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

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