EVALUATION OF THE EFFECTIVENESS OF THE INTERNAL CONTROL SYSTEM DURING THE INNOVATIVE DEVELOPMENT OF INDUSTRIAL ENTERPRISES
Abstract
The article considers assessment of efficiency of internal control at enterprises. It identifies that there is no single classification of types of internal control and systemises classification of types of internal control in accordance with the main tasks and by the most essential and stable features. It is emphasised that the assessment of the stable existence of an enterprise should be based on its financial indicators. In this regard, a model for assessing the internal control system was developed and proposed based on analytical indicators of the financial condition (assessment of financial stability, assessment of business activity and turnover, assessment of profitability, assessment of liquidity in accordance with the main criteria of the internal control system (stability, complexity, efficiency, objectivity, effectiveness, quality, economy and efficiency). It is analysed that it is necessary to characterise the internal system of enterprise on the basis of the stages of organisation of internal control. The study of the organisational and legal framework for the functioning of the internal control unit of an institution provides recommendations for "building" a model of efficiency of the internal control system.
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