Formation of transfer pricing risk management competencies as an integral element of training specialists in economic security

The article analyzes and summarizes the international experience of regulatory authorities in dealing with transfer pricing risks as one of the basic elements of tax control over taxpayers’ compliance with transfer pricing rules. An efficient process for processing and assessing transfer pricing risks helps to ensure quality selection and increase the effectiveness of audits of controlled transactions, increase the efficiency of the use of limited resources, as well as greater tax certainty and reduce the number of unreasonable audits. As a result of the study: international experience was summarized and an indicative process of processing and assessing transfer pricing risks was determined; the main points of the general approach to the issue of transfer pricing risks, which are currently used in practice by the regulatory authorities of economically developed countries, have been identified; the principles of transfer pricing risk management were determined and the importance of carrying out transfer pricing risk assessment processes on an ongoing and systematic basis was indicated; the approaches to organizing the processing and risk assessment of transfer pricing proposed by the specialists of the OECD, JTPF and the UN are considered. Also, the author of the article proposed to supplement this process with a fifth post-assessment stage, which should include the following three steps (13-15): internal inspection and quality control of risk assessment processes based on the results of transfer pricing audits; improving the list of transfer pricing risk indicators and descriptions of their features and identification methods; training and professional development of specialists in the assessment of transfer pricing risks. In addition, attention was drawn to the need for proper documentation of the processing and risk assessment of transfer pricing. The article also concludes that the processes of processing and assessing transfer pricing risks should be integrated into the processes that are carried out within the framework of the functioning of the general risk management system of both the tax authority and any modern large enterprise (group of enterprises).

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Transfer Pricing Risk Management

Transfer Pricing in China ◽

10.1007/978-3-642-16080-6_4 ◽

2011 ◽

pp. 35-38

Author(s):

Chris Devonshire-Ellis ◽

Andy Scott ◽

Sam Woollard

Keyword(s):

Risk Management ◽

Transfer Pricing ◽

Pricing Risk

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The main components of comprehensive support economic security of wholesale enterprises

Problems of Innovation and Investment Development ◽

10.33813/2224-1213.24.2021.7 ◽

2021 ◽

pp. 76-85

Author(s):

Oleksandr Kuchmieiev

Keyword(s):

Risk Management ◽

Research Methods ◽

Scientific Literature ◽

External Environment ◽

Economic Security ◽

The Internet ◽

Internal Environment ◽

Wholesale Trade ◽

Conceptual Apparatus ◽

Main Components

The aim of the article is to analyze the state of risk management in wholesale enterprises, identify gaps and shortcomings, identify the main components of comprehensive economic security of wholesale enterprises. The methodology of the survey. The following research methods were used to solve the research tasks: analytical for studying and analyzing the scientific literature of the problem, regulations, official websites on the Internet, as well as analysis of functions, methods and technologies of integrated economic security of wholesale enterprises; generalizations for defining the conceptual apparatus of research, formulation of theoretical and practical approaches and conclusions; modeling in order to develop an algorithm for planning work on risk management in wholesale enterprises; observation of the functioning of wholesale trade enter- prises in modern realities, etc. The scientific novelty of the work is to develop an algorithm for planning work on risk management in wholesale enterprises. Conclusion. The article reveals the procedure for studying the destabilizing fac- tors and opportunities of the internal and external environment of the wholesale enterprise, in particular: first it is proposed to determine the factors of external and internal environment that affect the company and will affect it in the stra- tegic period; then gather information about these factors; further evaluate the

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FORMALIZATION OF THE MECHANISM OF IMPROVEMENT OF PERSONNEL OF RISK MANAGEMENT IN THE SYSTEM OF ECONOMIC SECURITY OF ENTERPRISE

Young Scientist ◽

10.32839/2304-5809/2019-1-65-117 ◽

2019 ◽

Vol 1 (65) ◽

pp. 511-515

Author(s):

Hanna Solomina ◽

◽

Oleksandr Mahnitskiy ◽

Оleh Gavrish ◽

◽

...

