The importance of internal audit in the public financial management and the comparison of internal control models applied to different countries

This thesis is aiming at analysing internal auditing model, coming into effect private sector at first and now implemented effectively in many countries of the world with Europe, what kind of influence on the our public financial management system and explaning internal auditing models being implemented in different countries in detail. This studying is consisted of five sections. First section is preamble division and refer to aiming and importance of the studying. In the second section regulations affecting public finance management was examined. Structure of internal control system implemented in our country with internal control and internal control?s elements and numbered 5018 Public Finance Management and Control Law?s purpose, scope, fundamental principles were explanied. In the third section; circumstance among the, external audit, inspection and internal control which is handing in and glove with internal audit and internal audit?s purpose, scope, elements, activity, process, types, was scutinized. In addition; public internal audit standards, professional ethics standards and reporting standards were mentioned. In the forth section; internal audit?s models implemented in The European Union and internal audit?s practice implemented in the World was examined. In the thesis? conclusion and suggestions section, general evaluation was carryied out concerning internal audit and public finance management and some suggestions were made. Keywords: Audit, auditor, Public Financial Management, Inspection, Internal Audit, Internal Control, External Audit, Public Administration, internal auditing standards.