Development of the method of evaluating the efficiency of the internal control system of commercial organizations

The article explores the views on the methods used to assess the effectiveness of the internal control system. Based on the opinions of scientists, as well as on the ISA, the expediency of estimating the ICS in the context of its five basic elements is proved. A methodology is developed for assessing the effectiveness of the ICS by identifying two basic levels. The first level of the ICS assessment, which makes it possible to ascertain the achievement of such goals as: 1) compliance with applicable laws and regulations; 2) the achievement of the organization's objectives in the preparation of reliable financial reporting. The second level involves assessing the achievement of such an objective as the effectiveness and efficiency of the business organization. The increase in the role of the second level of the assessment of the effectiveness of the ICS and the expansion of the range of audit and consulting services rendered by audit organizations in the digital economy are substantiated.