Management of internal control of staff salary settlements in agricultural entities: Some peculiarities

Abstract

Subject. This article considers internal control as an important element of the management system in the issue of the organization's personnel continuity. Objectives. The article aims to analyze the existing forms of organization of internal control in agricultural entities and determine the most effective one, taking into account the scale of activity of an economic entity and the specifics of the industry. Methods. For the study, I used comparative and case analyses, analytical research methods, and the computational and graphical method. Results. Based on the practices studied, the article generalizes and groups the tasks of internal control over personnel settlements, taking into account the specifics of the agricultural industry. The article proposes the author-developed control procedures to be used at each stage of checking personnel payroll settlements to improve the effectiveness of the results of internal control and minimize the risks of undetected distortions in accounting and financial reporting data. The main violations committed when accounting for the reflection of wage transactions by agricultural organizations are analyzed, and their negative consequences are determined. Conclusions and Relevance. Agricultural production is always associated with certain risks, due not only to the commercial activities of the organization (business risks), but also to the specific features of this industry. The results of the study can be used in the theory and practice of internal control, as well as for further scientific developments and practical application in agricultural organizations.