Analysis of the impact of the internal control system on the efficiency of cash management at the enterprise

Анотація

Introduction. This article analyzes the impact of the internal control system on the efficiency of cash management at an enterprise. The concept of internal control and its essence are studied, the system of internal control and its impact on cash management at an enterprise are analyzed. The application of international experience of the impact of the internal control system on the efficiency of cash management at enterprise is analyzed. Purpose of the study. The purpose of the study is to investigate the international experience of the internal control system to compare the current state and prospects for the development of the cash management system at Ukrainian enterprises in order to increase efficiency and compliance with international standards. Methodology. The study used scientific methods and approaches, in particular, a comparison of various internal control concepts (COSO, ISO 31000, etc.) and their adaptation to Ukrainian conditions. The study of domestic and foreign scientific publications on internal control issues, especially in the field of cash management. Results. The study analyzed the system of internal control over cash and cash transactions at Ukrainian enterprises and identified their needs for further improvement. The practices of the United States, Germany and Poland were analyzed, on the basis of which it can be concluded that the adoption of international experience will allow Ukrainian enterprises to ensure reliable protection of their financial resources and increase investor confidence.

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