Abstract
The article reveals the important role and importance of internal control for agricultural organizations, its purpose and objectives are given. It is noted that the internal control system is a set of methods and techniques that ensure compliance with regulatory legal acts, the safety of assets, the timely reflection of business transactions in the accounting, prevention of abuse by staff, and the formation of reliable financial statements. The higher the level of organization of internal control, the lower the risk of material distortion of the data in the financial statements of agricultural organizations. At this stage of development, internal control is not only a verification of the accuracy of accounting, but also is a control function of management. In the process of its implementation, the risks of the organization and their consequences are assessed. The article focuses on the risks that distort the financial statements of the organization, and also provides ways to minimize them.
Highlights
The stability of an organization depends on positive financial indicators, and on the construction of an internal control system
Improving the internal control system remains an urgent task for agricultural organizations in connection with the implementation of mandatory requirements in the legislation
Many agricultural organizations have an internal control system, since the process of financial and economic activities involves constant control and evaluation of actual achievements, identification of deviations and their elimination, as well as effective use of reserves identified in the course of control
Summary
The stability of an organization depends on positive financial indicators, and on the construction of an internal control system. Improving the internal control system remains an urgent task for agricultural organizations in connection with the implementation of mandatory requirements in the legislation. The necessity of application of internal control in the organization is presented in the law No 402-FZ "Accounting Act", namely, from 01.01.2013, internal control is mandatory for all economic entities. The consolidation of this norm in the Federal Law is an important step towards organizing a qualitative approach to the introduction of internal control.
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