Organizational and methodological aspects of internal control of securities

Abstract

Introduction. The system of internal control is a prerequisite for the effective development of any domestic enterprise, regardless of ownership. The founders, shareholders and holders of relevant securities issuers and lenders are interested in getting reliable information about the financial condition and solvency of organizations grounded conclusions on the current and future periods. Such information can be obtained by the users of financial statements in the process and according to the results of internal control. Itcan provide the increasing the level of control over securities transactions, the implementation of preventive measures for abuse prevention. The problem of internal control in general at any company aims to develop an integrated system approach and methodological solutions which are associated with this approach. It will allow to create practical conditions for the functioning of the enterprises which are engaged in securities transactions. In order to ensure effective management of the enterprise it should be a strict control of the management of financial, material, labor and financial resources, including the securities.

Goal. The purpose of the study is to formulate and review the key processes of internal control operations with securities in enterprises with the possibility of its further improvement.

The method (methodology). The methodological basis for the study is a set of scientific methods. Among them we can distinguish the method of system, dialectical and comparative analysis. It has ensured the comprehensiveness of the study. We have also applied for the study of the conceptual apparatus such scientific methods of learning as method of analysis, method of synthesis, method of comparison, method of grouping, method of economic and statistical analysis.

Results. The essence, objects and stages of internal control operations with securities in the workplace are considered in the research. The basic violations and the reasons for their implementation are detrmined. The program of internal control that will allow the company to increase its reputation, investment attractiveness and avoid unexpected costs is worked out. We have revealed the basic methods and techniques that effectively provide the opportunity to address all the objectives of the internal controls of securities transactions. It will also significantly reduce the risk of errors and increase confidence in the reported data.