Keyword(s):

Risk Management ◽

Economic Security

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Mechanisms of Protection from Interest Rate Risk with Reference to the Life Insurance Market in Montenegro

Journal of Central Banking Theory and Practice ◽

10.2478/jcbtp-2018-0002 ◽

2018 ◽

Vol 7 (1) ◽

pp. 17-42

Author(s):

Milijana Novović Burić ◽

Vladimir Kašćelan ◽

Milivoje Radović ◽

Ana Lalević Filipović

Keyword(s):

Risk Management ◽

Interest Rate ◽

Life Insurance ◽

Financial Management ◽

Financial Stability ◽

Interest Rate Risk ◽

Economic Security ◽

Insurance Market ◽

Insurance Companies ◽

Rate Risk

Abstract Insurance companies are facing major challenges that point to the need for control process and risk management. Risk management in insurance has a direct impact on solvency, economic security, and overall financial stability of insurance companies. It is very important for insurance companies to adequately calculate risks to which they are exposed. Asset liability management (ALM), as an integrated approach to financial management, requires simultaneous decision-making about categories and values of assets and liabilities in order to establish the optimum volume and the ratio of assets and liabilities, with the understanding of complexity of the financial market in which financial institutions operate. ALM focuses on a significant number of risks, whereby the emphasis in this paper will be on interest rate risk which indicates potential losses that may reflect in a lower interest margin, a lower value of assets or both, in terms of changes in interest rates. In the above context, the aim of this paper is to show how to protect from interest rate changes and how these changes influence the insurance market in Montenegro, both from the theoretical and the practical point of view. The authors consider this to be an interesting and very important topic, especially because the life insurance market in Montenegro is underdeveloped and subject to fluctuations. Also, taking into account the fact that Montenegro is a country that has been making serious efforts to join the EU, it is expected that insurance companies in Montenegro will strengthen their financial position in the market even using the ALM traditional techniques, which is shown in this paper.

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Educating Project Managers to Deal With Project Risks

Global Business Expansion ◽

10.4018/978-1-5225-5481-3.ch074 ◽

2018 ◽

pp. 1606-1632

Author(s):

Radu-Ioan Mogos ◽

Constanta-Nicoleta Bodea ◽

Stelian Stancu ◽

Augustin Purnus ◽

Maria-Iuliana Dascalu

Keyword(s):

Risk Management ◽

Project Management ◽

Education And Training ◽

Project Managers ◽

Project Risk Management ◽

Curriculum Management ◽

Management Competencies ◽

Project Risk ◽

Project Risks ◽

And Training

During the last years, the development of the project risk management competencies became a ubiquitous objective for education and training in project management due to the increasing constraints which companies face on the implementation of their projects. Alignment to the professional standards and usage of innovative methods in designing and delivery of instruction represent common requirements that education and training providers should consider and fulfill. The authors examine the main challenges in addressing project risk management subject in the education programmes and identify how these challenges could be dealt by using curriculum management systems. In order to implement the identified improvements, the authors propose an innovative architecture for a curriculum management system, which can be adopted by those universities interested in developing competencies-based programmes in project management. Some preliminary results are presented and discussed.

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Executive Briefing: Hospital Risk Management: The Second Decade

Healthcare Management Forum ◽

10.1016/s0840-4704(10)60006-3 ◽

1988 ◽

Vol 1 (1) ◽

pp. 12-17

Author(s):

Wayne R. Keddy ◽

Michael W. Johnson ◽

Wayne McKerrow

Keyword(s):

Risk Management ◽

Financial Incentives ◽

Management Program ◽

Health Care Insurance ◽

Structural Elements ◽

Staff Support ◽

Risk Management Program ◽

Integral Element ◽

Operational Activities ◽

Self Protection

Risk management is defined as the systematic process of identifying, evaluating and addressing potential and actual risk. Although introduced to the hospital industry nearly a decade ago, its status in Canadian hospitals remains uncertain, a position that is in sharp contrast to the American situation. Chiefly as a result of the medical malpractice crisis and associated circumstances in the mid-1970s, risk management has emerged as an integral element in the operational activities of American hospitals. The process is a mechanism for self-protection in co-operative, self-insurance arrangements and to secure commercial premium adjustments. Many trends have been recognized in Canada that would suggest a predisposition toward the proliferation of risk management programs. These indicators include an increase in the number and size of claims against hospitals and physicians, a reduction in the availability of commercial health care insurance, and an increase in alternative insurance arrangements. Despite these indicators, movement toward risk management by Canadian hospitals has been minimal. A prime reason appears to be lack of financial incentives to stimulate the development of risk management programs. There is also an absence of specific accreditation standards pertaining to such programs. The case in support of risk management for Canadian hospitals continues to grow. The basic assumptions associated with a program are board, medical and staff support; a concerted effort to recognize and reduce potentially litigious situations and occurrences; and an ability to adapt. The initial steps to develop a risk management program include assessing current risk control activities and implementing structural elements. As well, a program must address its relationship to Quality Assurance activities in the hospital.

