INTERNAL CONTROL SYSTEM ON OPERATIONS WITH DERIVATIVES: CURRENT STATE AND AREAS OF IMPROVEMENT
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Abstract
The study of international practice in the internal control system of operations with derivatives has been conducted. As a result, it can be noted, that owners of the business entity and their representatives are interested in a high level of internal control system, which, however, cannot be absolutely effective in terms of operations with derivatives, since the presence of such operations the control system will be affected by internal and external factors. That’s why the number of specific factors must be taken into account for operations with derivatives. The proposed methods and procedures of the internal control system for operations with derivatives will allow company to generate reliable information in accounting, establish the legality, expediency and effectiveness of these operations.
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References
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