CURRENT STATE, ADVANTAGES AND PRIORITY DIRECTION OF THE PROFESSIONAL PRACTICE OF INTERNAL AUDIT DEVELOPMENT FOR THE PROTECTION AND VALUE ENHANCEMENT OF THE DOMESTIC CREWING BUSINESS

Abstract

In the period of martial law, the issue of protecting and value enhancement of the crewing business is particularly acute. International shipping companies that have representative offices in Ukraine in order to staff the crews with Ukrainian maritime specialists, require decisive actions and effective decisions from the managers of crewing enterprises to protect their capital. The professional practice of internal audit, which is an effective solution for anti-crisis management of the enterprise and is actively used abroad. has not gained significant popularity in Ukraine due to insufficient attention to the issues of organization and popularization of internal audit in the private sector. The purpose of the study is to determine the current state of development, the advantages of introducing internal audit into the activities of crewing enterprises, which function as separate divisions of shipping companies, and the priority direction of the development of the professional practice of internal audit for the protection and value enhancement of the domestic crewing business. Research methods are analysis, synthesis, analogy. The analysis was used in the study of scientific literature and world practices on the implementation of professional internal audit in the activities of enterprises. Synthesis and analogy were used to adapt the conceptual framework of the professional practice of internal audit, including standards, guidelines, recommendations, best practices and concepts of scientific researchers in the study of the role, benefits and priority direction of the development of the professional practice of internal audit for the protection and value enhancement of the domestic crewing business. According to the results of the study, it was established that the implemented internal audit function will help to protect and increase the value of the enterprise by applying a systematic, consistent and risk-based approach to increasing efficiency and improving corporate governance, control and risk management. Internal audit will ensure the construction of better corporate governance practices in collaboration with the owner and management of the business, will contribute to anti-crisis management of the enterprise and the solution of numerous problems related to quality certification, the effectiveness of risk management, control and corporate governance. The practical value of the research results lies in the awareness of the value and advantages of internal audit for domestic business during the period of martial law, which will contribute to increasing interest in the introduction of professional internal audit practices in the activities of crewing enterprises that function as separate divisions of shipping companies for the protection and value of business.