ORGANIZATION OF INTERNAL AUDIT OF NON-FINANCIAL ASSETS OF GOVERNMENT INSTITUTIONS

Abstract

The publication highlights the issues of organizing internal audit of non-financial assets of government institutions as an effective tool for ensuring economic security and optimizing management processes. The relevance of studying the issues of organizing internal audit in order to develop ways to improve them is proven. The theoretical foundations of internal audit are analyzed, the specifics of non-financial assets in the public sector are outlined, and the main problems and ways to solve them are identified. It is established that the topic of organizing internal audit in government institutions is the subject of research by many scientists. In particular, numerous publications highlight various aspects of improving the legislative framework of internal efficiency audit, developing software to automate the internal efficiency audit process, and developing national standards that are interconnected with international ones. The place of internal audit in the system of other types of audit, in particular, independent state and independent private, is determined. A comparative analysis of existing audit models is applied. A number of factors influencing the formation of an effective system of internal audit of non-financial assets of state institutions have been identified. It has been determined that the most urgent challenges in the organization of internal audit of non-financial assets are: a shortage of professional personnel with appropriate competencies, the presence of cases of discrediting the profession of internal auditor, uncertainty of state policy regarding the development of the profession of internal auditor. A close relationship has been established between the level of accounting support for the management of non-financial assets and the level of organization of internal audit in state institutions. The effectiveness of continuous monitoring in the process of conducting all stages of internal audit has been proven. Research directions for the future have been outlined: the introduction of digital technologies, improving the skills of auditors and integrating the audit function into strategic management.