PERFORMANCE OF THE PUBLIC SECTOR'S INTERNAL AUDIT IN THE BALTIC STATES

The development of internal audit in the new EU Member States after the enlargement of the EU in 2004 has a common basis, which is formed by the conditions of the EU Regulations and Directives concerning different fields of public and private sector, as well as under the influence of global economic crisis. Irrespective of the fact that in each national state the development and functioning of internal audit (IA) system may differ, it is emphasized in the research that, on the whole, under the influence of historical, political and economical factors, the development of the public sector's IA possesses certain convergence. The approach of three Baltic States-Latvia, Lithuania and Estonia-towards these issues has been studied in details; there has been performed the comparative analysis of legal conditions and actual data with the aim to identify the best solutions concerning the public sector's IA problem in Latvia after it has faced the economic crisis and in the post-crisis period.