EVALUATION OF THE QUALITY OF ACTIVITY OF THE INTERNAL AUDIT UNIT IN BANKS SPECIALIZING IN SERVICE OF THE AGRARIAN SECTOR OF THE ECONOMY
Journal Title: Аграрна економіка - Year 2018, Vol 11, Issue 1
Abstract
The problem of Ukrainian banks is the lack of quality of the activities of the internal audit units. The methodology for assessing the quality of the activities of the internal audit units is undeveloped, since in their works, scientists, unfortunately, describe and develop it very briefly and superficially, or just overlook this issue. According to research results and existing practice, bilateral assessment of the audit (which is recommended by international standards and, more recently, the NBU) is the best option for its development, which should be developed. In developing our model of assessment, we focused on so-called «self-esteem», that is, internal assessment. So, this article deals with fundamental articles, international requirements and domestic legislation in the field of control of the quality of internal audit. We highlighted the main components of the internal control system. We also substantiated the role of the National Bank of Ukraine in control and improving the quality of internal audit activity in the banking sector. The article examines the criteria for evaluating the activities of individual auditors, audit teams and the internal audit division in general which are currently theoretically described or practically applied in domestic and foreign practices. We have identified criteria for evaluating the effectiveness of the internal audit system. The paper investigates the role and effect of internal audit activity. The result of the study is a system of indicators for assessing the internal audit divisions’ activities effectiveness. The number of factors have been proposed and the methods of the level of its indexes calculation have been developed. Examples of forms to be filled in during such an assessment are given. The paper presents examples of forms to be filled in the process of this assessment conducting.
Authors and Affiliations
Y. T. Kiyko
Keywords
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- EP ID EP442049
- DOI 10.31734/agrarecon2018.01.118
- Views 66
- Downloads 0
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