Section of the journal:
Finance
Pages:
54-62
Bibliographic description of the article
Kuvaldina, T. B. ORGANIZATION OF INTERNAL FINANCIAL CONTROL AT THE ENTERPRISE / T. B. Kuvaldina, T. A. Fomenko. – Text : direct //
Innovative Economics and Society. – 2024. – № 4 (46). – С. 54-62
Abstract
The topic of internal financial control has perhaps never been discussed as intensively as it is today, as business conditions in our country have changed significantly. Due to serious corporate crises and disputes, as well as frequent bankruptcies of companies, it has become clear that it is urgent to take measures to strengthen control over the activities of employees, facts of economic life, and financial flows. But many business leaders are uncertain about how effective internal control should be organized. Taking into account the sometimes significant costs of adapting internal control to the external environment of the enterprise, more and more often business owners and top managers question the need for this type of control. At the same time, properly organized internal financial control is able to timely identify violations of the legislation of the Russian Federation, detect crimes of corruption, and ensure financial security. The article considers the essence of internal control and its components, outlines the author's position on internal financial control and proposes an algorithm of actions for its organization at the enterprise.ERPRISE.
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