Implementation of internal control with reference to the application of “it” in companies operating on the principles of the green economy

Abstract

The process of introducing internal control in the operations of companies that operate with the introduced principles of environmental protection and principles based on the green economy is inextricably linked. The process of introducing internal control depends on the decision made and the will of the company's top management to implement the control system in its regular operations. The implementation of the internal control system is a long process. Its practical application should be carried out by motivated and professional staff who are maximally determined to use the achievements of the IT sector, as well as the application of international accounting standards, financial reporting standards and external and internal audit standards. In this paper, the authors pointed out that only the connection of several sectors in the company is subject to the work of internal control from the beginning to the end of the process of making business decisions and decisions related to management at all levels of management in these companies. Internal control should use new knowledge in its work and make the most of the advantages of the application of the dynamically developing IT sector, especially in the last decade in all economies.