Approaches to the definition of internal financial control

The article presents an analytical review of Russian and foreign approaches to understanding internal financial control. Different opinions of economists on the methods and tasks of internal financial control have been studied. As the main trend of the study of internal financial control, the streng...

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Main Author: D. R. Khabibullina
Format: Article
Language:Russian
Published: Russian Academy of Entrepreneurship 2020-01-01
Series:Путеводитель предпринимателя
Subjects:
Online Access:https://www.pp-mag.ru/jour/article/view/118
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author D. R. Khabibullina
author_facet D. R. Khabibullina
author_sort D. R. Khabibullina
collection DOAJ
description The article presents an analytical review of Russian and foreign approaches to understanding internal financial control. Different opinions of economists on the methods and tasks of internal financial control have been studied. As the main trend of the study of internal financial control, the strengthening of the role of the system approach is called. The article examines the main domestic models of internal control (indicative, effective, risk-oriented) and provides a comparative analysis of international models of internal control (COSO, COBIT, Ternbull Rewiev Group, KonTraG). The article concluded that it is necessary to increase the effectiveness of the internal control system through a risk-based model. The analysis of approaches to understanding this concept allowed to form a theoretical basis for studying the issues of practical formation of the internal control system.
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institution DOAJ
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publishDate 2020-01-01
publisher Russian Academy of Entrepreneurship
record_format Article
series Путеводитель предпринимателя
spelling doaj-art-240446c84b974de580e28cbf01fe2e0b2025-08-20T02:54:36ZrusRussian Academy of EntrepreneurshipПутеводитель предпринимателя2073-98852687-136X2020-01-01036258267117Approaches to the definition of internal financial controlD. R. Khabibullina0Financial University under the Government of the Russian Federation, Ufa branchThe article presents an analytical review of Russian and foreign approaches to understanding internal financial control. Different opinions of economists on the methods and tasks of internal financial control have been studied. As the main trend of the study of internal financial control, the strengthening of the role of the system approach is called. The article examines the main domestic models of internal control (indicative, effective, risk-oriented) and provides a comparative analysis of international models of internal control (COSO, COBIT, Ternbull Rewiev Group, KonTraG). The article concluded that it is necessary to increase the effectiveness of the internal control system through a risk-based model. The analysis of approaches to understanding this concept allowed to form a theoretical basis for studying the issues of practical formation of the internal control system.https://www.pp-mag.ru/jour/article/view/118cosocobitternbull rewiev groupkontraginternal financial controlsystem of internal controleffective modelindicative modelrisk-oriented modelcosocobitternbull rewiev groupkontrag
spellingShingle D. R. Khabibullina
Approaches to the definition of internal financial control
Путеводитель предпринимателя
coso
cobit
ternbull rewiev group
kontrag
internal financial control
system of internal control
effective model
indicative model
risk-oriented model
coso
cobit
ternbull rewiev group
kontrag
title Approaches to the definition of internal financial control
title_full Approaches to the definition of internal financial control
title_fullStr Approaches to the definition of internal financial control
title_full_unstemmed Approaches to the definition of internal financial control
title_short Approaches to the definition of internal financial control
title_sort approaches to the definition of internal financial control
topic coso
cobit
ternbull rewiev group
kontrag
internal financial control
system of internal control
effective model
indicative model
risk-oriented model
coso
cobit
ternbull rewiev group
kontrag
url https://www.pp-mag.ru/jour/article/view/118
work_keys_str_mv AT drkhabibullina approachestothedefinitionofinternalfinancialcontrol