PRACTICE OF ORGANIZATION AND CONDUCT OF INTERNAL AUDIT IN SUPPORT OF PRODUCTION AND ECONOMIC ACTIVITY OF INDUSTRIAL ENTERPRISES

Abstract

The article examines the organization and conduct of internal audit in ensuring the production and economic activities of the enterprise. The main purpose of the study is to determine the conceptual foundations of the organization and conduct of internal audit in the system of production and economic activities of the enterprise. It is emphasized that the main purpose of the organization and conduct of internal audit of the enterprise is to confirm the effectiveness of its production and economic activities. It is proved that the practice of organizing and conducting internal audit should provide for the responsibility of the head and management accountability. The urgency of creating a special internal audit service for the effective conduct of a certain audit with the separation of powers is determined. Clarification of the conceptual foundations of the organization and conduct of internal audit of industrial enterprises is systematized in the form of a scheme containing the following elements: the task of conducting internal audit, stages of internal audit, and areas for improving internal audit. The peculiarities of the organization of internal audit at industrial enterprises are determined, among which the following are singled out: taking into account the specifics of the organization and production technology; formation of consolidated reporting; taking into account the policy and strategic directions of enterprise development. It is proved that the audit is one of the important components of the effective organization and conduct of internal audit of industrial enterprises and involves the implementation of certain procedures. It is determined that the process of reporting on the results of internal auditors is an important stage of internal audit and guarantees the full amount of information on the actual state of safe development of the enterprise to establish the significance of the identified shortcomings. The results of the research give grounds to assert that the conditions of sustainable functioning and development of all the most important business operations at the enterprise depend on the possibilities of proper organization of work and competent application of internal audit.