THE IMPORTANCE OF IDENTIFYING AND MONITORING RISK INDICATORS IN RISK-BASED INTERNAL AUDITI
Keywords:
Monitoring system, risk criteria, information transparency, management decisions, risk identification.Abstract
This article analyzes the importance of identifying and monitoring risk indicators in organizing a risk-based internal audit. During the study, international standards of internal audit (IIA, COSO ERM model) and approaches described in modern scientific sources were studied. Correctly identifying risk indicators in enterprises and their regular monitoring are of great importance in increasing audit efficiency, strengthening financial discipline, and substantiating management decisions. In particular, the article covers the procedure for identifying risk indicators and dividing them into criteria in a risk-based internal audit. The importance of monitoring the identified risks through a monitoring system is reflected.
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