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Inspection, Limited Scope Audit and Document Audit as Main Types of Internal Control in Retail Trade Enterprises of Consumers' Cooperation

Journal: Oblik i finansi (Vol.1, No. 70)

Publication Date:

Authors : ;

Page : 125-129

Keywords : organization of control; types of internal control; inspection; audit; methods of control;

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The purpose of the article is to reveal the essence of the inspection, limited scope audit and document audit as the main types of internal control in the retail consumer cooperatives, and to define identification criteria of these types of control. Principles of organization of control in the retail consumer cooperatives are studied. The scientific approaches are analyzed to definition of the essence of the inspection and audit. It is determined that the identification criteria of these types of control are the following: scope of issues which are studied; methods used by the control subject; goal to be reached. But to author’s opinion, the key criterion for differentiation of these types is still the purpose of control. The audits are carried out to estimate legality of business of a business entity, and to check if it timely and correctly settles accounts with the budget funds. In case the purpose is added with the task to determine if both the company business in general and individual operation in particular makes sense and is efficient, then the inspection is made.

Last modified: 2015-12-22 22:44:12