Internal control and internal audit in ICS

UDC 657.6

Authors

Tokaeva B. B.

Abstract

The article considers the role and place of internal control and internal audit in ICS, discloses the “lines of defense” at the enterprise, clarifies the tools for conducting internal audits in the company, identifies common features and differences between internal audit and internal control. Internal control and internal audit contribute to the successful development of the economic entity, improve its functioning, the competitiveness of the organization, ensure the reliability of financial information and reduce the risks of making wrong management decisions.

Keywords

internal control, internal audit, internal control system, enterprise, business, labor relations, verification, audit, control.