The article considers the issues related to the identification and establishing of economically sound criteria to assess the effectiveness of control processes in the modern context, as well as defines the characteristics of the new assessment format to address its main target, which is providing information support of development and making managerial decisions. The authors determine that the main problem, when assessing the effectiveness of control processes lies in the fact that many of the developments offered by specialists are based on outdated principles, while others put forward proposals, which cannot be used in practice. The authors offer their own vision of the content and functioning specifics of the intracorporate control services, as well as offer a flowchart reflecting control actions of specialists of institutional and intracorporate control services of companies with public ownership. The regulation on the quality assessment system of intracorporate control of the corporate accounting and control system is proposed, as well as the managerial actions in relation to its organization are defined. A new concept of intracorporate control in companies with public ownership, developed by the authors, focused on risks, will prevent misuse of budget allocations. Implementation of the proposals will allow developing science-grounded intracorporate control regulations, which are aimed at solving specific problems of corporate management

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This paper aims to analyze the most relevant methods to determine the financial capacity of innovation projects and identify potential ways of their improvement. The research helped to propose an alternative methodology to assess the financial capacity of innovation projects by charting an alternative balance with a minimum scope of data (annual balance sheet data, project term). The authors drew a conclusion concerning the critical role of choices on the methods applied to analyze the financial capacity of innovation projects in the context of different scales and terms of project jobs in an analyzed project and the need for the proposed alternative (estimate or expertise-based) assessment of financial capacity as well as the relevant risks associated with the implementation of the new financial capacity assessment system and the overall risks of the innovation project. These specifically concern the choices of the methods of attribution of indirect costs in innovation projects, composition and scope of criteria to distinguish business processes to manage these processes and constituent operations, the form of a matrix of correspondence for a set of costs by the stages of an innovation project (event-based matrix accounting) and the information model of the objective-based methods of managing an innovation project as an object.