Evaluation Model of Internal Control Activities in Industrial Enterprises

The paper will build on the contemporary understanding of the role of internal control in managing enterprises. Practically applicable generalizations will be offered to show the main components and their specific characteristics of a well-structured internal control system. But the very purpose of the study will be to present an integrated model for evaluation of internal control activities. The proposed model will result from country-specific development parameters, typical for the economic and management reality of Turkey. Based on a theoretical and methodological analysis, the conclusion will be made that existing models proved in other countries can be of help. This raises the research interest of how the good foreign experience can be transformed to other countries and implemented successfully at company level. Such a model could be a starting point for adapting and offering ideas for realization of new trends in the management of the internal control in industrial enterprises. The effects of implementing of an evaluation model can be sought in terms of cost, time and quality. Such parameters indicate quantitative and qualitative characteristics of business activities in enterprises.