IMPROVING THE ASSESSMENT OF THE EFFECTIVENESS OF THE INTERNAL CONTROL SYSTEM IN THE AUDIT OF FINANCIAL STATEMENTS

Abstract

Much attention is paid to the effectiveness of the internal control system and risk assessment in improving auditing and improving the quality of audits. Risk management in audits has been considered by many economists, and each has focused on the problem of identifying and assessing risks in specific areas. According to some authors,The main types of risks inherent in the system of business processes can have a significant impact on the financial and economic activities of the organization, while others provide a description and description of the main types of business processes (financial, strategic, operational risks). audit risk, internal risk, control risk, uncertainty risk, selection risk, business risk.