INTERNAL CONTROL OF ACTIVITIES: PLACE IN THE MANAGEMENT SYSTEM AND RELATIONSHIP WITH THE COMPANY'S ACCOUNTING AND ANALYTICAL RESOURCE

Abstract

The article is devoted to determining the place and role of internal control in the management system of enterprises in current business conditions and identifying the relationship of control procedures with accounting support of activities and the use of analytical tools to optimize management decisions. The role of internal control as an important tool for ensuring compliance with legal requirements, managing business risks, increasing the level of financial stability and competitiveness of the enterprise is emphasized. Problematic aspects of the management system at the enterprise in the context of the application of control measures are presented, in particular, the focus of control procedures on observation and supervision, the lack of a systematic approach to control measures, the insufficiency of the use of specialized analytical tools and digital technologies. The need for data collection and monitoring, their processing and systematization for management needs is noted, which will increase the level of validity of management decisions made on the basis of relevant, timely and complete information about the enterprise's business activities. The key aspects of the relationship between internal control and the accounting and analytical resource of the enterprise are determined. Directions for optimizing the management system of the means of internal control of its activity in interaction with the accounting and analytical resource of the business entity are proposed. Attention is focused on the digitalization of business processes, increasing the level of professional competence of managers, effective communication and optimization of internal control in the context of the general strategy of the company's development. It is emphasized that the effective interrelationship of control procedures with accounting and analytical resources will increase the level of validity of management decisions made on the basis of relevant, timely and complete information about the business activities of the enterprise. It was concluded that internal control, accounting and analysis at the enterprise provide various functional capabilities, but collectively contribute to the economic development of the business entity.