The role of internal audit in risk assessment in large Kosovo companies
Session
Management, Business and Economics
Description
The purpose of this paper is to address the role of internal audit in the risk assessment process in large businesses in Kosovo and the implementation of ISA 315 and ISA 330 in risk assessment by large businesses in Kosovo. The paper will be based on the primary data collected by the questionnaire, using the random sample method. The scope of work is oriented to the private sector of businesses in Kosovo, where the paper will not address the internal audit of the financial sector in Kosovo. The results of the work resulted in a centralized model of internal audit organization (66.67%) in businesses in Kosovo, accompanied by orientation of the annual internal audit plan for financial reporting to public institutions - KFRC (70%). The risk assessment in large businesses in Kosovo is in the initial stages and there is still no professionalism of internal auditors in the implementation of ISAs in the process of audit risk where 16% of businesses have started the risk assessment process, accompanied by the existence of a risk management office, in only 4% of large businesses in Kosovo.
Keywords:
Internal Audit, Risk Assessment, ISA 315, ISA 330
Session Chair
Edmond Hajrizi
Session Co-Chair
Naim Preniqi
Proceedings Editor
Edmond Hajrizi
ISBN
978-9951-437-69-1
Location
Pristina, Kosovo
Start Date
27-10-2018 9:00 AM
End Date
27-10-2018 10:30 AM
DOI
10.33107/ubt-ic.2018.323
Recommended Citation
Lani, Lirim, "The role of internal audit in risk assessment in large Kosovo companies" (2018). UBT International Conference. 323.
https://knowledgecenter.ubt-uni.net/conference/2018/all-events/323
The role of internal audit in risk assessment in large Kosovo companies
Pristina, Kosovo
The purpose of this paper is to address the role of internal audit in the risk assessment process in large businesses in Kosovo and the implementation of ISA 315 and ISA 330 in risk assessment by large businesses in Kosovo. The paper will be based on the primary data collected by the questionnaire, using the random sample method. The scope of work is oriented to the private sector of businesses in Kosovo, where the paper will not address the internal audit of the financial sector in Kosovo. The results of the work resulted in a centralized model of internal audit organization (66.67%) in businesses in Kosovo, accompanied by orientation of the annual internal audit plan for financial reporting to public institutions - KFRC (70%). The risk assessment in large businesses in Kosovo is in the initial stages and there is still no professionalism of internal auditors in the implementation of ISAs in the process of audit risk where 16% of businesses have started the risk assessment process, accompanied by the existence of a risk management office, in only 4% of large businesses in Kosovo.