Problems of Organizing Internal Audit Methodology by Credit Institutions in the Implementation of State Business Support Programs

The purpose of this study is to identify methodological gaps in the regulatory framework for internal audit in credit institutions implementing state subsidized lending programs and to substantiate the need to develop a specialized methodology for its implementation. The relevance of this work is determined by the increasing volume and complexity of such operations during periods of economic instability, which gives rise to specific regulatory, operational, and reputational risks in the banking sector. In analyzing Bank of Russia regulations, the author of the article concluded that there are no direct provisions mandating targeted audits of this segment of activity. It was also demonstrated that such an obligation is indirect and stems from a systematic interpretation of requirements for monitoring all business processes and compliance with regulatory legal acts. Furthermore, it was established that the lack of a standardized methodology leads to heterogeneity in audit practices in the banking sector and reduces the effectiveness of controls. Ultimately, a reasoned conclusion was reached regarding the need to transform internal audit into a proactive risk management tool in this segment.

The results of the study will be useful for commercial banks participating in preferential lending programs to improve internal audit activities and enhance the effectiveness of risk management.

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