engleski

Significance of the Analytical Procedures in the Internal Audit Engagements of the Public- Sector Entities in Eastern Croatia

Every Country, including Croatia, have public- sector entities that have a great role in managing and improving local, regional and overall national economy. To perform its services effectively and efficiently public- sector regulations include establishing effective internal control system and an internal audit function. Internal auditors in public sector entities must be directed to the enhancement of performance of public administration in accordance with principles of economy, efficiency and effectiveness. Their activities must be in accordance with the concepts of independence, accountability and transparency. Auditors are meeting their objectives by conducting assurance engagements, ad hoc engagements and consulting services. Engagements conducted by internal auditors must be harmonized with the International Professional Practices Framework (IPPF). The Standards, Implementation Guidance and Supplemental Guidance encourage using information technology and analytical procedures in all types of the internal audit engagements. Croatia is considered as developing country, and in that context, the level of prosperity of public-sector, and its activity, is related to that. Easter Croatia is considered as one of the less developed part of the Croatia with unfavourable economy movements, and negative migration rates during the last decade. Considering that, the research objective includes analysing differences of using analytical procedures in internal audit engagements, as a mechanism for enhancing performance of public-sector, compared to other regions in Croatia. The results of the research are based on the conducted survey among internal auditor employed in Croatian public- sector entities and publicly disclosed secondary data. The data will be analysed by appropriate descriptive statistics and tests in order to investigate the association between habits and the level of using analytical procedures in different phases of internal audit engagements.

analytical procedures, internal audit engagements, internal auditors, public- sector, Eastern Croatia

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