scholarly journals Evolution of auditor’s report in the focus of sustainable development of socio-economic systems

2021 ◽  
Vol 296 ◽  
pp. 06016
Author(s):  
Bibigul Amanzholova ◽  
Elena Khomenko ◽  
Alina Imansakipova ◽  
Aisulu Kulekeshova
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Financial Reporting ◽  
Standard Form ◽  
Financial Statements ◽  
Information Value ◽  
Economic Systems ◽  
Audit Report ◽  
The Sustainable Development ◽  
The Impact

The article presents two focuses on the study of the evolution of the audit report. The first is the study of the audit report as an indicator characterizing the sustainability of such a socio-economic system as audit. The second is the study of the audit report as a factor contributing to the growth of trust and increase the information value of reporting for the sustainable development of both separate economic entities and socio-economic systems. The authors established a framework for the functioning of audit as a socio-economic system, which allowed assess the sustainability of this system in dynamics. Based on the analysis of statistical information the authors formulated the proposals on some key matters of the Russian audit. The first is the necessity to clarify the subject and scope of audit activities, taking into account the current needs of audit services consumers and analysis of practice. The second is the possibility of expanding the format of the audit report on the financial statements for different groups of audited entities. The third is the expansion of the practice of performing the audit engagements on non-financial reporting. The authors recognized the evolution of standards, but at the same time, they raised the question of the need to study the effects of changes in the regulation of the audit report. The authors' approach to the audit report investigation launched the prospects for further research. They covers analysis of the contradictions between the audited entity requirements and stakeholders requirements for the audit report; and assessment of the impact of audit report under the standard form on the satisfaction of various groups of the financial statements users, taking into account the considerable differences and contradictions in their requirements.

scholarly journals Smart City as a Model for Sustainable Development of Territories

2021 ◽  
Vol 110 ◽  
pp. 05003
Author(s):  
Konstantin Semyachkov
Keyword(s):  
Sustainable Development ◽  
Urban Environment ◽  
Smart City ◽  
Large Scale ◽  
Smart Cities ◽  
Digital Technologies ◽  
Economic Systems ◽  
The Sustainable Development ◽  
City Model ◽  
The Impact

The article examines the impact of digital technologies on the sustainable development of ecological and economic systems. The main aspects that make the development of digital technologies especially relevant for environmental modernization and sustainable development are analyzed. It is shown that the large-scale use of digital technologies contributes to the development of new tools, models and methods of urban management. One of the promising areas for the development of the urban environment in these conditions is the concept of a smart city. Based on the analysis of research on the topic of smart cities, the effects of the use of the smart city model for the formation of the foundations of sustainable development of territories are noted.

scholarly journals The Impact of Ecological and Economic Systems on the Sustainable Development of the Economy

2021 ◽  
Vol 7 (11) ◽  
pp. 240-247
Keyword(s):  
Sustainable Development ◽  
Economic Systems ◽  
The Sustainable Development ◽  
The Impact

This study is aimed at studying the significance of the influence of ecological and economic systems on the sustainable development of the economy. The article deals with theoretical and applied issues of sustainable development of the economy and ecological and economic systems. The influence of ecological and economic systems on the sustainable development of the economy is revealed.

scholarly journals SEAMS: an alternative techno-economic system to foster the sustainable development of renewable energy use in urban areas

2021 ◽  
Vol 2042 (1) ◽  
pp. 012087
Author(s):  
D Bourguignon ◽  
P Crépeaux ◽  
F Adam
Keyword(s):  
Sustainable Development ◽  
Renewable Energy ◽  
Economic System ◽  
Urban Areas ◽  
Energy Use ◽  
District Heating ◽  
Building Blocks ◽  
Economic Systems ◽  
The Sustainable Development ◽  
Heating And Cooling

Abstract To foster the sustainable development of renewable energy use in urban areas, we define an alternative, reciprocity-based, techno-economic system named SEAMS (“sharing energy amongst adjacent buildings”). We demonstrate its relevance through a statistical analysis of linear heat density across coastal cities from Northwestern mainland France, and a comparison of four implementations of three techno-economic systems within the perimeter of two adjacent building blocks, located in the city center of Lorient (Brittany). The SEAMS approach promises to address the multidimensional fragility issues currently surfacing with the conventional, market-based or redistribution-based, techno-economic systems, namely electricity and gas networks (EGN) or district heating and cooling networks (DHCN).

