A new approach in the assessment of the internal control systems applied in the public sector

Abstract

In our article, we will describe the new approach that supports the assessment of the operation of the internal control system. The significance and timeliness of the topic are justified not only by the recommendations of the audit profession such as the COSO frameworks, or INTOSAI GOV 9100: Guidelines for Internal Control Standards for the Public Sector, or the international regulations of financial reporting such as SOX, EU directives, etc. but also, the ever more pronounced appearance of the executive assessment and accounting obligations, which are already widely applied in the private sector, in the organizations of the public sector as well.