The role of internal audit in risk assessment in large Kosovo companies

The purpose of this paper is to address the role of internal audit in the risk assessment process in large businesses in Kosovo and the implementation of ISA 315 and ISA 330 in risk assessment by large businesses in Kosovo. The paper will be based on the primary data collected by the questionnaire, using the random sample method. The scope of work is oriented to the private sector of businesses in Kosovo, where the paper will not address the internal audit of the financial sector in Kosovo. The results of the work resulted in a centralized model of internal audit organization (66.67%) in businesses in Kosovo, accompanied by orientation of the annual internal audit plan for financial reporting to public institutions - KFRC (70%). The risk assessment in large businesses in Kosovo is in the initial stages and there is still no professionalism of internal auditors in the implementation of ISAs in the process of audit risk where 16% of businesses have started the risk assessment process, accompanied by the existence of a risk management office, in only 4% of large businesses in Kosovo