INTERNAL CONTROL IN THE SECURITY SYSTEM OF A CORPORATE ORGANIZATION (ON THE EXAMPLE OF JSC «MINUDOBRENIYA»)

Abstract

Introduction. The functioning of corporate organizations in a changing business environment puts forward requirements for improving the management processes of an economic entity, and above all, the transformation of its functions in the field of forecasting, planning, regulation, accounting. The increasing role of control functions is due to the need to regularly monitor and analyze the state of business processes of an economic entity, the formation of a unified infor-mation base of economic analysis for making management decisions in the field of strengthen-ing the economic security of the corporation. Objectives. Development of provisions for or-ganizational and methodological support of internal control of commercial organizations to improve the quality of their control activities and the effectiveness of the functioning of the corporate organization as a whole in the conditions of business continuity and strengthening of external threats to the business environment. Methods. The theoretical basis for writing the article was the use of general scientific methods of cognition as an analysis, a systematic ap-proach to the processes and phenomena studied in the article, and detailing. To interpret the obtained research results, we used a logical approach, deductions and induction, comparison, summaries and groupings, analytical procedures and other methods. Results. The systematiza-tion of existing approaches to the disclosure of the essence of internal control is carried out, the description of the object of research is given on the basis of an integrated approach, which made it possible to justify the ways of organizing the internal control system of a corporate or-ganization in order to ensure a high level of security of its activities. The scheme of interaction of the internal control department with other structural divisions of the corporate organization and interested parties is presented, which made it possible to determine the place of the internal control system in the management system of the corporate organization. Conclusions. The pro-posed model of interaction of internal control subjects developed on the basis of the data of the corporate organization of JSC "Minudobreniya", the developed recommendations for improv-ing its functioning in accordance with the interpretation of the results of the use of analytical procedures indicate the need to integrate the use of control procedures in all business processes of the corporate organization, a clear distribution of job responsibilities and responsibilities of business process participants for improving the efficiency of implementing control recommen-dations into corporate governance practice and constant monitoring of the implementation of control procedures, which will increase the level of economic security of the corporation.