The relationship between document management and internal control in an organization

A document is considered as a pivotal element in the internal control system of an organization because it contains the economic and management information. The author defines the legal framework of work management within the control environment, discusses the principles of document management in different scopes of activities and suggests ways to create document flow in terms of its application in the economic analysis. The key principles of document management include promptness, minimization of document processing time, one-time registration, usage in economic analysis. From the standpoint of the latter, the author identifies several documentation requirements such as numeric values in documents being analyzed and usage of consolidated registers.