Theoretical background of internal corporate control

Subject. This article examines the essence of corporate control as a function of owners' management of the economic entity created by them. Objectives. The article aims to substantiate the use of the category Corporate Control and determine its goals, objectives and place in the management of the organization. Methods. For the study, we used induction and deduction, analysis and synthesis, modeling, comparison, extrapolation, as well as integrated and functional-targeted approaches. Results. The article finds that control is a complex category considered from different positions, and the position to consider control as a management function is the most popular for economic relations. The goals of the organization's activities, determined by the owners, are of a strategic nature, respectively, corporate control is strategic in its essence. Conclusions and Relevance. It is necessary to distinguish between types of control, separating corporate control into a separate type, which will ensure a more logical formalization of its goals, objectives and functions. This will contribute to a more rational organization of control in commercial entities. The results of the study help determine the types of control, their goals and objectives, which can contribute to its more effective organization in practice. The information contained in the article is useful for continuing the discussion about the essence and functions of control, and it can be used for teaching accounting and management specialties.