CREATING A MODEL AND DEVELOPING INTERNAL CONTROL INSTRUMENTS IN THE MODERN MANAGEMENT SYSTEM OF A BUSINESS SUBJECT

Author(s): Zueva I.A.

Rubric: Management

DOI: 10.21777/2587-554X-2023-3-101-113

Release: 2023-3 (46)

Pages: 101-113

Keywords: internal control system, normative regulation, models and tools of internal control, inventory

Annotation: The article examines the issues of legislative and statutory regulations of the requirements for building a system of internal control of business entities. Attention is drawn to the difference in levels and subjects of regulation, the complexity of applying regulatory requirements to the conditions of medium and small nonpublic companies. A comparative analysis of the requirements composition for the creation of the internal control system in the regulatory documents of various regulatory bodies is presented. Possible models of such internal control system organization for companies of various levels of business and organizational and legal forms are considered. In particular, for large public companies, medium-sized private companies and small business entities. Attention is drawn to the composition of the applied internal control instruments and their modern development and regulation. An analysis for inventory is made as a main regulated form of control measures, its significance and innovations introduced by the new federal accounting standard. In conclusion, a number of recommendations have been formulated for systematizing the legislative and regulatory framework for regulating the internal control system.

Bibliography: Zueva I.A. CREATING A MODEL AND DEVELOPING INTERNAL CONTROL INSTRUMENTS IN THE MODERN MANAGEMENT SYSTEM OF A BUSINESS SUBJECT // Economics and Management. – 2023. – № 3 (46). – С. 101-113. doi: 10.21777/2587-554X-2023-3-101-113