Organization of the internal control system

This article discusses the issues of the general organization of internal control and assesses the effectiveness of control activities. The documentary and information support of control activities, methods and objects of research have been studied. Internal control functionally consists of two types of control: administrative control and managerial and financial control. In modern conditions, companies are aimed at obtaining the highest possible profit and the importance of internal control is increasing. Business efficiency can increase if, based on the results of control measures, business leaders eliminate the identified inconsistencies and violations. The authors consider the methodology of organizing internal control in the company and its structural divisions, subsidiaries and affiliates. The internal control regulation is proposed, which contains its principles and methods, the procedure for issuing reports on the results of inspections. It is concluded that the internal control system (ICS) should annually