Investigation of the Influence of Internal Control System Factors on the Financial Stability of Companies (Review)

Abstract

Annotation. The quality of the internal control system can have a significant impact on decision-making by users of financial information and on the negative economic consequences of the organization's economic activities (bankruptcy, fictitious audit reports, etc.). The author suggests that these consequences are typical for Russian organizations due to their poor study of the factors that affect the system of internal control of organizations. The study reviewed 30 foreign (China, USA and Europe) publications indexed in Scopus and Web of Science on the problem of the influence of external and internal factors on the internal control system of organizations. Based on the results of the analysis of the literature, external and internal factors have been identified that affect the internal control system, which are characteristic of Russian organizations. In addition, the prospects for studying these factors for the internal control system of Russian organizations are outlined.