Risk-based internal financial audit in the transformation of the public sector

The article is devoted to presenting the results of a study regarding the specificsof creating a risk-oriented internal financial audit system as a challenge ofincreased interest in the transformation of the public sector of the RussianFederation. The article presents the results of applying the concept of «internalfinancial audit» and its role in public administration. The features of risk-oriented approach in the formation of the internal financial audit in public institutions were analyzed. Approaches to one of its models are set out. The practical role and prospects in the conditions of transformation of the public sector are disclosed.