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STRATEGIC RISK MANAGEMENT IN THE SYSTEM OF PROVIDING BUSINESS ENTITIES FINANCIAL AND ECONOMIC SECURITY

European Journal of Economics and Management ◽

10.46340/eujem.2020.6.6.14 ◽

2020 ◽

Vol 6 (6) ◽

pp. 118-123

Author(s):

Oleksii Koval ◽

◽

Alina Shevchenko ◽

Keyword(s):

Risk Management ◽

Economic Security ◽

Strategic Risk ◽

Business Entities ◽

Strategic Risk Management

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Simulation and risk management of financial activities in the digital economy era

Nexo Revista Científica ◽

10.5377/nexo.v34i04.12684 ◽

2021 ◽

Vol 34 (04) ◽

pp. 1388-1395

Author(s):

Mikhail Samuilovich Gasparian ◽

Irina Anatolievna Kiseleva ◽

Valery Aleksandrovich Titov ◽

Leonid Anatolyevich Olenev

Keyword(s):

Risk Assessment ◽

Risk Management ◽

Financial Risk ◽

Economic Security ◽

Digital Economy ◽

Main Element ◽

The Internet ◽

Political Situation ◽

Reduce Risk

The present article attempts to study the role of financial risk management in the digital economy era. The main purpose of the article is to identify the main patterns that determine the features of risk assessment in business as the main element contributing to the achievement of economic security of the organization, as well as to carry out a comparative analysis of risk assessment and risk management methods in the context of digitalization. The contemporary economic analysis employs various risk management methods. Digitalization also creates new risks, most of which are related to cybercrime and fraud on the Internet. The most effective ways to reduce risk in the context of instability of the economic and political situation in Russia are the scenarios method and the method of analyzing hierarchies, as well as diversification, i.e. the distribution of risks among several business participants. The article discusses various types of economic risks, risk analysis, and assessment methods, as well as risk neutralizing strategies.

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Methodological bases and practice of risk management of regional development (part 2)

Herald of Omsk University. Series: Economics ◽

10.24147/1812-3988.2020.18(3).109-122 ◽

2020 ◽

Vol 18 (3) ◽

pp. 109-122

Author(s):

Anna G. Breusova ◽

Anna A. Korableva

Keyword(s):

Risk Management ◽

Regional Development ◽

Business Processes ◽

Quantitative Characteristic ◽

Economic Security ◽

Regional Government ◽

Management Tools ◽

Graphic Modeling ◽

Sectoral Development ◽

Regional Authorities

In the process of managing the development of territories, state (regional) authorities are faced with many risks in the social, economic, industrial, environmental, and other fields. In the transition from conceptual and methodological provisions in terms of risk management to practical actions, it is necessary to specify the scope and tools for monitoring risks and managerial impacts. Risk management is not an end in itself but is mediated by the strategic and tactical goals of regional development and ensuring its economic security, taking into account current trends in territorial and sectoral development. In the first part of the article, there was paid attention to the conceptual apparatus, the study of theoretical elements and the practice of applying risk management in the Russian regions, which, as it turned out, does not have unified approaches to risk management. In the second part of the article, there was put forward a hypothesis that the economic security of the region can be managed through risk management. Hence, the purpose of this article is to form the model for managing the region’s economic security based on risk management, where risk, as a probabilistic quantitative characteristic of the threat realization, is the key object of attention of the subject of management. The model is formed using the notation of graphic modeling of business processes IDEF0, which has established itself as a convenient and intuitive tool for displaying organizational and economic processes, their individual interrelated stages of implementation and the necessary tools. The model is filled with monitoring, analysis and risk management tools taking into account the tasks of economic security management. The relationship between the management of economic security of the region and risk management is formed at the levels of strategic and tactical planning with access to government programs as the main mechanisms for managing socio-economic development in the hands of the regional government.

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