RESEARCHING THE FORM TO ORGANIZE THE INTERNAL AUDIT IN THE PUBLIC SECTOR: AN EMPIRICAL STUDY AT HANOI UNIVERSITY OF INDUSTRY

Abstract

The internal audit function plays an increasingly important role for
organizations in the public sector by assessing their internal control, risk
management processes and operational performance to recommend improvement
activities. To perform internal audit funtion effectively, it is required that
organizations in the public sector have an appropriate organizational form of
internal audit funtion. This paper researches on the role of internal audit in
organizations, characteristics of autonomous organization in the public sector and
the requirements set out to perform the internal audit function, organizational
forms of internal audit funtion (including pointing out the boon and bane of each
organizational form), and also conducts empirical research at Hanoi University of
Industry to recommending the organizational form of internal audit funtion for it.