Issue №: 2 (72)
The journal deals with the issues of efficiency of functioning of the national economics and organizational forms of management of the national economy. Attention is paid to the problems of marketing, management and efficiency of production and economic activity of agrarian enterprises. The issues of public administration and administration, accounting and taxation, banking and insurance, forecasting and modeling of economic processes, foreign economic activity, commodity flows of economic entities and their infrastructure support.
TRANSFORMATION OF ENTERPRISES’ INTERNAL CONTROL IN THE CONTEXT OF DIGITALIZATION OF BUSINESS PROCESSES
ZDYRKO Nataliya – Doctor of Economic Sciences, Professor, Director of the Educational and Scientific Institute of Economics and Management, Vinnytsia National Agrarian University. (21008, Vinnytsia, 3, Soniachna Str., е-mail: Natashka26@i.ua).
MULYK Tetiana – Candidate of Economic Sciences, Associate Professor, Head of the Department of Analysis and Audit, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: mulyk_t_o@ukr.net).
ISHCHENKO Yana – Candidate of Economic Sciences, Associate Professor of the Department of Accounting and Taxation, Associate Professor of the Department of Finance, Banking and Insurance, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: jana_2006@ukr.net).
DRYMANOVA Liudmyla – Doctor of Philosophy in Accounting and Taxation, Senior Lecturer of the Department of Analysis and Audit, Senior Lecturer of the Department of Accounting and Taxation, Vinnytsia National Agrarian University (21008, Vinnytsia, 3, Soniachna Str., e-mail: ldrimanova623@ukr.net).
The article examines the transformation of internal control in the context of the digitalization of business processes. Internal control is defined as a key element of the enterprise management system which ensures the achievement of strategic and tactical goals through the timely detection of deviations, prevention of abuse and increased efficiency of the use of resource. The emphasis is on its main functions: ensuring the reliability of accounting information, compliance with regulations, reducing the risks of illegal transactions, and optimising of business processes. It is argued that the lack of adequate internal control poses a threat to financial stability and stakeholder trust. The main attention is paid to digitalization, which is a strategic direction for the development of control. Ukraine’s position in international digitalisation rankings is analysed, showing dynamic growth in the fields of electronic services, IT solution integration and the use of cloud technologies. The prospects for the application of modern digital tools have been explored: Enterprise Resource Planning (hereinafter – ERP) and Governance, Risk & Compliance (hereinafter – GRC) systems, blockchain technologies, artificial intelligence (hereinafter – AI), machine learning, the Internet of Things, and big data analysis, which change the structure and functional content of control, ensuring its preventive and predictive nature. A list of domestic and foreign software products for control purposes was analysed. It is determined that digitalisation contributes to the transition to continuous auditing, operational risk monitoring and increased data transparency. At the same time, several challenges and risks associated with the implementing of new technologies have been identified, including high financial costs, staff shortages, low digital literacy levels, cyber threats, and organizational resistance to changes. The stages of internal control transformation under digitalization are presented – from diagnostics and strategy formation to technology implementation and continuous monitoring. Practical recommendations are proposed to effectively transform the internal control system in the context of digitalisation, which include: developing a digitalisation strategy for control, forming a cross-functional team, automating routine operations, introducing systems that perform continuous real-time monitoring, applying cloud technologies, strengthening cybersecurity, training staff, and creating a culture of control. It has been proven that the effective transformation of internal control contributes to its financial stability, stakeholder trust, and sustainable development in the digital economy.
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About journal
051 Economics
071 Accounting and taxation
072 Finance, banking and insurance
073 Management
075 Marketing
076 Business, trade and exchange activities
241 Hotel, restaurant and catering
281 Public administration
The journal “Economy, finances, management: Topical issues of science and practice” is included in the "List of Scientific Professional Editions of Ukraine".
The scientific edition is assigned the Category "Б" in the field of economics in specialties 051, 071, 072, 073, 075, 076, 241, 281
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The purpose of the journal "Economics, finances, management: Topical issues of science and practical activity» is the coverage of leading scientific ideas in the economic, financial and management activities of the sectors of the national economy and the involvement of representatives of the domestic and foreign scientific professional community.
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- publication of research findings on innovation in the economy, financial and management spheres, innovation of production processes;
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- adherence to editorial ethics.
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It was founded in 1997 under the name "Bulletin of the Vinnytsia State Agricultural Institute". In 2010-2014 he was published under the title “Collection of scientific works of Vinnitsa National Agrarian University”.
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According to the decision of National Council of Television and Radio Broadcasting of Ukraine from 25.04.2024 No. 1337 the scientific journal «Economy, finances, management: topical issues of science and practical activity» has the ID of the Media R30-05171.
