Organisational and methodological support of internal audit and conceptual approaches to its improvement

Issue 56, 2024

Aigul Mukhamejanova, Bakhytzhamal Zhumatayeva, Kalyash Primzharova, Galiya Ukubassova, Talap Zhumartov

Received 22.01.2024, Revised 06.04.2024, Accepted 18.06.2024

https://doi.org/10.54919/physics/56.2024.249pf8

Abstract

Relevance. The study addresses the ongoing need to improve the organisational and methodological support of internal audits. In a competitive environment, companies require an effective management system and an internal audit subsystem. Developing the concept of internal auditing in enterprise management is crucial.

Purpose. This study is aimed at reviewing and studying the organisational and methodological support of internal audit and the search for conceptual approaches to improve it.

Methodology. The study uses synthesis and analysis, deductive and inductive methods, and comparative analysis, along with a review of related research papers.

Results. The paper presents problematic issues in the development of internal audits and their solutions. Increasing requirements for management efficiency necessitate the functional activation of internal audits as an integral part of the internal control system of organisations. Such trends require a qualitative and new theoretical understanding of their essence and role in enterprise management. Internal auditing allows the organisation to attain its own strategic goals and objectives by using a methodical and controlled approach to calculating and increasing the level of effectiveness of risk management processes, their switch, and management.

Conclusions. This study can be used to investigate the concept of an internal audit. The presented information is of particular value for practitioners and theorists in this area since it is aimed at considering the organisational and methodological support of internal audit and at finding conceptual approaches to improve its implementation.

Keywords: accounting; financial accounting; internal control; management

Suggested citation

Mukhamejanova A, Zhumatayeva B, Primzharova K, Ukubassova G, Zhumartov T. Organisational and methodological support of internal audit and conceptual approaches to its improvement. Sci Herald Uzhhorod Univ Ser Phys. 2024;(56):2498-2506. DOI: 10.54919/physics/56.2024.249pf8

