Abstract
Documentary support of internal control of transactions with current assets has been considered in the article. The objective of the article is to summarize documentation of internal control of transactions with current assets and to present the forms of work papers of an internal controller for the object in order to improve organization and methods of internal control. This study of internal control documentation of current assets was conducted using methods of analysis, generalization, grouping and comparison. The method of graphical representation was applied in the development of certain forms of work papers. It is established that at present there is no legislative regulation of the procedure for documenting internal control, which, on the one hand, complicates the activities of internal controllers, and on the other hand, it gives some autonomy in the selection and application of specific documents. Documenting internal control of transactions with current assets through the use of organizational and preparatory, working and final reporting documentation will enable achieving the objectives in the most efficient, effective and economical way for the entity. Twenty forms of work papers of the internal controller on transactions with current assets have been developed, namely on verification of: composition and structure of current assets; checking the composition and share of individual stocks in current assets; correctness of the assignment of certain types of stocks to the relevant accounts; correctness of the formation of initial cost of certain types of stocks; correctness of the value of inventories in line 1100 "Inventories" of the Balance Sheet (Statement of financial situation) of an enterprise; composition and structure of current biological assets; correct entry of animal crop; composition and share of receivables in current assets; correctness of the formation of data on receivables and analysis of its structure; terms and ways of occurrence of receivables; comparison of the amount of receivables with the data of the counterparty; grouping of receivables by maturity; assessment of the state of contractual discipline and methods of influencing debtors; correctness of registration of transactions with accountable persons; completeness and timeliness of reporting of accountable persons (separately for each accountable person); the order of accounting for current financial investments; composition and structure of money and their equivalents; procedure for accounting for future expenses; composition and structure of other current assets; availability and procedure for the formation of amounts under additional items of current assets of the Balance Sheet (Statement of financial situation) and a letter of request sent to the counterparty to confirm the reality of receivables. The presented work papers are part of the methodological support of internal control of certain current assets. Their practical use in the activities of internal controllers will allow obtaining, investigating, summarizing, grouping and visualizing information about the actual state of the object under study. Prospects for further research are seen in the deepening of the scientific component of documentation of internal control, development of document classification for the subjects of control powers and presentation of forms of work papers for various objects.
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