MAIN ISSUES RELATING TO INTERNAL AUDIT PERCEPTION

Abstract

In the third millennium, the role of internal audit in the economic activity both in the world and in Armenia is growing, and the interest in this profession is growing accordingly. However, there are still some misconceptions that interfere with the effectiveness of internal audit and distort the perceptions of this discipline. This article presents the main misconceptions about internal audit, their causes, and possible solutions, as well as the main differences between internal audit, inspection, and internal control.