Abstract
Internal control has become particularly relevant in the management activities of any enterprise in a competitive environment in order to ensure the efficient operation of the enterprise. The internal control system is aimed at productive and efficient operation of the enterprise. Along with internal control, the concept of “internal auditing” is found in practice as well as in various sources. In some sources these concepts may be identical, in some - it is possible to see their similarities and differences. In the scientific works, there is a lack of consensus on understanding the content of internal control and internal auditing. The article attempts to define the definitions of these concepts, highlights their distinctive features from other management techniques and from each other. The terms analysis, the classification of principles of internal control organization and internal auditing are given in the article and it allows to systematize the system as a whole and to determine the significant difference between the concepts of “internal control” and “internal auditing.”
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Committee of Sponsoring Organizations of the Treadway Commission: Internal control - integrated framework executive summary. American Institute of Certified Public Accountants, 2013 (2013). https://www.coso.org/Documents/990025P-Executive-Summary-final-may20.pdf. Accessed 25 Apr 2020
Dontsova, L.V., Sharamko, M.M.: Methodological problems of internal control in the system of international standards. Bull. Bryansk State Univ. 3(26), 285–290 (2015)
Ermishina, O.F., Mataeva, A.A.: The system of internal control and methods of its organization. Int. Res. J. Successes Mod. Sci. Educ. 3(7), 107–109 (2016)
International standards for the professional practice of internal auditing (standards). The Institute of Internal Auditors (2016). https://na.theiia.org/standards-guidance/Public%20Documents/IPPF-Standards-2017.pdf. Accessed 25 Apr 2020
Ivanov, O.B.: Risk-oriented system of internal control and audit. Railw. Transp. 6, 44–51 (2015)
Lima declaration of the guidelines for control (approved IX Congress of the International Organization of Supreme Audit Institutions (INTOSAI), Lima (Peru), 1977) (1977). https://base.garant.ru/2570738/. Accessed 25 Apr 2020
Makarenko, S.A.: Methodology of internal audit of receivables and payables in trade organizations. Ph.D. thesis. Kuban State Agrarian University, Krasnodar (2014)
Melnik, M.V.: The development of strategic audit. Innov. Dev. Econ. 4(10), 42–49 (2012)
Ostrenko, E.V.: The internal control system as a tool to increase the reliability of financial statements. Accounting 1, 87–91 (2016)
Sharamko, M.M., Garipov, I.R.: Institutional Compliance Control. Monograph. . Ruscience, Moscow (2016)
Turishcheva, T.B.: Introduction of international auditing standards in Russia. Auditor 1(12), 12–17 (2015)
Vlasova, N.V., Popova, I.E.: Professional activities of the internal audit: goals and development. Young Sci. 11(115), 633–639 (2016)
Zambrzhytsckaya, E.S., Kosheleva, AYu.: Reliability assessment of the insurance company’s internal control system at the level of business processes using the example of the underwriting department. Young Sci. 17(121), 383–389 (2016)
Zudenkova, S., Zhuravleva, N.: On the effectiveness of internal financial control. Vestn. Univ. 21, 161–163 (2014)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Piskunov, V.A., Tarasova, T.M. (2021). Internal Control and Internal Auditing Definitions. In: Ashmarina, S.I., Horák, J., Vrbka, J., Šuleř, P. (eds) Economic Systems in the New Era: Stable Systems in an Unstable World. IES 2020. Lecture Notes in Networks and Systems, vol 160. Springer, Cham. https://doi.org/10.1007/978-3-030-60929-0_94
Download citation
DOI: https://doi.org/10.1007/978-3-030-60929-0_94
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-60928-3
Online ISBN: 978-3-030-60929-0
eBook Packages: EngineeringEngineering (R0)