Internal audit and improving the efficiency of high-value processes

This article assesses the role of internal audit as a key element of a business entity's internal control system. The article examines the implementation of the internal audit concept as applied to assessing individual risks to the efficiency of a full-cycle high-value-added production process. Using the example of the production of finished products from low-density polyethylene, based on the material balance principle, an approach is proposed for assessing the magnitude of individual risks of potential losses caused by process deviations from optimal process conditions, linked to the stages of product processing. Calculations of individual financial losses caused by deviations of actual values of operating process parameters from optimal indicators are provided as illustrative examples.