scholarly journals Fiscal issues of entities’ non-financial reporting

2021 ◽  
Vol 20 (2) ◽  
pp. 1-9
Author(s):  
Svitlana Vorobei
Keyword(s):  
Financial Reporting ◽  
State Level ◽  
Sustainability Reporting ◽  
Information Value ◽  
Scientific Publications ◽  
The Sustainable Development ◽  
Additional Funding ◽  
Development Goals ◽  
The Impact ◽  
Reporting Data

The article identifies areas for strengthening the information value of non-financial reporting data, in particular in terms of its fiscal issues. The author substantiates the issues of disclosure of data on the impact of uncertainty on the entities’ activities based on the results of the analysis of scientific publications and generally accepted international documents. It is proved that high-quality non-financial reporting can serve as one of the tools for attracting additional funding for eliminating the consequences of the COVID-19 pandemic. The article highlights the results of the analysis of non-financial reporting of state-owned enterprises to identify data on the impact of the COVID-19 pandemic on their activities and compliance with the list of sustainability reporting indicators defined in the document “Guidance on core indicators for entity reporting on contribution towards implementation of the Sustainable Development Goals”, developed by UNCTAD ISAR. The paper substantiates that non-financial reporting data can serves as one of the information sources for decision-making at the state level in terms of avoiding fiscal risks (management report, report on payments to government). The core research methods used in the article: bibliometric analysis; synthesis; observation.

scholarly journals ФІНАНСІАЛІЗАЦІЯ В ЗАБЕЗПЕЧЕННІ СТАЛОГО РОЗВИТКУ КОМПАНІЙ

2020 ◽  
pp. 26-35
Author(s):  
Людмила Олексіївна Зайцева
Keyword(s):  
Sustainable Development ◽  
Financial Management ◽  
Financial Capital ◽  
Practical Significance ◽  
Management Approach ◽  
Economic Systems ◽  
Management Tools ◽  
The Sustainable Development ◽  
The Impact ◽  
Oriented Approach

Formulation of the problem: The article is devoted to the study of the problem of the impact of financialisation of the economy on the sustainable development of economic entities. The aim of the research: generalization and systematization of modern financial transformations of capital in economic systems and development of recommendations on formation of value-oriented approach to the management of transformational processes of capital through building financial relations in order to ensure sustainable development of companies. The subject of the research: set of financial relations resulting from the transformation processes of capital in economic systems and tendencies of financialization at different levels of the economy. The methods of the research: methods and principles of scientific knowledge, systematic approach, methods of generalization of induction, deduction and synthesis. The hypothesis of the research: study was the assumption that the process of financialization generates movement and transformation of financial capital, which determines the reproductive conditions of the company under the influence of market and non-market factors. All this puts forward new requirements for the financial management system and the use of flexible management tools that can identify and take into account the decomposition of cost factors in order to assess the conditions of sustainable development of the company. The statement of basic materials: It is stated that financialization characterizes the increase of influence of the share capital, promotes transformation of the main types of capital into financial; creates the conditions for reviewing the strategic goals of the company functioning, giving priority to the cost -oriented management approach; opens up opportunities to accelerate development with the support of international financial resources and increase the competitiveness of domestic issuers. On the basis of the functional redistribution of balanced income in the context of increasing trends in financialization, the possibility of integrating finance into key areas of socio -economic reproduction has been proved to ensure sustainable development. Transformation of the company's capital into the system of financial relations demonstration as a manifestation of financialization in the part of sustainable development of the company is demonstrated. The originality and practical significance of the research: is to substantiate the manifestations of financialisation in the activities of companies through the transformation of human, natural, industrial, intellectual, social and reputational capital into the financial capital of the company to ensure sustainable development. Conclusions. Increasing financialisation forms the basis for the transformation of a company's financial capital. The results of the study allowed us to identify priority areas for ensuring the sustainable development of domestic enterprises on the basis of a cost -oriented approach to management.

