Internal control dynamics according to the Russian finance ministry

Different approaches to the determination of internal control concept and the scope of its application have been studied. The requirements and the recommendations of Finance Ministry have been analyzed. They concern realization of internal control by an economic agent in comparison with audit standards. The determination and the explanation of internal control elements given in the recommendations by Ministry of Finance and in the audit standards have been carefully studied and compared. Different forms and approaches to the internal control arrangement have been examined.