Interní audit v Kooperativa pojišťovna , a.s. VIG

The thesis deals with internal audit and its performance in conditions of Kooperativa pojišťovna, a.s., Vienna Insurance Group. Firstly the basic aspects of the internal audit such as history, internal audit definition and general requirements for its performance are discussed. Further main professional organizations associating internal auditors in the Czech Republic, expert knowledge certifications and internationally accepted concept of internal audit in the form of the International Professional Practices Framework are described. Thesis analyse in detail the legislation of the Czech Republic and the European Union regarding the performance of the internal audit in the insurance industry. Practical part of the thesis presents the Kooperativa pojišťovna, a.s., Vienna Insurance Group and describes its department ensuring the company's internal audit. Further the exact procedures and methods used by the internal audit department are described. The thesis also deals with the communication between the internal audit department and the management, other departments of the company and the cooperation of the department with the external auditor and other entities that have an impact on the internal audit in the insurance sector. The thesis hereafter describes the influence of internal audit on the financial management and the financial stability of the company. The last part is devoted to the author's suggestions leading to the improvement of the company's internal audit. The thesis can be used to understand the basic issues of the internal audit in the insurance sector.