Particularities of the independent auditor's report on reliability of accounting (financial) statements for 2019: COVID-19 as qualitatively essential information (Part 2)

2020 ◽  
Vol 23 (7) ◽  
pp. 777-799
Author(s):  
O.I. Shvyreva ◽  
Z.I. Kruglyak ◽  
A.V. Petukh
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Economic Situation ◽  
Risk Disclosure ◽  
Essential Information ◽  
Logical Method ◽  
Annual Reporting ◽  
The Face ◽  
Key Aspects ◽  
The Impact

Subject. This article discusses the issues related to the practice of financial reporting in the face of uncertainties caused by the coronavirus contagion, as well as the specifics of the audit strategy and formation of an audit opinion on this reporting. Objectives. The article aims to identify the quality characteristics of financial reporting prepared in the context of the COVID-19 pandemic and justify the key aspects of assurance engagement completion in an extremely uncertain epidemiological and economic situation. Methods. For the study, we used an abstract-logical method, content analysis techniques, systematization, and classification. Results. Analyzing the impact of the extremely uncertain epidemiological and economic situation on financial statements, the article clarifies aspects of disclosure of events after the reporting date and threats to business continuity in the annual reporting of economic entities. The article identifies possible alternative procedures and algorithms to obtain proper evidence when it is insufficient in the face of the inability to meet certain audit standards requirements in a remote audit environment. The article defines the impact of COVID-19 risk disclosure on the structure of the audit report and opinion. Relevance. The results of the study can be used in the practical activities of economic entities that prepare financial statements in the face of significant uncertainty, as well as auditors and audit organizations.

Analyzing the Russian tool-making industry within the sustainable development concept

2020 ◽  
Vol 16 (4) ◽  
pp. 662-677 ◽  
Author(s):  
T.N. Ryzhikova ◽  
V.G. Borovskii
Keyword(s):  
Sustainable Development ◽  
Hierarchical Level ◽  
Economic Systems ◽  
Resource Use Efficiency ◽  
The Sustainable Development ◽  
Case Methods ◽  
Hierarchical Levels ◽  
Use Efficiency ◽  
Intensive Development

Subject. The article explores the economic component of sustainable development through the classification of industries from the perspective of assigning the output goods to fixed or current assets, using different types of resources and assessing their condition. It considers factors of production affecting the achievement of the result and determining the development of economic systems at the meso- and micro-hierarchical level. Objectives. The aim is to assess the function of economic systems of different hierarchical levels on the tool-making facilities case. Methods. We apply an approach using general and special methods of comparative and statistical analysis, synthesis and analogies. Results. The paper analyzes the development of the Russian tool-making industry on the basis of resource-oriented approach to assess the functioning of economic systems at various levels. We review interrelations between resource use efficiency, types of sustainable development of economic systems at various hierarchical levels and strategic security of the country. Conclusions. Any development can be considered sustainable, if there is an increment in the intensive development of economic systems at all three levels.

Assessing the sustainability of the Siberian Federal District regions

2020 ◽  
Vol 18 (5) ◽  
pp. 891-908
Author(s):  
T.A. Smirnova
Keyword(s):  
Sustainable Development ◽  
Environmental Factors ◽  
Regional Development ◽  
Federal District ◽  
Integrated Approach ◽  
Siberian Federal District ◽  
The Sustainable Development ◽  
The Impact ◽  
Empirical Analyses

Subject. This article deals with the issues of functioning of the region as a system. Objectives. The article aims to identify the problems of the region's functioning as a system, develop methodological tools to monitor the sustainable development of the Siberian Federal District territories, and determine the the impact of socio-economic and environmental factors on the sustainable development of the region as a whole. Methods. For the study, I used the methods of theoretical, statistical, and empirical analyses taking into account an integrated approach. Results. The article reveals the impact of some individual components of regional development on the sustainability of the territorial system as a whole. Relevance. The results of the study can be used to analyze the sustainability of regions' development.

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