International Concept of an Assessment of Internal Control Efficiency in the Conduct of an Audit

  •  Albina Serafimovna Mukhina    


Internal control in the conduct of an audit creates real prerequisites for successful business development and growth of competitiveness of the enterprise. The main advantages of the availability of internal control system in the organization consist in the fact that in internal control may improve the quality of accounting of the company; internal control system has a positive effect on the further development of business. Another advantage of the presence of the internal control system is to improve the quality of work of the branches and structural divisions of the company in connection with the supervision of their activities. Internal control system the company is able to identify the hidden reserves on the use of material and labor resources, and stimulate the development of measures for reduction of production cost. In the article the notion and the basic elements of the internal control system during the conduct of an audit. Reviewed international framework for internal control in the conduct of an audit, which are used for the development of domestic procedures of internal control. The comparison and analysis of the concepts of internal control on the proposed criteria: definition; target group; orientation; principles; goals and objectives; composition; performance evaluation.

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