Theoretical aspects of internal control

Olga Starenka
Teacher of Accounting and Auditing Department, Odessa National Economic University, e-mail:starenkajaolja@rambler.ru

Cite this article:

Starenka, O. (2016) Theoretical aspects of internal control. Ed.: M. Zveryakov (ed.-in-ch.) and others [Teoretychni aspekty vnutrishnioho kontroliu; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 1, No. 60, pp. 289–296.

Abstract

Different approaches to definition of internal control are investigated in the article. Approaches of local scientists and the experience of other countries are generalized. Regulations of some countries relating to internal control in enterprises are analyzed here. It is proved the usefulness of the concept of «internal control» and its definition is formulated. It is proposed to approve in Ukraine at the legislative level provisions for planning and implementation of internal control in enterprises by changing existing regulations or creating the new ones. The direction of future research problems of the theoretical aspects of internal control is determined.

Keywords

control; internal control; internal business control; enterprise; internal audit; system of internal control.

JEL classification: M420;  DOI: https://doi.org/10.33987/vsed.1(60).2016.289-296

UD classification: 657.633

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