FUNDAMENTALS OF INTERNAL AUDIT ORGANIZATION IN BUDGETARY ORGANIZATIONS
DOI:
https://doi.org/10.5281/zenodo.23644367Abstract
The article examines the organizational foundations of internal audit in budgetary organizations. The regulatory framework governing internal audit in the public sector is systematized into four levels, and the advantages and limitations of in-house, centralized, and co-sourced organizational models are compared. Based on the analysis, a matrix for selecting an internal audit organizational model according to budget size and risk level, as well as a procedure for determining the required number of internal auditors, is proposed. The key elements of independence, the internal audit charter, and the quality assurance system are substantiated.Keywords
internal audit, budgetary organization, organizational model, independence, internal audit charter, audit committee, staffing, quality assuranceReferences
1. Oʻzbekiston Respublikasining 26.12.2013-yildagi “Oʻzbekiston Respublikasining Budjet kodeksini tasdiqlash toʻgʻrisida”gi O‘RQ-360-sonli Qonuni, https://lex.uz/docs/-2302187
2. Oʻzbekiston Respublikasi Prezidentining 28.01.2022-yildagi “2022 — 2026-yillarga moʻljallangan Yangi Oʻzbekistonning taraqqiyot strategiyasi toʻgʻrisida”gi PF-60-sonli Farmoni, https://lex.uz/ru/docs/-5841063
3. Oʻzbekiston Respublikasining 13.04.2016-yildagi “Buxgalteriya hisobi toʻgʻrisida”gi Oʻzbekiston Respublikasi Qonuniga oʻzgartish va qoʻshimchalar kiritish haqidagi O‘RQ-404-sonli Qonuni, https://lex.uz/docs/-2931253
4. Oʻzbekiston Respublikasining 25.02.2021-yildagi “Auditorlik faoliyati toʻgʻrisida”gi O‘RQ-677-sonli Qonuni, https://lex. uz/docs/-5307886
5. COSO. Internal Control – Integrated Framework / COSO. – COSO, 2013.
6. European Commission. Compendium of the Public Internal Control Systems in the EU Member States / European Commission. – Luxembourg: Publications Office of the European Union.
7. INTOSAI. Guidelines for Internal Control Standards for the Public Sector: INTOSAI GOV 9100 / INTOSAI. – 2004.
8. INTOSAI. Internal Audit Independence in the Public Sector: INTOSAI GOV 9140 / INTOSAI. – 2010.
9. Moeller, R. R. (2016). Brink’s Modern Internal Auditing: A Common Body of Knowledge / R.R. Moeller. Wiley.
10. PEFA Secretariat. Framework for Assessing Public Financial Management / PEFA Secretariat. – Washington, 2016.
11. Pickett, K. H. S. (2010). The Internal Auditing Handbook / K.H.S. Pickett. John Wiley & Sons.
12. The, I. I. A. (2009). Research Foundation. Internal Audit Capability Model (IA-CM) for the Public Sector / The IIA Research Foundation.
13. The Institute of Internal Auditors (IIA). Global Internal Audit Standards / The Institute of Internal Auditors. – Lake Mary: The IIA, 2024.
14. The Institute of Internal Auditors (IIA). The IIA’s Three Lines Model: An Update of the Three Lines of Defense / The Institute of Internal Auditors. – Lake Mary: The IIA, 2020.
Downloads
Published
How to Cite
Issue
Section
