Учёт. Анализ. Аудит (Jan 2025)
The Role and Forming of Internal Control Over the Economic Stability of Business Entities
Abstract
Significance. One of the major tasks of forming internal control and the audit of business entities in modern conditions is the timely detection of threats and risks of insolvency and the possibility of bankruptcy. This determines prizing constant control over the economic stability of the organization and its divisions. This area of control is especially relevant in corporate structures that unite a group of enterprises linked by a single production process for manufacturing complex science-intensive products, but keeping their independence. Currently, this area of internal control and audit is under development and is sparsely represented in scientific literature, methodological documents, and recommendations. Its role is becoming clear at all stages of the formation and improvement of production and management structures in holding-type organizations. The methodological basis of the study is fundamental scientific works of Russian and foreign specialists in the sustainable development of economic entities. Also, the research includes balanced systems of indicators for assessing the economic condition and efficiency of organizations taking into account their administrative and technical features, normative and methodological documents governing the organization of internal control and analysis systems (ICAS) in corporate structures, and the experience of their formation at leading enterprises in Russia and other countries. The holding structure, its participants’ activities, and its strategic and business model choices all reflect sustainable development considerations. Improving and developing control processes at all levels requires focusing on methodological materials for this control area. The study aims to confirm the importance of control in sustainable corporate development within the ICAS framework, exploring its links to other audit and control systems and pinpointing specific aspects at various management levels and development stages. Conclusions. The paper defines the significance and fundamental areas of internal control of the sustainability of corporate structures and their participants. The authors identified the major areas of internal corporate control and leading control points, as well as determined the methods and procedures of this area of control, emphasizing the role of each participant in the production process, ensuring its greatest potency and efficiency.
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