SPECIFICS OF EFFICIENCY AUDIT IN THE SYSTEM OF INTERNAL FINANCIAL CONTROL OF MINISTRY OF INTERIOR AFFAIRS OF RUSSIA

ОСОБЕННОСТИ АУДИТА ЭФФЕКТИВНОСТИ В СИСТЕМЕ ВНУТРЕННЕГО ФИНАНСОВОГО КОНТРОЛЯ В МВД РОССИИ

Shakova Fatima (Шакова, Ф. М.), Shkhagoshev Rustam (Шхагошев Р.В.) and Cardanov Azamat (Карданов, А. М.)
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Shakova Fatima (Шакова, Ф. М.): North Caucasian state humanitarian technological academy
Shkhagoshev Rustam (Шхагошев Р.В.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration
Cardanov Azamat (Карданов, А. М.): South-Russia Institute of Management – branch of Russian Presidential Academy of National Economy and Public Administration

State and Municipal Management Scholar Notes, 2019, vol. 1, 161-169

Abstract: This article considers the concept of internal control, which is an integral element of each stage of management and "separate" stage, providing information transparency for the quality of the process. Its purpose is effective use of budgetary funds, safety of financial and non-financial assets of the institution, compliance with legal requirements and submission of reliable reports. The system may include other activities and matters subject to internal control in the institution. Understanding the importance of the internal control system assessment during the audit, we concluded that the internal control system is the current system of prevention, detection and correction of errors and inaccuracies in accounting entries and budget financial statements; the internal control system is created to improve the activities of the institution, and is the basis for audit planning. Evaluation of the internal control system is an essential stage of the audit and affects the choice of methods of collecting audit evidence. An effective system of internal control, in turn, also reduces the audit risk during the external and internal audit.

Keywords: Internal control; internal audit; objects of control; types and forms of control; provisions of internal regulatory documents; integral indicator of the effectiveness of control measures of internal financial control (search for similar items in EconPapers)
Date: 2019
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