Internal control and audit in the management of the organization
Tat'yana P. Krivetskaya
Associate Professor Department of analysis and audit
Russia, Plekhanov Russian University of Economics
Anna A. Butakova
Russia, Ernst and Ypung (CIS)B.V.
Alina R. Ishaeva
Russia, JSC "Mazar"
Importance Internal control is the main mechanism in the management decision-making. The article discusses different concepts of internal control in the management of the organization and examples of control.
Objectives The purpose of writing this article - the study of currently used procedures of internal control on the example of small retail organizations; in order to achieve the intended purpose it is necessary to perform a number of tasks - to get acquainted with the theoretical basis of internal control in the management of the organization, an analysis of internal control in small business management system
Methods Using theoretical and statistical methods in the present work, we examined the basic elements of internal control, management of small organizations, especially the tendencies and prospects of internal control in small business management.
Conclusions and Relevance We concluded that internal control system is an important tool for management of the organization and effectiveness of its economic activity, financial stability, improve the investment attractiveness.
control, internal control system (ICS), ICS elements, small business, management, administrative decisions.
Article executed within Plekhanov Russian University of Economics’s job in terms of research on the topic "Internal control in small business management system".
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