Year of Graduation
Enhancement of Control Environment Audit Methodology on the Example of Business Process «Personnel Policy Development»
Nowadays Internal audit services of large companies face the problem of raising the efficiency of internal control system audits. In conditions of auditors’ resources scarcity it turns out to be very important to improve the process of internal audits. In the paper one of possible ways of this process optimization seems to be a conduct of a control environment audit. In the paper the reasonability of chosen way is approved and the main target of the research is defined. It proves to be an enhancement of control environment audit methodology by control environment audit technique development (on the example of business process «Personnel policy development») for control environment efficiency assessment and priority rating of different business processes’ internal control system audits. The main tasks of the paper prove to be:1. Defining the nature of control environment, its place in internal control system of a company;2. Defining the internal control system audit, its methods and deficiencies;3. Development of control environment audit technique of business processes;4. Planning of control environment audit due to developed technique on the example of business process «Personnel policy development»;5. Development of the risk assessment model of business process «Personnel policy development»;6. Provision of recommendations for enhancement of internal control system audit methodology.In writing of the paper domestic and foreign literature, audit standards and practice guides were used. Analytical work was executed with the help of heuristic methods like analytic hierarchy process, rating, testing.Here are the results of the research:1. Development of Control environment audit technique of business processes lets range internal control system audit projects due to their importance and influence on the company’s ability to achieve its targets;2. The risk assessment model of business process «Personnel policy development» was developed;3. Recommendations for enhancement of internal control system audits were defined.