Internal audit as a key factor in effectively countering financial fraud in the context of digital transformation

Today the presence of a properly organized internal audit in the corporate governance system in organizations makes it possible to timely identify signs of unfair actions during the audit of financial statements and develop measures to prevent them. The article reveals a general approach to identifying signs of unfair actions that lead to significant distortion in financial statements, taking into account the rapidly occurring processes of digitalization of the economy. The factors determining the risk of material misstatement due to unfair actions are presented. The role of internal audit as a tool to counteract possible intentional misstatements of financial statements is disclosed, and the degree of effectiveness of these measures from the perspective of audit procedures is reflected.