IDEAS home Printed from https://ideas.repec.org/a/cvt/journl/y2024id981.html

Some aspects of the development of the internal control system at the enterprise

Author

Listed:
  • N. N. Gubachev

Abstract

The Company establishes internal control as a measure to counteract violations and a tool to protect the interests of the company. Internal controls are procedures implemented by a company to prevent fraud, increase accountability, and ensure the integrity of financial data. Internal controls are unique to each company and are designed according to the size and structure of the company. Effective internal control is aimed at achieving the company’s goals and protecting the company’s interests. Internal control not only eliminates risks for the company, but also reduces unnecessary costs or efforts. Internal control ensures that the company complies with federal laws and regulations in the field of financial data management. Reliable internal controls can improve operational efficiency and ensure the reliability of financial statements during internal or external audits.

Suggested Citation

  • N. N. Gubachev, 2024. "Some aspects of the development of the internal control system at the enterprise," Scientific notes of the Russian academy of entrepreneurship, JSC “Publishing Agency “Science and Educationâ€, vol. 23(1).
    • Handle: RePEc:cvt:journl:y:2024:id:981
    DOI: 10.24182/2073-6258-2024-23-1-43-47
    as

    Download full text from publisher

    File URL: https://www.scinotes.ru/jour/article/viewFile/981/845
    Download Restriction: no
    File URL: https://libkey.io/10.24182/2073-6258-2024-23-1-43-47?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Feng, Mei & Li, Chan & McVay, Sarah, 2009. "Internal control and management guidance," Journal of Accounting and Economics, Elsevier, vol. 48(2-3), pages 190-209, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. James Christopher Westland, 2020. "Predicting credit card fraud with Sarbanes‐Oxley assessments and Fama‐French risk factors," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 27(2), pages 95-107, April.
    2. Christopher D. Ittner & Jeremy Michels, 2017. "Risk-based forecasting and planning and management earnings forecasts," Review of Accounting Studies, Springer, vol. 22(3), pages 1005-1047, September.
    3. Baolei Qi & Liuchuang Li & Qing Zhou & Jinghui Sun, 2017. "Does internal control over financial reporting really alleviate agency conflicts?," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(4), pages 1101-1125, December.
    4. Tatiana Dănescu & Mihaela Prozan & Andreea Danescu & Roxana Diana Prozan, 2013. "The Informational Risk - Operational Research Over The Net Accounting Result," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-16.
    5. Zhou, Hang & Ding, Rong & Li, Yifan & Sun, Yuxin, 2025. "Disclosure of investor relationship activities and stock crash risk: Evidence from private in-house meetings," The British Accounting Review, Elsevier, vol. 57(4).
    6. Ren, Xiaoyi, 2025. "Non-profit minority institutional shareholder and corporate external guarantee," Journal of Multinational Financial Management, Elsevier, vol. 80(C).
    7. Voshaar, Johannes & Loy, Thomas R. & Zimmermann, Jochen, 2025. "The impact of lobbying on managerial short-term resource adjustment decisions," The British Accounting Review, Elsevier, vol. 57(3).
    8. Wunhong Su & Liuzhen Zhang & Chao Ge & Shuai Chen, 2022. "Association between Internal Control and Sustainability: A Literature Review Based on the SOX Act Framework," Sustainability, MDPI, vol. 14(15), pages 1-30, August.
    9. Rui Xiang & Congmin Song & Rongyu Lin & Lu Shen, 2025. "Visual annual reports and stock price crash risk," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 65(2), pages 2035-2064, June.
    10. Chung, Chune Young & Thi Ngoc Dung, Pham & Liu, Chang, 2024. "Institutional blockholder monitoring and stock price crash risk," The Quarterly Review of Economics and Finance, Elsevier, vol. 98(C).
    11. Qiuyang Tu & Zhao Duan & Hong Zhou, 2024. "Performance gap and the timing of corporate social responsibility disclosure‐A trust repair perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4878-4892, September.
    12. Qianqian Chen & Shilin Liu, 2025. "Internal Control Quality and Leverage Manipulation: Evidence from Chinese State-Owned Listed Companies," Sustainability, MDPI, vol. 17(7), pages 1-29, March.
    13. Yan Li & Yutao Li, 2020. "The effect of trade secrets protection on disclosure of forward‐looking financial information," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(3-4), pages 397-437, March.
    14. Elsayed, Mohamed & Elshandidy, Tamer, 2021. "Internal control effectiveness, textual risk disclosure, and their usefulness: U.S. evidence," Advances in accounting, Elsevier, vol. 53(C).
    15. Stephen P. Baginski & Kenneth C. Rakow, 2012. "Management earnings forecast disclosure policy and the cost of equity capital," Review of Accounting Studies, Springer, vol. 17(2), pages 279-321, June.
    16. Skaife, Hollis A. & Veenman, David & Wangerin, Daniel, 2013. "Internal control over financial reporting and managerial rent extraction: Evidence from the profitability of insider trading," Journal of Accounting and Economics, Elsevier, vol. 55(1), pages 91-110.
    17. Kelly Huang & Brent Lao & Gregory McPhee, 2020. "Internal information quality and patent‐related innovation," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 47(3-4), pages 489-518, March.
    18. Ye, Mao & Zheng, Miles Y. & Zhu, Wei, 2023. "The effect of tick size on managerial learning from stock prices," Journal of Accounting and Economics, Elsevier, vol. 75(1).
    19. Li, Chan & Sun, Lili & Ettredge, Michael, 2010. "Financial executive qualifications, financial executive turnover, and adverse SOX 404 opinions," Journal of Accounting and Economics, Elsevier, vol. 50(1), pages 93-110, May.
    20. Inder K. Khurana & Hoyoun Kyung, 2021. "Internal control material weakness and CEO recruitment," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 48(9-10), pages 1940-1987, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cvt:journl:y:2024:id:981. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.