Subject The article considers the conceptual issues of monitoring, analysis and control of financial and economic activities of management companies that accumulate funds for capital repairs of apartment buildings. Objectives The study's objective is to develop qualitative and quantitative indicators to measure the efficiency of financial and economic activities of management companies acting as regional operators. Methods The study draws on Russian and foreign regulations and methodological framework for control and evaluation of efficiency of financial and economic activities of economic entities. Results We identified and systematized the key risks that adversely affect the efficiency of financial and economic activity, proposed a procedure and follow-up actions to monitor the system of internal control that are aimed at assessing the system's ability to eliminate or mitigate the risk of inefficient monitoring, offered metrics for quantitative and qualitative assessment, and recommendations on monitoring the efficiency of financial and economic operations of the management company, identified underlying principles of internal control efficiency. Conclusions The proposed monitoring will contribute to the examination and early detection of potential financial abuse, fraud and corruption schemes in economic and financial operations of the management company. The offered evaluation of internal controls efficiency will timely identify and minimize the risks of the organization. When implemented, the offered approaches to monitoring and control of financial and economic activities of management companies will enable to create a highly effective tool to manage the process of the housing stock major repairs.
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