CONCEPTUAL FRAMEWORK OF INTERNAL CONTROL IN TRADE ORGANIZATIONS 

Goldina Anna Aleksandrovna, Candidate of economic sciences, associate professor, sub-department of accounting, taxation and audit, Penza State Unive, E-mail: anna3103@rambler.ru
Kuznetsova Marina Vladimirovna, Master’s degree student, Penza State University (40 Krasnaya street, Penza, Russia), E-mail: mrmrmmrr@yandex.ru 

657.6 

10.21685/2309-2874-2019-2-3 

Background. The effectiveness of financial and economic activities of a trade organization is largely determined by a rationally structured system of internal control. Internal control is in most cases defined as a set of elements, methods and technologies aimed at minimizing various types of risks associated with the activities of a particular organization. It is an effective way to manage the business processes of an organization. But today internal control capabilities are not fully implemented. This is due to the lack of a standardized approaches to the formation and implementation of control and analytical procedures. The purpose of the work is to determine the organizational and methodological aspects of the creation and functioning of the internal control system in a trade organization.
Materials and methods. The implementation of the research goal was achieved through the study of normative documents, as well as the results of the study of the works of Russian and foreign economists. The methodological basis is the classical general scientific research methods: analysis, synthesis, induction, deduction, generalization and classification, as well as comparative and system analysis.
Results. The study allowed us to identify the essential characteristics of the concept of “internal control”, to detail the goals and objectives of the creation and functioning of the internal control system, to develop a map of basic procedures for conducting internal control of a trade organization, and also to identify the main elements of a matrix that reflects the ratio of risks and control procedures
Conclusions. The effectiveness of a trading organization is largely associated with the implementation of control and analytical procedures that are best implemented within the framework of the internal control system. This system should not only be integrated into the organizational and management structure of the organization, but formalized by documenting and detailing all the elements. 

internal control system, control procedures, business processes, business risks 

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