IMPROVING THE RISK-ORIENTED INTERNAL CONTROL SYSTEM IN TERMS OF THE ECONOMIC SECURITY OF THE ORGANIZATION

The economic recession of Russia in 2008 and 2009, besides the negative consequences for the economy of the country, has given managers of the Russian business entities the possibility to change their opinion regarding the effective and sustainable long term development of financial and economic activities defining internal control as an important mechanism for addressing this issue. This fact has increased the importance of internal control system accounting and information system of economic security of the organization and identified the process for implementing the functions of internal control, assisted by management in decision-making in the field of risk management, as well as to improve the efficiency of business processes.

risk-oriented system of internal control, risk management, economic security of the organization, risk-based approach, current control, risk control, internal audit, assessment of the acceptability of risks, evaluation of the effectiveness of risk mitigation plans.

Marsunova E. V. Improving the risk-oriented internal control system in terms of the economic security of the organization // Business. Education. Law. Bulletin of Volgograd Business Institute. 2017. No. 3 (40). P. 114–118.