Download article

References

  1. Ahmed HN. Internal audit effectiveness: Resource-based and institutional perspectives. Aust J Basic Appl Sci. 2015;9(9):95-104.
  2. Barlybayev A, Sharipbay A. An intelligent system for learning, controlling and assessment knowledge. Inform (Japan). 2015;18(5):1817-1827.
  3. Babak VP, Babak SV, Eremenko VS, Kuts YV, Myslovych MV, Scherbak LM, Zaporozhets AO. Models of Measuring Signals and Fields. Stud Syst, Decision Contr. 2021;360:33-59. DOI: 10.1007/978-3-030-70783-5_2
  4. Babak VP, Babak SV, Myslovych MV, Zaporozhets AO, Zvaritch VM. Simulation and software for diagnostic systems. Stud Syst, Decision Contr. 2020;281:71-90. DOI: 10.1007/978-3-030-44443-3_3
  5. Denissova O, Konurbayeva Z, Zakimova A, Rakhimberdinova M. Evaluation of import substitution potential of products from secondary raw materials of animal husbandry. J Environm Manag Tour. 2021;12(2):341-356. DOI: 10.14505//jemt.v12.2(50).04
  6. Chikwiri TM, de la Rosa SP. Internal audit’s role in embedding governance, risk, and compliance in state-owned companies. South Afr J Acc Aud Res. 2015;17(1):25-39.
  7. Omurzakova A, Shalbolova U, Mukhanova G. Risk assessment of social public-private partnership projects. Publ Policy Admin. 2022;21(2):140-150. DOI: 10.13165/VPA-22-21-2-11
  8. Cimatti B. Definition, development, assessment of soft skills and their role for the quality of organizations and enterprises. Int J Qual Res. 2016;10(1):97-130.
  9. Balbayev G, Ceccarelli M, Ivanov K. An experimental test validation of a new planetary transmission. Int J Mech Contr. 2014;15(2):3-7.
  10. Eremenko V, Zaporozhets A, Babak V, Isaienko V, Babikova K. Using hilbert transform in diagnostic of composite materials by impedance method. Period Polytechn Electr Engin Comp Sci. 2020;64(4):334-342. DOI: 10.3311/PPee.15066
  11. DeZoort FT, Harrison PD. Understanding auditors’ sense of responsibility for detecting fraud within organizations. J Bus Eth. 2018;149:857-874.
  12. Oshurko AP, Oliinyk IY, Kuzniak NB, Fedoniuk LY. Morphometric analysis of topographic variability of the left and right mandibular canals in case of loss of the masticatory teeth. Wiad Lek. 2022;75(3):664-669.
  13. Jacka JM. How’s your EQ?: Emotional intelligence can help auditors build and maintain positive, productive relationships throughout the organization. Int Aud. 2018;75(1):36-41.
  14. Zaporozhets A, Babak V, Sverdlova A, Isaienko V, Babikova K. Development of a system for diagnosing heat power equipment based on IEEE 802.11s. Stud Syst, Decision Contr. 2021;346:141-151. DOI: 10.1007/978-3-030-69189-9_8
  15. Babak V, Zaporozhets A, Kuts Y, Scherbak L, Eremenko V. Application of material measure in measurements: Theoretical aspects. Stud Syst, Decision Contr. 2021;346:261-269. DOI: 10.1007/978-3-030-69189-9_15
  16. Aliaskar M, Mazakov T, Mazakova A, Jomartova S, Shormanov T. Human voice identification based on the detection of fundamental harmonics. In: ENERGYCON 2022 - 2022 IEEE 7th International Energy Conference, Proceedings. Riga: Institute of Electrical and Electronics Engineers; 2022. DOI: 10.1109/ENERGYCON53164.2022.9830471
  17. Malsch B, Salterio SE. "Doing good field research": Assessing the quality of audit field research. Aud J Pract Theor. 2016;35(1):1-22.
  18. Silagadze A, Atanelishvili T, Silagadze N. Covid Depression and Search for a New Paradigm. Bull Georg Nation Acad Sci. 2022;16(1):121-126.
  19. Narayanaswamy R, Raghunandan K, Rama DV. Internal auditing in India and China: Some empirical evidence and issues for research. J Acc Aud Fin. 2018;34(4):511-523.
  20. Naidoo I. Audit and evaluation: Working collaboratively to support accountability. Evaluation. 2019;26(2):177-189.
  21. Yaremchuk NI, Oshurko AP, Oliinyk IY. Age assessment of the dynamics of morphological rearrangement of bone tissue of the articular processes of the human lower jaw depending on the loss of the masticatory teeth. Pol Merkur Lek. 2023;51(2):120-127. DOI: 10.36740/Merkur202302103
  22. Oshurko AP, Oliinyk IY, Kuzniak NB. Anatomical and topographic classification of the mandibular canal with bone atrophy caused by the loss of the masticatory teeth. Roman J Stomatol. 2022;68(4):160-166. DOI: 10.37897/RJS.2022.4.1
  23. Dacheva SR, Piven IG. Internal audit in the management of organizations: Tasks, principles, features. Econ Bus Theor Pract. 2020;4-2(62):65-68.
  24. Lapalme J, Kabiwa V, Tardif P-M. Relationship between information technology auditors and auditees and their impacts on auditors. Int J Eng Bus Manag. 2019;11.
  25. Tyliszczak B, Drabczyk A, Kudłacik-Kramarczyk S, Grabowska B, Kȩdzierska M. Physicochemical properties and cytotoxicity of hydrogels based on Beetosan® containing sage and bee pollen. Acta Biochim Pol. 2017;64(4):709-712. DOI: 10.18388/abp.2017_2319
  26. Tyliszczak B, Gaca KZ, Sobczak-Kupiec A, Dulian P. Mechanochemical synthesis and investigations of calcium titanate powders and their acrylic dispersions. J Eur Ceram Soc. 2014;34(10):2259-2264. DOI: 10.1016/j.jeurceramsoc.2014.02.020
  27. Christopher J. The failure of internal audit: Monitoring gaps and a case for a new focus. J Manag Inq. 2018;28(4):472-483.
  28. Ukubassova GS, Primzharova KK, Daribayeva AK, Galiyeva AH, Nurgaliyeva AS. The development of small and medium-sized enterprises in the modernization of industrial production in the case of the power complex enterprise. Ind Eng Manag Syst. 2020;19(1):103-119.
  29. Dzomira S. Corporate governance and performance of Audit Committee and internal audit functions in an emerging economy’s public sector. Ind J Corp Gov. 2020;13(1):85-98.
  30. Pētersone M, Ketners K, Krieviņš D, Erins I. Strategic purchasing and health system efficiency: Prospects for health sector reform in Latvia. WSEAS Transact Busin Econ. 2020;17:41-50.
  31. Pētersone M, Ketners K, Krieviņš D, Erins I, Rakauskiene OG, Eriņa I. Network for Disease-Specific Networking Strategy to Increasing of Public Value: Latvia’s Approach. Lect Notes Networks Syst. 2021;267:363-370. DOI: 10.1007/978-3-030-80876-1_46
  32. Voitovych V, Emelianova O, Tytok V, Pokolenko V, Pylypchuk O. Optimization of the Load of Production Units of the Construction Company. WSEAS Transact Inform Sci Applic. 2023;20:228-237. DOI: 10.37394/23209.2023.20.26
  33. Sinoimeri D, Teta J. Supply Chain Management Performance Measurement. Case Studies from Developing Countries. Int J Membr Sci Technol. 2023;10(2):1323-1331. DOI: 10.15379/ijmst.v10i2.1380
  34. Rexhepi BR. Taxes as a source of public monetary income in the Republic of Kosovo. Qual - Access Success. 2023;24(195):69-79. DOI: 10.47750/QAS/24.195.09
  35. Zyryanova TV, Terekhova OE. Methodological approaches to the implementation of internal audit in the enterprise management system. Econ Anal Theor Pract. 2007;2:2-13.
  36. Kalinina IN, Mokoseeva MA, Dulunts KA. Internal audit planning. Nat Hum Res. 2021;1(33):234-238.
  37. Labusheva YaG. Internal audit in an insurance company. Infras Sect Econ Prob Dev Prosp. 2016;12:89-92.
  38. Adamenko AA, Duritsina IV. Interaction of accounting employees with auditors and consulting firms. Econ Manag Anal Trends Dev Prosp. 2016;27:113-118.
  39. Getmanova KS. Controlling the quality of internal audit. Cont Innov. 2018;4(26):28-30.
  40. Coetzee P, du Plessis A. Face-to-face soft skills for entry-level internal auditors: A practice perspective. Ind High Educ. 2020;35(2):125-136.
  41. Revak I, Kondro IV. Sectoral analysis of import dependence of Ukraine's economy. Social Legal Stud. 2020;3(3):145-153. DOI: 10.32518/2617-4162-2020-3-145-153
  42. Kolesnik AL. Internal audit of government contracts. Transp Bus Russ. 2016;6:101-103.
Make a Submission

Indexing

info@physics.uz.ua