THE ESSENCE, TASKS, AND INTERNATIONAL APPROACHES OF INTERNAL AUDIT IN LEASING TRANSACTIONS
DOI:
https://doi.org/10.5281/zenodo.20931509Abstract
This article examines the essence, tasks, and international methodological approaches of internal audit
in leasing transactions. Leasing is widely used as a source of financing for productive assets, vehicles, machinery,
and technology. However, it also involves significant accounting, contractual, operational, tax, and reporting risks.
The transition to IFRS 16 has increased the importance of reliable lease identification, measurement, and disclosure,
as most lease arrangements are recognized through right-of-use assets and lease liabilities. The study argues that
the internal audit of leasing should not be limited to the formal verification of contracts and payment schedules.
Instead, it should be organized as a risk-oriented, control-based, and digital evidence-driven assurance mechanism.
The article systematizes the main audit areas in leasing transactions, proposes a risk-based internal audit model, and
develops a Leasing Internal Audit Index for assessing the reliability of lease controls.
Keywords
leasing transactions, internal audit, IFRS 16, right-of-use asset, lease liability, risk-based audit, internal control, digital evidence, COSO, IIA Standards.References
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