FINANCIAL CONTROL OF THE RECEIPTS AND EXPENCES FROM THE CONSULTING ACTIVITIES OF THE UNIVERSITY
The subject The relevance of this topic is directly related to the growing role of universities in national innovation systems, as well as many factors such as globalization of the economy, the transition of countries from industrial development to a knowledge-based economy, and the growing needs of universities to ensure their own competitiveness. Objective Identification and assessing the importance of internal and external control in individual states, definition of models for assessing the performance of universities. Research of mechanisms for monitoring the consulting activity of the university on the basis of identified valuation models. Methods The article describes the most important functions of modern universities, examines the consulting activities of universities on the examples of foreign universities (Cambridge, Oxford, UTS, Manchester University). Based on this investigation, the structure of internal control of universities was proposed in accordance with the data of foreign universities whose internal control is based on international standards for evaluating the activities of the university. Conclusion and Relevance Studying the experience of foreign countries, namely, the University of America (USA) and the University of Washington (USA) led to the conclusion that, in a market economy, the internal control of the university plays a key role. In particular, the COSO system is widely used.