Organization of the internal control system at a commercial enterprise. Moscow: Academia.
[11] Burtsev, V.V. 2003. Internal audit of the company: organization and administration issues. Management of the company's finances, 4: 35-49.
[12] Byichkova, S.M. 2003. Audit for managers and accountants. St.Petersburg: Piter.
[13] Deynega, V.N., and Martynova, T.A. 2012. The integrated model of the internal control at a Russian company, Available at: http://teoria-practica.ru/rus/files/arhiv_zhurnala/2012/5/ekonomika/deynega-martynova.pdf
[14] Dodge, R. 1992. Standards and norms of audit quick guide [translated from English] M.: Finance and Statistics, UNITY. 224.
[15] Explanatory Dictionary of audit, tax and budgetary terms. 2001. Ed. Sychev, N.G., Ilyin, V.V. M. Finance and Statistics. 272.
[16] Galkina, E.V. 2013 The modern model of the internal control in the corporate management. Russian Entrepreneurship, 1 (223): 55-60
[17] Gogsadze, M. G. 2015. Methodology of internal audit of key business processes of corporate activities. Modern scientific researches and innovations. 2015. No. 4 [Electronic resource]. Available at: http://web.snauka.ru/issues/2015/04/52300
[18] Ivashkevich, V.B. 2007. Practical auditing. Tutorial / Ivashkevich, V.M. Magister. 286. International Standards for the Professional Practice of Internal Auditing (Standards). (2012) The Institute of The Internal Auditors.
[19] Kabashkin, V.A., and Myshov, V.A. 2011. Enhancing the role of the internal audit and control under market economy. International accounting, 13 (163): 36-46.
[20] Kakovkina, T.V. 2011. Audit-Controlling. Theoretical and methodological bases: monograph. M. UNITY-DANA.
[21] Kakovkina, T.V., Deynega, V.N., and Martynova, T.A. 2011. The integrated model of internal control at a Russian company. Available at: http://teoria-practica.ru/rus/files/arhiv_zhurnala/2012/5/ekonomika/deynega-martynova.pdf
[22] Kalistratov, L.M. 2007. Audit / Kalistratov, L.M. Publishing and Trading Corporation ‘Dashkov and Co’.
[23] Kaplan, R.S., and Norton, D.P. 2004. Strategy Maps: Converting Intangible Assets into Tangible Outcomes. Harvard Business Review Press.
[24] Kasyuk, E.A. 2014. Internal corporate control: principles and approaches to integration // Vestnik of Omsk University. ‘Economics’ series. 3: 38-44
[25] Melnik, M.V. ed. Bulyga, R.P. M. UNITY-DANA.
[26] Melnik, V.M. 2004. Revision and control / Melnik, V.M., Panteleyev, A.C., Zvezdin, A.A. M. Publishing House FBK-PRESS.
[27] Prodanova, I.A. 2006. Internal audit, control and audit / Prodanova, I.A. M.: Tax Info, Sirius 97 Quo.
[28] Pugachev, V.V. 2010. Internal audit i control. Organization of the internal audit under economic crisis. M.
[29] Research of the state of an internal auditor job, 2015. Available at: http://www.pwc.ru/ru/press-releases/2015/internal-auditor-survey.html
[30] Research of the state of internal auditor job, 2015. Available at: http://www.pwc.ru/ru/press-releases/2015/internal-auditor-survey.html
[31] Review of economic crime in Russia in 2016. Available at: http://www.pwc.ru/ru/forensic-services/publications/resc-2016.html Trends in economic crimes
[32] Robertson, J. 1993. Audit [Translated from English] / Robertson, J. M.: KRMG, Auditing Company Contact. 496.
[33] Sheremet, A.D. (2007) Audit. M. 448.
[34] Smetanko, A.V. 2013. The modern approach to definition of internal audit and its main functions in the corporate joint-stock company management system. Bulletin of Taganrog Institute of Management and Economics, 2 (18): 22-25
[35] Study of the current status and trends of development of internal audit in Russia, 2015. Available at: http://www.ey.com/Publication/vwLUAssets/EY-internal-audit-2016/$FILE/EY-internal-audit-2016.pdf, page 10
[36] The annual Russian Bank report for 2015. https://www.cbr.ru/publ/God/ar_2015.pdf, generally the Russian banking sector adapted to difficult macroeconomic conditions and preserved its stability. However, first time from 2003, the gross value added was decreased in the financial services sector [The annual Russian Bank report for 2015. https://www.cbr.ru/publ/God/ar_2015.pdf
[37] The enterprise’s personnel audit and controlling. 2012. ed. prof. Shlender, P.E. M.: University textbook. 224.
[38] Verkeyeva, E.V. 2010. Accounting and analytical maintenance of the internal audit system at an enterprise - Thesis Abstract 08.00.12 – Yoshkar-Ola – 2010 – 20
[39] International Standards for the Professional Practice Internal Auditing, 2012. Available at: https://na.theiia.org/standards-guidance/Public%20Documents/IPPF%202013%20English.pdf
Published
2017-06-06
How to Cite
MUKHINA, Albina. A Model of Internal Audit in the Company Management System. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 1, p. 128-143, june 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1138>. Date accessed: 29 mar. 2024.