The functioning of internal audit in transition countries is aimed at the optimal and realistic analysis of companies in order to maximize business results and safety of top management. As an internal organization factor, it justifies the existence on which it was founded by top management of an industrial enterprise by creating general conditions for true management reporting. In addition, it enhances the security of work in terms of reporting to state authorities on the work and operations of

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... industrial enterprises. Internal audit carries out its activity continuously and is becoming an increasingly important factor in the safety of work and functioning of enterprises, especially in the Republic of Serbia. Formed internal audit in them raises new professional issues related to true financial reporting. She is given an increasingly important role, first of all in a professional sense, because her work promotes the work of top management of an industrial enterprise in the transition country of the Republic of Serbia audience.