Improving the internal control system in the digital economy

Subject. This article examines the problems faced by the internal control systems of economic entities in the context of the digital economy, and it searches for potential solutions to improve the efficiency and adaptability of these systems. Objectives. The article aims to substantiate the areas for improving the internal control system in the context of digitalization. Methods. For the study, we used a systems approach, comparison, systematization, and data generalization. Results. Based on the analysis of the problems associated with the improvement of control procedures in the context of the digital economy, the article offers recommendations for the phased implementation of digital transformation in the internal control system of a commercial organization, and it identifies digital technologies that can help in the successful implementation of each of the identified stages. Conclusions. By implementing digital transformation, organizations can streamline internal control processes by automating manual and repetitive tasks, thereby increasing efficiency and reducing the likelihood of errors. Using advanced analytics, organizations can make data-driven decisions, detect fraudulent activity, and streamline internal controls in real time.