Quality of Internal Auditing in the Public Sector

This book examines key methodological and organizational questions with regard to assessing the quality of internal audits. By studying the status quo of these audits in the public sector, including municipalities, it identifies relevant weaknesses, loopholes and issues. In addition, the book assesses the strengths and weaknesses of the approved control system to explain the reasons why, and conditions under which, internal audits are ineffective, and proposes new metric and non-metric indicators to improve the quality of internal auditing.

Given its scope, the book offers a valuable guide for anyone responsible for financial controls and internal audits, and will appeal to students and financial practitioners alike.

Considers theoretical and empirical aspects of accounting Proposes a new approach to internal audits for public sector organizations Discusses metric and non-metric indicators in auditing

Auteur

Plamena Nedyalkova is the chief assistant at the Department of Accounting, Economic University of Varna, Bulgaria and a certified internal auditor at the Ministry of Finance. Also a member of the Institute of Internal Auditors in Bulgaria, she has gathered extensive professional experience as an accountant, chief accountant, and assistant auditor. She defended her doctoral dissertation on "The Principles of Financial Control Applied by the State Financial Inspection Agency" in 2013. In addition, she has published in the fields of accounting, financial control, and internal audits for public sector organizations.

Contenu
Introduction.- Part I. Theoretical Aspects of Assessment and Evaluating as an Internal Audit Process.- Chapter 1. Essential Characteristic of the Control Assessments, Incl. Internal Audit.- Chapter 2. Specificities and Characteristics of the Assessment Basis in the Context of Internal Audit.- Chapter 3. Types of Control Assessments Applied in Control Practice.- Chapter 4. Specifics of the Assessment as a Process of Internal auditing.- Part II. Practical aspects of the methodology for evaluating the internal audit in the public sector.- Chapter 5. Evaluation as a means of Assessing the Quality, Effectiveness and Efficiency of Internal Audit.- Chapter 6. Evaluation Criteria and Indicators for Quality Assessment of Internal Audit.- Chapter 7. Metric and Non-metric Indicators for Assessing the Quality of Internal Audit in the Public Sector. Specificity and Application of the Assessment Scales.- Chapter 8. Presentation of the Dependence Between the Chosen Approach for Implementing the Internal Audit and the Methods for Assessing the Quality of Internal Audit in the Public Sector.- Part III. Empirical Research and Analysis of Current Trends in Internal Audit Quality Assessment.- Chapter 9. Testing of the Value Added Metric of the Internal Audit for the Municipality of Varna for the Period 2011 to 2016.- Chapter 10. Testing the VAIA Metric Indicator (Value Added of Internal Audit) and Internal Audit Quality Determination for the municipality of Dobrich for the period 2011 to 2016.- Chapter 11. Empirical study of the VAIA metric (value added of internal audit) and Determination of the Internal Audit Quality for Shumen Municipality for the Period 2011 to 2016.- Chapter 12. Empirical Study of the VAIA Metric Indicator (internal audit value added) and Internal Audit Quality Assessment for the 23 Municipalities for the Period 2011to 2016.- Chapter 13. Applicability of Other Models for Internal Audit Quality Assessment.- Chapter 14. Presentation of the Foreign Practice on the Assessment of the Internal Audit Quality in Public Sector Organizations.- Chapter 15. Problems in Internal Audit Quality Assessment.