Internal Auditing and Central Harmonization Function in the Public

Internal audit is a very well-known standard currently in application mainly in private sector throughout the world. It is beginning to be accepted as a de facto standard in public sector of some countries. Turkey has recently passed a law number 5018 which regulates the use of internal audit in Turkish public financial management and control system. Since internal audit is a new concept when compared to renowned ex post investigation and other known audit applications. For the time being there's a debate going on the necessity of internal audit, the scope of internal audit, the extra gain that will be acquired by internal audit, the jurisdiction of internal audit, what the difference are between internal audit and other audit types etc. Once audit is deemed necessary and its scope is clarified, how to harmonize internal audit in public sector and large scale organizations which hire many internal auditors or have many internal audit units, is discussed.