Ocena ryzyka na potrzeby audytu wewnętrznego jednostek sektora polskich finansów publicznych
Risk assessment in the context of internal audit in Polish public finance sector entities

Summary/Abstract: Internal audit was introduced in Polish public finance entities only in the 21st century (on January 1, 2002), while in many other countries it has been applied for a longer time – its beginning dates from mid-20th century. Basing on professional and legal regulations in the field and international and domestic literature, the paper presents the issue of risk assessment in internal audit in Polish public finance sector entities. Risk, in contrast to uncertainty, is measurable to a certain degree. Estimation (identification and analysis) of risk is a continuous process. Identified risks require constant monitoring, so that new risks can been noticed in time, monitored and designated for auditing. The paper also demonstrates that risk assessment provides a basis for creation of an annual audit plan, long-term (strategic) plans and audit programs.

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