Home  Journals  Finance and Credit  28(508) - 2012 July

Modern trends of development of corporate internal control systems in Russia

Available online: 27 July 2012

Subject Heading: Financial control

JEL Classification: 

In the article it is noted that recently the problem of creation of effective system of internal control in the Russian companies got special urgency due to the need of transformation of all control system by domestic business for the solution of objectives in the field of economy development. On the basis of the analysis of standard models of internal control systems, characteristic for the organizations of various organizational and legal forms, it is shown that the modern system of internal control should be under construction on the basis of an openness principle. It allows to involve the interested parties crucial for the company being outside of an internal circle of subjects of control in control actions. And as a result - significantly improve the reliability and effectiveness of internal control.

Keywords: internal control, internal control system, concerned parties, principle of openness, internal audit, system audit, control communication channels, risk-oriented audit, open control environment, organizational design

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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