THE ROLE OF INTERNAL CONTROL IN THE ENTERPRISE MANAGEMENT SYSTEM

The paper considers the basic concepts of internal control, the stages of creation of effective internal control system in a company, and determines the main requirements to the creation of internal control system. The paper has special relevance both in relation to the consequences of the world economy crisis and in relation to the current changes in the legislation and economy reorientation to import substitution that will influence significantly on the domestic market. The authors determined that the efficiency of the enterprise functioning is specified by the degree of achievement of the objectives set by the management to reduce the risk of adverse consequences influence on the result of the company activity, and to decrease the expenses. The methods of management are the main leverage for the goals achievement. The application of management methods is related to the creation of a management system which has the mechanism, the structure, and the elements allowing to perform management process and to make effective administrative decisions. Thus, the management system is the set of methods and factors directed to the goals realization and the eventual result achievement, which represents the system of elements.