The system of internal control in the company – as the main factor in increasing the efficiency of export activities
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 6, Issue
Abstract
Introduction. Internal control is necessary to achieve the goals of the company. This helps the company to adapt to the changing conditions of agriculture, prevents losses and, thus, minimizes operating costs. Modern internal control should not only protect the assets of the company and its use, but also contribute to its multiplication and the achievement of optimal financial results. This requires improvement of the internal control system in the direction of an active business management tool. Purpose. The article describes the main aspects of the internal control system at the enterprise. The influence of internal control directly on export activity is considered. The essence and importance of internal control within the framework of enterprise management are revealed. The definition of internal control is given. Results. The essence and structure of the internal control system and its value in the business management process are presented. Conclusions. The effectiveness and quality of the internal control system depend heavily on people. Therefore, it is important to define the roles of individual groups of employees in the system of internal control. The board is most responsible for the functioning of the system and therefore should identify itself with the system. The attitude of the management to internal control affects how it is viewed by other employees. The role of the board is to determine the directions of action, control over the fulfillment of the tasks of the company and the provision of appropriate guidance.
Authors and Affiliations
Kyrylo Mykolaiovych Fokin, Natalia Serhiivna Mamontenko
Keywords
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