Abstract:

Conducting the internal audit activity in terms of economy, efficiency and effectiveness often requires analyzing a big pack of data using the appropriate methods and suitable informational technology tools. The rate of data accuracy in internal audit activity is based on the volume of analyzed information and the professional competences of internal auditors.

Regardless of the type of audit engagement, the internal audit report contains the auditor's opinion and the main findings and recommendations highlighted during the audit mission, facilitating their tracking. This article presents the importance of internal audit activity in decision-making process of a public entity based on accuracy of automatic data.

Evolution of informational technologies in internal audit sector means automation of the activities by implementing new tools and ensuring its dependability. Moreover, it presents methods of collecting and analyzing data that can be easy to manage if the public entity develops a plan for continuous improvement.