Control - is one of the main functions of the entire process of control, and at its any level.It is carried out in different segments of the business of the company, depending on which emit corresponding to its views with their constituents: for example, the types of financial control and others.
auditing finance, being a form of exercising their supervisory function, it is necessary in a society which is based on commodity-money relations.Naturally, in a market economy, especially the role of controlling cash flows.
Financial control is very important to ensure proper functioning of the whole system and its security, and implementation carried out by the government policies.
Goals and, accordingly, the problem of financial control reveal its contents.Their main purpose - the timely receipt of all required information on the process of financial management at both levels (micro and macro), as well as the identified violations.Due to the data obtained, it is possible to take the decisions necessary for the management of these processes.And realized they just auditing tasks carried out in the capital.
At the heart of the organization and conduct of financial audits are certain principles of financial control.These include:
- legitimacy of - existing legal framework, which provides the checks;
- objectivity - the lack of bias and validity of the conclusions;
- independence - is guaranteed by the current legislation;
- publicity - accessibility of control results, subject to the rules and regulations that relate to state and commercial secrets;
- responsibility - a conscientious attitude and execution of control officers of their duties;
- delineation of functions and responsibilities - suggests a lack of overlap between the various regulatory bodies;
- system - means a single legal basis and the frequency control in the conduct of specific financial measures.
Types of financial control are determined by various parameters.
monitored and controlled by the organization connects two of their kind:
- appearance, which state and public control and audit of the organization or firm;
- internal, ie control of the parent bodies of the lower-level, in-service function, by which the proper functioning of the organization.
In the area of financial activity distinguish the following types of financial control:
- tax - the system monitors compliance with the law, the correct calculation of taxes, as well as other forms of compulsory payments, completeness and timeliness of their payment;
- budget - a thematic inspections and comprehensive audits, which are conducted to check the receipt of the budget and extra-budgetary state funds and their intended use;
- bank - has control over the degree of efficiency of the use of bank loans issued, its ultimate goal is to strengthen and support a comprehensive payment discipline;
- currency - is aimed at determining whether the current legislation of transactions and the availability required for this licenses and permits;
- insurance and others.
And finally, there are kinds of financial control at the time of implementation:
- pre - perform it before engaging in any transactions related to cash funds, it helps to prevent violations of financial discipline;
- operational or current - operate in the implementation of monetary transactions;
- follow - carried out after the implementation of monetary transactions in this case is determined by the degree of financial discipline, possible violations and appropriate measures to eliminate them.
