Evaluation of internal control system in mining industry enterprises in Lithuania

An enterprise operating in the mining industry sector is constantly influenced by external and internal enviromental factors, and changes of these factors may increase the risks to its performance. Trying to decrease the risks to a reasonable minimal level, there appears also a demand to establish some changes in the internal control system – to refuse some irrelevant and inefficient control procedures and funcions and to adjust the valid ones or to set the new ones. The demand to improve the internal control system might be fulfilled upon obtaining the required information about the efficiency and the internal control system and knowing the ways of strengthening the control and activities so as to avoid losses and reach the goals of the enterprise. Thus, the need of a special function – to assess the internal control system and its effectiveness – appears in the enterprise. So, the scientific 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 fraud in Lithuania. 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. So, the article analyzes the internal control system in the mining industrial enterprises, defines concept of its effectiveness and the meaning, and performs survey of the state of internal control system in the Lithuanian mining industrial enterprises.