Strategic Management of Intangible Assets: Internal Control Systems and Economic Security in Innovative Enterprises

Abstract

This paper investigates the nexus between internal control systems and the economic security of innovative enterprises, with a specific focus on the management of intangible assets. In the modern knowledge-driven economy, intangible assets represent the primary source of competitive advantage; however, their volatility and difficulty of measurement pose significant risks to corporate solvency and market stability. Utilising the COSO framework as a basis for institutional governance, this research analyses how rigorous internal controls serve as a mechanism to mitigate information asymmetry and safeguard intellectual capital. The findings suggest that the effective auditing and control of intangible assets are not merely administrative functions but are essential for maintaining the "Economic Security" of the firm against internal and external shocks. By protecting the innovation value-chain, these controls enhance the firm's investment attractiveness and long-term financial resilience. The study concludes that for enterprises in transitional economies, the structural reform of internal control mechanisms is a prerequisite for achieving sustainable economic growth and institutional stability. Practical recommendations are provided for integrating economic security metrics into standard accounting and control procedures.