Internal Financial Audit Regulation

Scope of Application

The regulation establishes objectives, principles, procedures, and reporting of internal financial audits within the organization. Mandatory for: financial control, accounting, tax, treasury, and IT departments supporting accounting systems.

Audit Objectives

• Accuracy: Confirm correctness of reports and completeness of transactions.
• Compliance: Verify adherence to standards and policies.
• Risk Management: Identify and reduce risks.
• Process Efficiency: Assess controls and recommend optimizations.

Principles and Standards

• Independence
• Professional Competence
• Confidentiality
• Documentation
• Standards: IFRS/RAS, tax legislation, internal policies

Audit Procedures

• Preparation: planning scope, timing, resources
• Transaction Checks: documents, entries, tax calculations
• Analytical Procedures: trend analysis, comparisons
• Completion: summary report, recommendations

Control Points

• Quarterly Reporting
• Large Transactions Verification
• High‑Risk Operations Monitoring
• Cross‑System Reconciliation

Reporting and Communication

• Report Forms: final report, registry of findings, action plan
• Communication Channels: audit committee, function heads, IT support

Risks and Controls

Implemented Projects