Formation of a methodology for evaluating internal control systems in commercial entities
Abstract
The development of market relations increases the relevance of the use of accounting (financial) statements to inform interested users about the activities of the organization, its financial position. On the basis of financial statements, its users make adequate managerial decisions. In this regard, market participants – shareholders, investors, creditors and others – must be confident in the reliability of the financial statements with which they have to interact. Despite the existence of internal control systems of organizations, as well as the developed procedures for external audit of the reliability of the reports, the problem of its distortions still remains unresolved. In view of the presence of this problem, it is necessary to study and develop modern methods of internal control systems in order to reduce distortions and errors in financial reporting. The article deals with the problem of evaluating the effectiveness of the internal control system. A specific methodology for rating the effectiveness of the functioning of the internal control system is proposed using the example of the operating organization TAIF-NK AZS LLC, which includes the most significant areas of control covering the most important areas of the organization’s activities and affecting the reliability of financial statements, such as the organization of accounting and reporting, the state of control, enterprise management.
About the Authors
V. N. Nesterov
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Doctor in Economics, Professor
E. T. Khabibulin
Kazan (Volga region) Federal University
Russian Federation
Russian Federation
Master Student
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Review
For citations:
Nesterov V.N., Khabibulin E.T. Formation of a methodology for evaluating internal control systems in commercial entities. Kazan economic vestnik. 2022;(1):50-56. (In Russ.)
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