MODERN METHODS FOR IMPROVING INTERNAL CONTROLMECHANISMS IN CORPORATE GOVERNANCE AND THEIR EFFICIENCY
Keywords:
corporate governance, internal control system, internal audit, risk management, financial monitoring, digital control mechanisms, corporate control, management efficiency, corruption risks, investment reliability.Abstract
Theoretical and practical aspects of implementing and developing
effective internal control mechanisms within the corporate governance system have been researched. The main objective of the study is to identify factors for improving financial stability and management quality by increasing the efficiency of the internal control system in companies. The research process utilized methods of systematic analysis, comparison, statistical observation, and the study of international experience. The
results showed that strengthening the internal audit system, introducing digital monitoring tools, improving risk management mechanisms, and effectively organizing the activities of the supervisory board significantly increase the efficiency of corporategovernance. It was also determined that the development of the internal control system serves to reduce corruption risks, strengthen financial discipline, and increase investor confidence. The research results are of significant scientific and practical importance in
modernizing the corporate governance system and implementing modern internal control mechanisms.
