PRINCIPLES OF ORGANIZATION OF INTERNAL CONTROL AND INTERNAL AUDIT IN CORPORATE GOVERNANCE

Abstract

The article theoretically highlights the principles of the organization of internal control and internal audit in corporate governance, within the framework of which various situations were studied that were not regulated by existing rules in the process of internal control and internal audit, the principles of the organization of internal control based on the analysis of various opinions of economists, the rules of internal control. The importance of continuity of internal control was investigated to justify the need for timely updating of business processes in connection with changing operating conditions, which are crucial for the company's position in the market in today's dynamically developing economy.
One of the objectives of the control principle is to adapt the organization to changes in activity, and scientific and theoretical proposals are often developed to improve the organizational and economic characteristics of increasing the effectiveness of internal control, scientifically substantiating that innovations do not have a significant positive effect due to the lack of appropriate changes that ensure their optimal use.