Establishing cause-and-effect relationships in the audit report as a key criterion for the value of internal audit

The article considers methodological principles for increasing the value of internal audit. The primarysource of the value of internal audit, the final goal of the audit report and approaches to assessing its quality areidentified. Methods of establishing cause-and-effect relationships in the audit report are considered. The ontologicaland philosophical foundations of the cause are revealed. The requirements of International professional standardsof internal audit for documenting audits are set out.