Compliance in the internal control system of the business entity

Introduction. In the current global and Ukrainian environment, both objective and subjective factors interact and influence business. Political instability, corruption risks, economic crises (in particular, the impact of the COVID-19 pandemic), devaluation of the national currency and the war in Ukraine are factors that contribute to the aleatory nature of business. It is also important to take into account the views of stakeholders who point out the imperfection of legal support of internal control of business entities. This may lead to an underestimation of risks due to the impact of the above-mentioned factors. To reduce the negative impact, it is important to implement compliance measures, which are widely used in developed countries. These measures are becoming a key element in the integration of Ukrainian companies into the global economy. The purpose of the paper is to analyze the features of compliance in the internal control system of a business entity. The object of the study is compliance in the internal control system. The subject of the study is the role and value of compliance in risk management and compliance with standards. Results. The paper is devoted to the study of the concept of “compliance” in the internal control system of a business entity in order to improve its efficiency in the management system of banks in Ukraine and to ensure compliance with methodological recommendations and standards of corporate governance by professional participants of the stock market. The theoretical aspects of compliance, namely the definitions of authors in the scientific literature on this category are considered. The main types of compliance that are used for any business entities are highlighted. The features of the internal control compliance system to ensure the effectiveness of corporate governance are revealed, and also highlighted the priorities of the compliance function in foreign countries as a certain experience that requires purposeful implementation in our country. Conclusions. The compliance system of internal control of a business entity is an integral part of strategic management and achievement of its goals. It is important not only to recognize the importance of compliance, but also to systematically integrate it into the company's culture. A well-developed compliance system allows a business entity to effectively manage risks, improve processes and strengthen its position in the competitive environment. Therefore, the improvement of the internal control compliance system is determined by the need to constantly analyze and adapt to changes in the internal and external environment. This contributes to improving the sustainability, reliability and business reputation of the enterprise in the context of the establishment of demanding standards of management and corporate responsibility.