Organizational and methodological foundations of internal financial control in commercial organizations

  • Mirzokhayot U. Boboev CIPA
  • Farida A. Ayubova Polytechnic Institute of Tajik Technical University named after Academician M.S. Osimi in Khujand
Keywords: organizational form, internal financial control, internal audit, outsourcing, co-sourcing, assessment, commercial organization

Abstract

The article examines the organizational forms and methods of internal financial control in commercial organizations. The purpose of the study is to develop an organizational and methodological approach to selecting an appropriate form of internal financial control and assessing the effectiveness of control procedures. The paper provides a comparative analysis of internal audit, structural and functional control, outsourcing, and co-sourcing, and identifies their respective advantages, disadvantages, and areas of application.

The main methods of conducting internal control are systematized, and the necessity of applying qualitative, quantitative, and combined methods in assessing the internal financial control system is substantiated. A sequence of assessment procedures is proposed, including an examination of the existing system, identification of risks, testing of control procedures, calculation of performance indicators, and development of recommendations.

The study concludes that there is no universal organizational form of internal financial control and that the choice of an appropriate form should take into account the scale of operations, management structure, available resources, and organizational risks. The practical significance of the study lies in the possibility of applying the proposed approach to the development of internal control programs and the improvement of internal control systems in commercial organizations.

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Author Biographies

Mirzokhayot U. Boboev, CIPA

Candidate of Economic Sciences, Associate Professor

Address: Republic of Tajikistan, Khujand, 735700, Ismoili Somoni Ave. 226

E-mail: bmirzohayot@mail.ru

ORCID ID: 0009-0009-5900-9935

Farida A. Ayubova, Polytechnic Institute of Tajik Technical University named after Academician M.S. Osimi in Khujand

Degree Candidate, Senior Lecturer, Department of Financial Management

Address: Republic of Tajikistan, Khujand, 735700, Ismoili Somoni Ave. 226

E-mail: farida.com@mail.ru

ORCID ID: 0009-0005-7125-5064

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Published
2025-08-12
How to Cite
Boboev, M. U., & Ayubova, F. A. (2025). Organizational and methodological foundations of internal financial control in commercial organizations. In the Center of Economy, 6(3). Retrieved from https://vcec.ru/index.php/vcec/article/view/186
Issue
Vol. 6 No. 3 (2025): In the Center of Economy
Section
Finance, monetary circulation and credit
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