In today's emerging economy, which is characterized by crises, recessions and high competition, the task of effective and long-term management becomes significant for achieving the successful operation of the enterprise. In this regard, the internal control system becomes an integral part of all processes. Today, the financial and economic life of an economic entity is often exposed to certain risks and threats that negatively affect the general economic security of the enterprise. In this case, internal control of activities becomes of particular importance, acting as a key tool to ensure the stable and effective functioning of an economic entity. The internal control system should be perceived as a dynamic structure requiring continuous improvement. Its effectiveness depends on the well-coordinated interaction of all levels of management, transparency of processes and the involvement of personnel in compliance with established standards.
Yermishina et al. (Thu,) studied this question.