The evaluation system as a tool for improving the quality of internal audits

The expansion of the practice of using internal audit both in current (operational) activities and in solving the company's strategic objectives necessitates the establishment of an appropriate internal audit assessment system. The purpose of this study is to examine the formation and establishment of possible assessment indicators for both the internal audit function as a whole and individual internal auditors. The implementation of assessment criteria should be preceded by an analysis of the necessity and timeliness of establishing such an assessment system. The study includes a review of relevant legal documents and scientific research on the subject matter. The set of criteria to be evaluated is determined by each company independently and depends on various characteristics, such as the role of internal audit and the functions performed by the company, or the number of employees in the internal audit department. Within the framework of the studied topic, practical examples of indicators of the assessment of internal audit depending on the object evaluated in the internal audit system: function or internal auditor are given. Based on the results of the study, the author has proposed additional options for assessment, in particular, based on the principles of internal audit approved in the company, as well as applying a statistical and analytical approach within the framework of the conducted audit.