Internal control as part of prevention irregularities in accounting of budgetary institution

• Main Authors: O.М. Bunda, E.М. Guzenko
• Format: Article
• Language: English
• Published: Zhytomyr Polytechnic State University 2016-07-01
• Series: Проблеми теорії та методології бухгалтерського обліку, контролю і аналізу
• Subjects: accounting; auditing; control; internal control; budgetary institution
• Online Access: http://pbo.ztu.edu.ua/article/view/72174

The article researches the principles of internal control, the importance, the rationale for the essence of the system of internal control and the legislative building in budgetary institution. It describes the main challenges and problems of practical application of internal control in the normal course of business in modern enterprises. It reveals the following elements of the internal control of a budget institution as: control environment, risk assessment process of a budget institution, information systems, control procedures and control monitoring. The dependence between the effectiveness of accounting and internal control of a budget institution is determined. The paper highlights the methods of evaluation of internal control of a budget institution. This method is recommended for use in the preliminary assessment of control risk budget institution. The concept of «decision» as on the whole and also in particular in internal control is covered. The essential grouping indications of internal control decisions are defined and every type of decisions is characterized. The main directions of improvement of internal control to prevent violations in accounting of a budgetary institution is examined.