The Role and Significance of Internal Audit as an Effective System of Internal Control in Business Entities

Abstract

The article considered issues related to the field of internal audit, that is, studies were conducted on the role of
the internal control system in achieving its effectiveness. The significance of the research area is logically revealed, the
goals and procedure for conducting internal audit are disclosed. The issues of the organization of internal audit and its
functioning as a tool for solving the company’s problems in order to increase the efficiency of its activities and investment
attractiveness are disclosed. From an economic and scientific point of view, the study becomes relevant in connection
with the above problems and the proposed solutions.