FEATURES OF ORGANIZING AND PLANNING INTERNAL AUDIT IN LARGE PUBLIC COMPANIES

Author(s): Yevtushenko Ye.

Rubric: Management

DOI: 10.21777/2587-554X-2025-3-98-108

Release: 2025-3 (54)

Pages: 98-108

Keywords: public company, internal audit, internal audit service, internal audit planning methodology, features and prin- ciples of audit planning, PJSC Lukoil, risk management system

Annotation: This article examines the development of internal audit systems (IAS) in public companies. It focuses on the specific legal framework for organizing IAS in such companies, as they are public joint-stock companies. The article reveals the nature of the regulation and construction of the IAS using the example of specific materials and regulations of a large public company PJSC LUKOIL. The study provides a detailed description of the bodies created to conduct effective internal audit in such an organization, their functions, and their interrelationships. The internal audit system is linked to the nature of the business structure, which is used as an illustration for the company’s IAS model. Special attention is paid to the extensive range of IAS functions in public companies, including both a risk management system, assessment of the quality and reliability of the work of departments and the reports they generate, and monitoring the alignment of internal and external audit processes. The meth- odology for annual planning of the IAS unit’s activities is examined in considerable detail. As a conclusion, a number of findings are highlighted that allow similar participants in large businesses to use the experience of the internal audit service of the large public company under consideration.

Bibliography: Yevtushenko Ye. FEATURES OF ORGANIZING AND PLANNING INTERNAL AUDIT IN LARGE PUBLIC COMPANIES // Economics and Management. – 2025. – № 3 (54). – С. 98-108. doi: 10.21777/2587-554X-2025-3-98-108