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Abstract. This article addresses the issue of internal control and expediency automation of system of internal control. It is realized the analysis of options for building an automated system of internal control, including the most popular information systems. The paper evaluated the difficulties that may arise in the process of automation, and also highlights factors that should be paid special attention in selecting solutions for automation of the internal control. At the end of are marked benefits of the implementation of information systems of internal control.
Keywords: automation, internal control, risk management, monitoring.
Internal control is always present in activity of companies, often informally and unconsciously. The increasing complexity of management in companies led to a complication of internal control and the fall of its effectiveness using informal or poorly organized approach.
Inspection and testing of controls, formation reporting on internal control is laborintensive processes, which are time-consuming. Documented and implemented approach to organization of internal control system can be optimized to reduce time spent on repetitive tasks.
The internal control system is most effective when the control is built into the infrastructure of the company and is part of its core business. Execution of actions, provided by the system of internal control, ensures that all transactions are recorded in accordance with the requirements. Development of the system of internal control includes the performance of action for integrating the components of internal control in all business processes related to financial reporting, operation activity, training, asset management and the use of automated systems.
Information technology is a critical element in supporting reliable and effective system of internal control, taking into account the quickly cost recovery on information systems and equipment, as well as the costs and risks related to failure to automate control procedures.
Automation of internal control - is a phenomenon, that gaining more popularity in modem market and providing a business efficiency. It should be noted that automation of internal control does not resolve organizational problems, but is only a tool to reduce labor costs.
Necessity of automation caused by the fact that to satisfy the requirements of COSO (The Committee of Sponsoring Organizations of the Treadway Commission) need to control the risks of all business processes, which is very time-consuming and...