INTERNAL CONTROL AS A TOOL TO IMPROVE THE MANAGEMENT SYSTEMOF THE ORGANIZATION

Abstract

The purpose of this article is to consider internal control as a tool to improve the effectiveness of management of
the organization. Each organization in the process of economic activity is exposed to various threats, both internal and
external, which have a significant impact on its performance. For prevention of threats to economic security, it is necessary
to develop a complex of necessary measures, directed to detection and operative elimination of the revealed threats.
The performance of this task is promoted by the organization of internal control system in the organization. Problems of
organizing internal control and audit are primarily relevant in joint-stock companies, organizations with an extensive
management system, as well as for organizations that submit financial statements in accordance with both national and international standards. The paper proposes measures to improve the management system of the organization through the creation of an internal control system that ensures the achievement of high results of financial and economic activities,
the efficiency of all business processes, increased profitability and asset growth.

Table 1. Fig. 1. Ref.: 10 titles.