| Abstract [eng] |
Internal control is significant not only for the enterprise itself but also for the auditors who audit an enterprise. International standards of audit indicate that an auditor must refer to the results of internal control in order to avoid misrepresentation. The Standards point out to the character of procedures of audit, its time and extent. The effectiveness of internal control makes direct influence on evaluation of risk. Consequently, an auditor having no opportunity to properly evaluate the system of internal control of an enterprise might draw a wrong conclusion. Thus business partners of an enterprise might make incorrect decisions. Object of this study is the efficiency of internal control to the risk of audit. Purpose - the development of the methodology of estimation of the efficiency of internal control to the risk of audit. The goals - to analyse the notion of internal control; to compare the suggested models of internal control and analyse the elements of internal control; to analyse the interpretations of notions of risk of audit and justify the connection of that risk to internal control, to identify and analyse the system of internal control in some enterprises in Kaunas sustaining the results of inquires; to justify the efficiency of internal control to the estimation of audit risk sustaining the results of inquires; sustaining the analyses of scientific works and the results of empirical survey to give the methodology of estimation of the efficiency of internal control to the risk of audit while auditing. This work contains 3 parts. The paper consists of 93 (without additions) pages There are 50 pictures, 15 tables, 39 appendixes and 108 sources of literature. The scientific novelty, theoretical and practical significance of this paper is shown by the exhaustive analyses of notion of internal control, which refers to scientific and newly published regulations of internal control. It is the first time when different models of internal control in different countries (Canada, the USA and the UK) are analysed in details. It tries to justify the influence of one of the most efficient factors of internal control to audit risk. The methodology of estimation of the efficiency of internal control to the risk of audit while auditing is created. Thus this paper can be used as theoretical and practical basis for audit. |
