Implementation of Public Internal Financial Control (PIFC) is one of the responsibilities that Georgia took towards the European Union (EU) and plays the key role to come closer to it’s standards. The function of the effective Internal Audit (IA) is particularly important in the public sector, as much as management and control of the public finance purport the high-level transparency and accountability to the society.
Development of Public Internal Finance Control (PIFC) will significantly stimulate the effective functioning of the public sector and efficient governing of the state resources, which, correspondingly, is entwined to the receiving better state services by the general public.
To solve the challenges of the Internal Audit (IA) in the ministries of Georgia, as well as the self-governing units, can only be achieved by the analysis of the reality, scrutinizing of the different sources and researching the expert opinions. The following thesis is interesting and has practical value for every citizen, which is interested in the work of internal audit, it’s role in the management of public finance and, in general, issues relating to the forming the principles of “good governance”.