| Abstract [eng] |
Internal audit is a part of internal control system of a public legal entity which by internal auditors’ performance of independent, objective research, evaluation and consulting strives towards the improvement of activity of a public legal entity. The aim of internal audit is by systematic and comprehensive evaluation of risk administration and internal control to assist in realizing the aims of the activity of the public legal entity, public legal entities subordinate to it and attributed to the sphere of its administration. The audit system in the public sector of the Republic of Lithuania consists of the links of external and internal audit which act independently from each other and strive towards different aims, however, the objects of their audit can coincide. The internal control in the same subject of public sector at the same time can be evaluated by both external (State control, municipality control and audit services, audit enterprises) and internal (internal audit services) auditors. So it is especially important to evaluate the internal control system by mutual cooperation and following general methods and principles. In the Republic of Lithuania the internal audit in the viewpoint of practical activity and legal regulation is constantly changing. The aim of all the prepared methods and recommendations of internal audit is to assist the internal audit services of the institutions of public sector in organizing the performance of internal audit and evaluation of the activity of these institutions. The research paper is relevant, as the internal audit as a process that is constantly improving influences the organizational development of the very organization which is very closely linked with the effectiveness of administration and modernization of the public sector. The success of the activity of an organization depends on the adaptation of audit methods to the changes of environment. The research is relevant in wishing to improve the regulatory system, flexibly employing amendments in the legal acts regulating the internal audit in the public sector. The problem of the research paper: it is not sufficiently clear what the value of audit in the public sector is. The object of the research paper: The value of internal audit in the public sector. The aim of the research paper: To analyse the role of internal audit in the public sector. The tasks of the research paper: 1. To describe the conception of audit in the public sector. 2. To review / analyse the scientific articles and studies on the public sector audit and the benefit given by it. 3. To review the system of audit of the public sector in Lithuania and abroad. 4. To elucidate the value and benefit of internal audit in the public sector. For the research of the problems the qualitative research type was chosen. The data for conducting the research were obtained by employing semi-structured interview method. The principal results of the research. The analysis of scientific literature has revealed the principal features, significance of internal audit and the experience of foreign states. The empirical research has revealed the problems of audit of the public sector. The results of the research can be employed for recommendations on how the process of internal audit in the public sector can be improved. |
