INTERNAL CONTROL: THE PROCESS OF PARTICIPATION OF THE INSURANCE COMPANY IN THE PERFORMANCE OF OBLIGATIONS UNDER GOVERNMENT CONTRACTS
Task. The article deals with the problem caused by the entry into force of the law on the contract system in the field of procurement, which will have a significant impact on the results of internal control on the activities of both insurers and policyholders. The need to introduce on a permanent basis internal control of the activities of insurance organizations due to the participation of insurance companies in the performance of obligations under government contracts. This will require them to adjust the processes of all departments. The purpose of the article is to develop regulations for the process of participation of insurance companies in the performance of obligations under government contracts. Model. The article examines the current trends of internal control in insurance companies Summary. The issues of improving internal control in insurance companies, in particular the verification of the business process of liability insurance of suppliers of government contracts, require a systematic approach. Stricter requirements for suppliers of goods and services under the state order leads to a more thorough inspection of both policyholders and insurers. The introduction of internal control over the process of accounting for liability insurance contracts for the execution of state contracts by suppliers of goods and services is timely and appropriate. The lack of development of the system of verification of such business process in insurance companies, the lack of universal regulations of this process for all insurers reduces the effectiveness of internal control, does not allow to achieve the purpose of verification in respect of counterparties. All this leads to great risks and threats of an economic nature in the first-place insurance companies, and subsequently customers under the state contract. Practical importance. The findings lead to an understanding of the study of all elements and aspects of internal control in insurance companies, improving its quality and preventing the identification of errors during the state audit of contractors in their state orders and contracts. The scope of application of the research results is the internal control of accounting, analytical and insurance activities of insurance companies. It is necessary to improve both the regulation of the internal control process of insurance companies and to develop it in relation to the accounting of insurance contracts concluded by suppliers of goods and services under the state contract. The proposed measures of verification of such counterparties can be taken as a basis for internal control in insurance companies. Originality. As a result of the study of the issue related to the internal control of insurance companies as participants in the performance of obligations under state contracts, specific actions were proposed to check potential policyholders of responsibility for the performance of obligations under the state contract.