| Issue |
E3S Web of Conf.
Volume 222, 2020
International Scientific and Practical Conference “Development of the Agro-lndustrial Complex in the Context of Robotization and Digitalization of Production in Russia and Abroad” (DAIC 2020)
|
|
|---|---|---|
| Article Number | 06025 | |
| Number of page(s) | 5 | |
| Section | Food Security. Economics and Legal Regulation in the Agro-industrial Complex | |
| DOI | https://doi.org/10.1051/e3sconf/202022206025 | |
| Published online | 22 December 2020 | |
The importance of internal control for agricultural organizations and ways to improve it
Ulianov Chuvash State University, Department of Accounting and Electronic Business, Cheboksary, Russia
* Corresponding author: 2013-leto@list.ru
The article reveals the important role and importance of internal control for agricultural organizations, its purpose and objectives are given. It is noted that the internal control system is a set of methods and techniques that ensure compliance with regulatory legal acts, the safety of assets, the timely reflection of business transactions in the accounting, prevention of abuse by staff, and the formation of reliable financial statements. The higher the level of organization of internal control, the lower the risk of material distortion of the data in the financial statements of agricultural organizations. At this stage of development, internal control is not only a verification of the accuracy of accounting, but also is a control function of management. In the process of its implementation, the risks of the organization and their consequences are assessed. The article focuses on the risks that distort the financial statements of the organization, and also provides ways to minimize them.
© The Authors, published by EDP Sciences, 2020
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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