EFFECTS OF FUNCTIONAL INTEGRATION OF AUDIT COMMISSIONS AND BODIES OF INTERNAL AUDIT IN THE SYSTEM OF MANAGEMENT OF CORPORATIONS WITH THE STATE PARTICIPATION

Abstract

Formation and development of the control and auditing direction of corporate management by the organization is considered within the present article. In the conclusion there are offered recommendations about increase of its efficiency. Control of financial and economic activity of the large organization is one of the main links of structure of management, allowing to limit degree of negative impact from the decisions made by the management. Development of symbiosis of the internal audit subordinated to the executive management of the organization and the audit commission functioning for the benefit of shareholders is capable to exert considerable impact on increase in efficiency of the decisions made at all levels of management of the organization.