THE CONCEPT OF INTERNAL AUDIT IN THE PERIOD OF ADAPTATION INTERNATIONAL STANDARDS OF ACCOUNTING AND AUDITING

Abstract

Article deals with issue оf definition and essence of internal audit, and on need to clarify it in connection with expanding the list of performed functions. Special attention is paid to the development of the concept of internal audit system, which is focused on the market system of world level and adaptation to the international standards on auditing. Determined that further development of the internal audit should take into account the understanding of foreign experience, in-depth research in the field of theory, and, above all, the development of the concept of internal audit, which should be linked to the development of businesses. In this article, the conceptualization of the Internal Audit Management in the corporation is offered and based on the perspective of systematic approaches and cyclical process. The developed by us conceptualization of the Internal Audit Management is the synthesis of elements and it gives us an introduction of the whole system of the Internal Audit Management, dividing the subject and process of the Internal Audit Management. Proposed a conceptual model of internal audit maximally harmonize the practical application of international internal audit standards.