Development of internal auditing methods
The article considers a risk-based approach used in business corporations to issues of internal audit because it is the one that most deeply reflects the vector of internal audit in current economic terms and presents itself as that very chain in management that is aimed at developing recommendations on increasing efficiency of economic entities activity. It specifies the topicality of applying this approach, describes the methods of its implementation in the internal audit. It identifies the positions of developing risk management models existing in the world practice. It presents a comparison of the traditional and risk-based approaches, and on its basis it gives methodical recommendations for internal auditors involved in issues of developing the internal audit standards, for external auditors involved in creating new methods employed by auditing and consulting companies with regard to specific accounting segments and auditing in business corporations.