Assessment of internal control system in Lithuania

The article analyzes the internal control system, the combination of its existentialism and effectiveness with regard to the fact that in present economic situation special attention is given to learning and prevention of frauds not only in Lithuania, but also in the entire world. During the last years when it was attempted to achieve long-term and effective management of the enterprises, the internal control became one of the main tools to implement these tasks, especially in the enterprises of such character, where frauds and mistakes are especially frequent. One of such sectors is extractive industry. The article analyzes the internal control system in the extractive industrial enterprises, defines concept of its effectiveness and the meaning, and performs survey of the state of internal control system in the Lithuanian extractive industrial enterprises.