Some aspects of the development of the internal control system at the enterprise

Abstract

The Company establishes internal control as a measure to counteract violations and a tool to protect the interests of the company. Internal controls are procedures implemented by a company to prevent fraud, increase accountability, and ensure the integrity of financial data. Internal controls are unique to each company and are designed according to the size and structure of the company. Effective internal control is aimed at achieving the company’s goals and protecting the company’s interests. Internal control not only eliminates risks for the company, but also reduces unnecessary costs or efforts. Internal control ensures that the company complies with federal laws and regulations in the field of financial data management. Reliable internal controls can improve operational efficiency and ensure the reliability of financial statements during internal or external audits.