ISSUE OF SIZING THE INTERNAL AUDIT STRUCTURES IN THE PUBLIC SECTOR OF THE REPUBLIC OF MOLDOVA

Abstract

Internal audit of the public sector has established its position and role in the public finance management system of the Republic of Moldova. The managers of public institutions and authorities are increasingly aware of the importance and added value of establishing an effective internal audit function in their entities. This publication aims to analyze the issue of sizing the internal audit structures, taking into account the implementation of quality assurance tools recommended by international standards and good practices in the field. Internal audit activity, like any other activity within an entity, needs proper resources to support its performance in order to achieve the objectives for which this activity has been created. For this purpose, a general analysis of the criteria for estimating the resource for internal audit subdivisions will be taken into account.

Keywords

• public internal financial control
• internal audit
• public entity
• sizing criteria
• international standards