ABSTRACT. Hong Kong Institute of CPA contends that control is not synonymous with managing and does not constitute everything involved in the management of a company. PricewaterhouseCoopers affirms that the Internal Control System (ICS) is one of the key management instruments at an organization's disposal. Iwasaki writes that one of the most distinguishing features of the Russian corporate sector is the preponderance of "closed joint-stock companies" over "open joint-stock companies". Himeno says that it is a matter of urgency for every company to place the highest priority on ensuring that all of its employees are well aware of the importance of information security.