ПРОБЛЕМИ, СВЪРЗАНИ С ДОКУМЕНТИРАНЕТО И ДОКЛАДВАНЕТО НА РЕЗУЛТАТИ ОТ ВЪТРЕШНИЯ ОДИТ В ПУБЛИЧНИЯ СЕКТОР
ISSUES, RELATED TO DOCUMENTING AND RESULTS REPORTING FROM INTERNAL AUDIT IN THE PUBLIC SECTOR

Author(s): Marieta Spasova
Subject(s): Accounting - Business Administration
Published by: Икономически университет - Варна
Keywords: internal audit; independence; objectivity; documentation; reporting results
Summary/Abstract: Audit activity in the public sector is essential due to the specialized provision of an independent and objective opinion to stakeholders. Auditing in the public sector is carried out by external audit bodies and by internal auditors. Regardless of the specific features, these bodies use similar tools. In many cases, the audit teams of the different institutions share information from the results documented by other auditors, achieving audit resource savings. The professionally conducted audit greatly facilitates decision-making, as managers who effectively use these services have a greater ability to identify the risks that threaten them. Introducing guidance to identified weaknesses and errors requires that the information be presented in an appropriate volume, structure and clarity to provide additional analysis and conclusions. Misunderstanding or lack of understanding on the part of management could lead to management decisions that are not based on information in its entirety and completeness.

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