Scientific approaches to conceptual knowledge of financial control systems in corporations

The article considers development of a conceptual form of scientific knowledge concerning system organization of internal control over corporate finance. This topic is particularly relevant as it affects the foundations of the whole theory of internal financial control. The objectives of the research are the following: 1) to propose and justify the integration concept of the corporate finance internal control system; 2) to reveal the content of each of the three principles of the integration concept - managerial, institutional, and cognitive; 3) to show the fundamental differences between the integration concept and other existing concepts; 4) to develop a conceptual model of the corporate finance internal control system; 5) to determine the promising areas of theoretical research in the field under study on the basis of the integration concept. The methodological basis of the study are dialectics, system analysis, synthesis. The proposed and justified integration concept provides the foundation for scientific research in the sphere of system organization of internal control over corporate finance or, in a figurative sense, provides a "staging post" on the way from the study of how internal financial control systems function in corporations to local theoretical generalizations. The integration concept appears to be an original (worldview) form of theoretical knowledge of corporate finance control systems. In contrast to other currently existing concepts, it provides a holistic approach to the problem under consideration and a deep penetration into the content of the generated control systems. The conceptual leap can be seen in consideration of the system control as a complex, three-pronged phenomenon (functions of management, an economic institution, the source of knowledge) actively influencing the state of corporate finance and regulating financial relations.