Internal audit evaluation and its strategy development in Serbia
Globalization and the rapid growth and development of modern businesses opens many critical areas of internal audit functions, and thus made difficult its further progress and improvement. Many global institutions know that steady and continuous training of internal audit is the only real way to fur...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Novi Sad - Faculty of Economics, Subotica
2015-01-01
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| Series: | Anali Ekonomskog fakulteta u Subotici |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2015/0350-21201534405I.pdf |
| _version_ | 1818414780733456384 |
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| author | Ilić Miloš Saković Dušan |
| author_facet | Ilić Miloš Saković Dušan |
| author_sort | Ilić Miloš |
| collection | DOAJ |
| description | Globalization and the rapid growth and development of modern businesses opens many critical areas of internal audit functions, and thus made difficult its further progress and improvement. Many global institutions know that steady and continuous training of internal audit is the only real way to further progress. The situation is similar in Serbia. Internal auditors in our country spend a lot of time on improving the profession. By that we mean regular attendance at scientific conferences, seminars, organized in accordance with the needs of the environment. So, internal audit in our country follows the trends in developed countries where internal audit is a serious segment of any organization. What is characteristic of internal audit in Serbia is that its role is recognized. Although almost all of our theory and practice agrees that internal audit in our country still does not have a lot of support, authority and status that should have, but they all agree that the basic characteristics of the internal audit adds value to the organization, that it is independent, objective and has a consulting role. In addition, it is believed that internal audit in Serbia has no major disadvantages. Generally speaking, all the values of internal audit in Serbia, classified by the Institute of Internal Auditors, clearly show that the strongest sides is that internal audit adds value to the organization and for the weakest is systems approach for evaluating the efficiency of the process. What enriches our internal audit is the knowledge of a large number of methods and techniques in their work. They are using various methods, all depending on the needs of the business environment and the needs of the owner. In addition, internal audit in Serbia is aware that the methods that are currently used will be overcome in the future. Therefore, they already planed the use of different methods in the future. In the end, we can only wonder whether the results of the internal audit in our country are really that good, as our theory and practice demonstrates. Despite the many positive assessments, we believe that internal audit in our country is still way behind the world trends. What can encourage us is that the internal audit in Serbia is aware of this and is working continuously on its improvement. |
| first_indexed | 2024-12-14T11:24:32Z |
| format | Article |
| id | doaj.art-ac3f498443134c0d8b993a4c8752b24b |
| institution | Directory Open Access Journal |
| issn | 0350-2120 2683-4162 |
| language | English |
| last_indexed | 2024-12-14T11:24:32Z |
| publishDate | 2015-01-01 |
| publisher | University of Novi Sad - Faculty of Economics, Subotica |
| record_format | Article |
| series | Anali Ekonomskog fakulteta u Subotici |
| spelling | doaj.art-ac3f498443134c0d8b993a4c8752b24b2022-12-21T23:03:36ZengUniversity of Novi Sad - Faculty of Economics, SuboticaAnali Ekonomskog fakulteta u Subotici0350-21202683-41622015-01-012015344054190350-21201534405IInternal audit evaluation and its strategy development in SerbiaIlić Miloš0Saković Dušan1Erste banka a. d. Novi Sad, SerbiaMK Grupa d.o.o. Novi Sad, SerbiaGlobalization and the rapid growth and development of modern businesses opens many critical areas of internal audit functions, and thus made difficult its further progress and improvement. Many global institutions know that steady and continuous training of internal audit is the only real way to further progress. The situation is similar in Serbia. Internal auditors in our country spend a lot of time on improving the profession. By that we mean regular attendance at scientific conferences, seminars, organized in accordance with the needs of the environment. So, internal audit in our country follows the trends in developed countries where internal audit is a serious segment of any organization. What is characteristic of internal audit in Serbia is that its role is recognized. Although almost all of our theory and practice agrees that internal audit in our country still does not have a lot of support, authority and status that should have, but they all agree that the basic characteristics of the internal audit adds value to the organization, that it is independent, objective and has a consulting role. In addition, it is believed that internal audit in Serbia has no major disadvantages. Generally speaking, all the values of internal audit in Serbia, classified by the Institute of Internal Auditors, clearly show that the strongest sides is that internal audit adds value to the organization and for the weakest is systems approach for evaluating the efficiency of the process. What enriches our internal audit is the knowledge of a large number of methods and techniques in their work. They are using various methods, all depending on the needs of the business environment and the needs of the owner. In addition, internal audit in Serbia is aware that the methods that are currently used will be overcome in the future. Therefore, they already planed the use of different methods in the future. In the end, we can only wonder whether the results of the internal audit in our country are really that good, as our theory and practice demonstrates. Despite the many positive assessments, we believe that internal audit in our country is still way behind the world trends. What can encourage us is that the internal audit in Serbia is aware of this and is working continuously on its improvement.https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2015/0350-21201534405I.pdfinternal auditvalue of internal auditinstitute of internal auditors (iia)serbiastrategy |
| spellingShingle | Ilić Miloš Saković Dušan Internal audit evaluation and its strategy development in Serbia Anali Ekonomskog fakulteta u Subotici internal audit value of internal audit institute of internal auditors (iia) serbia strategy |
| title | Internal audit evaluation and its strategy development in Serbia |
| title_full | Internal audit evaluation and its strategy development in Serbia |
| title_fullStr | Internal audit evaluation and its strategy development in Serbia |
| title_full_unstemmed | Internal audit evaluation and its strategy development in Serbia |
| title_short | Internal audit evaluation and its strategy development in Serbia |
| title_sort | internal audit evaluation and its strategy development in serbia |
| topic | internal audit value of internal audit institute of internal auditors (iia) serbia strategy |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0350-2120/2015/0350-21201534405I.pdf |
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