Internal control in management system of a business entity: modern methods and approaches to assessment and improvement its effectiveness
Taking into account the changed economic conditions, the article considers the important issues of internal control, assess the effectiveness and efficiency of internal control in the system of management of the economic subject. The study and synthesis of the scientific literature and the provisions of legal acts of the Russian Federation allowed the author to present a personal point of view on the essence of internal control and the internal control system. Analysis of the organization of the internal control system gave the possibility to formulate the criteria of internal control, ensuring the achievement of the control objectives, which, in the opinion of the author, are the following rules: strategic focus of control, practical usefulness, adequacy, simplicity, motivation, and efficiency. The author defines the need for assessing the effectiveness of any, even a well-organized system of internal control, applying the performance measures, effectiveness and efficiency. Assessing the relationship of the concepts of efficiency, effectiveness and efficiency of internal controls, as the criteria for the effectiveness of internal control in the paper suggests a number of meters that allow to quantify the work of the supervisory authority (the subject of control), and can detect and eliminate violations occurring in controlled entities. The study also made it possible to establish the factors that determine the effectiveness of internal control, the main of which is the human factor and the attitude of the management and representatives of the owners. In conclusion, the author makes recommendations for the management of an economic entity for ongoing monitoring and adjusting controls, bringing to the attention of staff information about the changes in the system of internal control and the need for demonstration of its compliance with own example.