Development of the approaches to the classification and groups of the tasks fulfilling by the internal auditors

Abstract

The aim of the article is critical rethinking and revision of types of tasks that can be performed within internal audit, given the development of internationally recognized professional organizations in this area, including the Institute of Internal Auditors.

It is proved a necessity of classification of tasks performed within internal audit based on international standards of professional practice of internal auditing, developed by the Institute of Internal Auditors, using requirements of International Standards on Quality Control, audits, reviews, other assurance and related services the Council on international auditing standards and Assurance International Federation of Accountants. It is proved that the tasks performed by internal audit, represented by two groups: the task of assurance and advisory tasks, emphasizing the need to review the traditional classification. It is proposed classification and it is specified names of assurance engagements depending on the subject of verification (historical financial information and other objects, processes, structures, etc.) to the actual separation of auditing and other assurance engagements. Kinds of tasks are investigated depending on the distribution of functions between the internal auditors and the responsible party with the possibility of isolating the party who evaluates or measures the subject task. Peculiarities of relationships of these parties for internal audit are revealed. Examples of tasks based on allegations and direct tasks that can be performed by internal auditors are considered.

These projects could be the basis for the development of internal audit Charter for each organization and used to refine the list of names and assurance engagements as part of the audit services performed by external and internal auditors.