Methodological aspects of planning internal risk-oriented audits of financial and economic activities of budgetary institutions of higher education

The article considers organisational and methodological aspects of the process of planning internal audits of financial and economic activities (hereinafter referred to as FEA) of budgetary institutions of higher education using a risk-based approach. The article provides the author’s personal interpretations of the concepts of “financial and economic activities of universities” and “financial and economic process”, developed criteria for assessing the probability and significance of the consequences of violations in the FEA of universities and identifies the signs by which this can be determined. The article also envisages the problem of establishing the resource intensity of each internal audit and the necessary amount of resources for their implementation within the framework of subsequent control. The author presents a general scheme for implementing the process of planning internal audits of financial and economic activities based on a risk-oriented approach, which allows achieving an optimal balance between the resources available to the organisation and the objectives of covering the most risky objects with control measures. The aim of the study is to develop methodological aspects of planning internal audits of the financial and economic activities of domestic universities based on a risk-oriented approach. In the course of the work, the author applies such general scientific methods of cognition as analysis, systematisation and generalisation. The results of the study can be used by representatives of the scientific community and practitioners involved in the organisation of internal financial control and audit in budgetary institutions of higher education.

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