THEORETICAL, METHODOLOGICAL AND PRACTICAL ISSUES OF INTERNAL FINANCIAL AUDIT IN THE PUBLIC SECTOR

The article considers the conceptual apparatus of internal financial audit, defines the regulatory aspects of its application, draws an analogy with classical audit, concludes that the process of transformation of the budgetary sphere and the introduction of internal audit into it is inevitable. The internal audit of the reliability of budget statements using a risk-based approach currently acts as a tool that will allow improving the effectiveness of control procedures and preventing possible risks of misinterpretation of economic categories and their subsequent incorrect reflection in the accounting system of budget accounting and reporting. Considering the novelty of the use of internal audit in the public sector, we consider it necessary to conduct a comprehensive review of this category.