Evaluation of the maturity level of the internal control system of a commercial organization and ways to increase its efficiency

Abstract

Purpose: this article is devoted to study of internal control systems of commercial organizations and comparison of models of management of the internal control function in various economic entities. In particular, consideration of the maturity levels of the internal control system and the control procedures used, which will allow organizations to assess the effectiveness of activities by optimizing business processes. Discussions: an analysis was carried out among representatives of Russian organizations and Russian divisions of foreign organizations, during which information was collected on the control environment in the studied economic entities, risk assessment for the purpose of organizing the work of the internal control system, established control procedures and work with identified deficiencies. The analysis considered: technologies used to organize the work of the internal control function; general ways of development of the internal control system, including the key tasks currently facing the internal control function; competencies necessary for the implementation of the assigned tasks and barriers that impede their implementation. Results: the study showed that the development of technology helps economic entities to organize a more effective system of internal control. Data processing and process analysis tools or robotization solutions, risk management and compliance systems (GRC) should be applied. As a rule, economic entities using technologies to monitor deviations of the internal control system manage to achieve a higher level of maturity of the control environment by optimizing business processes.