To the question of the organization of the internal control system in business subjects
Accounting plays a vital role in running a business as it helps track income and expenses, ensure compliance with laws and provide investors, management and the government with quality financial information that can be used to make financial and business decisions. Internal control is designed to give the most reliable assessment of the legality, legality, efficiency, rationality and safety of economic activity, as well as to identify negative trends, calculate risks and minimize losses. If until 2013 the issue of creating an internal control system was the right of the organization, then after the entry into force of the Federal Law of December 6, 2011 No. 402-FZ “On Accounting”, all economic entities are required to exercise internal control over the facts of economic life. Organizations whose reporting is subject to mandatory audit must exercise internal control over accounting and preparation of financial statements. In the course of the study, the process of organizing internal control at enterprises was considered. The article formulates the principles of internal control, as well as the stages of its implementation. Based on the results of the study, factors were identified and a methodological approach to the organization of internal control at enterprises was proposed.