Efficiency of an internal audit of companies' business processes

Regina V. Nagumanova; Aigyl I. Sabirova; Nadezhda G. Titova

Regina V. Nagumanova Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia
Aigyl I. Sabirova Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia
Nadezhda G. Titova Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Keywords: Internal audit, business process, control, efficiency of an internal audit, business

Abstract

The article suggests an approach to assessing the effectiveness of the process of “An internal audit of business processes from purchase to payment”, which allows to visually monitor the dynamics and the actual achievement of the process of the specified indicators. It is explained by the fact that the objective assessment is achieved by means of correlation between factual and planned values, which allows to determine how the operation of the process is close to achieving the goal. Assessment of the functioning of the process of “An internal audit of business processes “from purchase to payment” is advisable to carry out on two indicators: effectiveness and efficiency. Along with the implementation of the internal audit model of the business process it is necessary to improve the risk management system, document key risks and existing control procedures in the context of individual business processes.

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Author Biographies

Regina V. Nagumanova, Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia

Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia

Aigyl I. Sabirova, Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia

Kazan Federal University, Institute of Management, Economics and Finance, Kazan, Russia

Nadezhda G. Titova, Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

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