The functioning of transnational corporations requires correspondence with the economic structure and infrastructure within the operated country. Important segment is accounting and control, with deep understanding issues of continuous improvement, integration and compatibility. These directions require a harmonization, in terms of functionality and standardization. Within Monograph, are highlighted problems associated with the adaptation of the world practice of accounting and control in the mechanism of management of transnational corporations. The deductions of analysis, for Georgian legislation and practice assures improvement of accounting and control methods. Monograph is focused on the acquisition of specialized doctoral programs in the field of business administration. It will also be useful to practitioners of modern financial management, professionals involved in the field of accounting and auditing to ensure efficient economic activity.

The purpose of this research is to de ine approaches and control measures to the internal control and audit system in the economic entity, which is a key function of internal audit. The urgency of the research topic is driven by the need to improve the control system, which is one of the important factors for countries in transition economies. The methodological basis of the research was provided by the papers of Georgian and foreign scientists dedicated to the internal control of the corporation and speci ically to the internal audit. The methodological basis of the research has become the dialectical method of studying economic events and processes. In addition, general and speci ic scienti ic methods of knowledge of events and facts were used. This study developed a set of documentation for performing control procedures that will reduce the time required for calculations and increase object veri ication accuracy. This study provides insights for scholars and practioners and encourages them to systematically analyze the audit and its development directions.