Methods of internal control in integrated management accounting system of the enterprise

• Main Authors: Shevelev A.E., Sheveleva E.V., Gvozdev M.Yu.
• Format: Article
• Language: English
• Published: EDP Sciences 2017-01-01
• Series: SHS Web of Conferences
• Online Access: https://doi.org/10.1051/shsconf/20173501115

The purpose of internal control procedure of material and information flows is expression of independent opinion about accounting of material and information flows of the organization, development of recommendations about elimination of detected violations and preparing data to implement automated management accounting system, based on integrated system. Internal control procedure of material and information flows in the enterprise can solve complex of problems about identifying deficiencies in accounting, searching for reserves using information resources, identifying opportunities for implementation of automated management accounting system at the enterprise. Internal control was planned and conducted thus to argue that management statements are free of misstatement, and information flows provide required operability of the entire system. Internal control was carried out on a sample basis and included examining, on a test basis evidence supporting the amounts and disclosures in management reports. The disclosure of information about innovative activities, assessment of compliance with the principles and rules of accounting used in the preparation of management reporting, the review of key performance indicators, as well as evaluating the presentation of management reports are presented.