scholarly journals Improving the tools of internal control in order to ensure the economic security of the organization

KANT ◽  
2020 ◽  
Vol 36 (3) ◽  
pp. 37-44
Author(s):  
Lyubov Zubareva ◽  
Nadezhda Puchkova
Keyword(s):  
Internal Control ◽  
System Development ◽  
Economic Security ◽  
Structural Elements ◽  
Credit Institution ◽  
Management Tools ◽  
Terrorist Financing ◽  
Internal Control System ◽  
Monitoring Mechanism ◽  
Financial Monitoring

The study is devoted to improving the tools of internal control to develop a set of measures and tools aimed at ensuring economic security. In accordance with the goal, the objectives of the study are to determine the structural elements of financial monitoring in the internal control system; development of proposals to expand the risk management tools of a credit institution in the field of combating money laundering and terrorist financing using the financial monitoring mechanism.

scholarly journals Use of financial monitoring in the investigation of crimes in the economic sphere

2020 ◽  
pp. 386-389
Author(s):  
Tetiana Chasova
Keyword(s):  
Money Laundering ◽  
Service Providers ◽  
Financial System ◽  
Economic Security ◽  
The State ◽  
Scientific Article ◽  
Criminal Proceedings ◽  
Terrorist Financing ◽  
Financial Monitoring ◽  
Economic Crimes

The scientific article analyzes the conduct of financial monitoring during the investigation of economic crimes. The position ofscientists on the definition of financial monitoring and its role in the formation of economic security of the state is studied. The mainstatements of the Law of Ukraine “On Prevention and Counteraction to Legalization (Laundering) of Proceeds from Crime, Financingof Terrorism and Proliferation of Weapons of Mass Destruction” on financial monitoring and standards of the Group for Developmentof Financial Measures to Combat Money Laundering and Terrorist Financing (FAT) and European Union Directive 2015/849 “On theprevention of the use of the financial system for the purpose of money laundering and terrorist financing”.Ensuring the economic security of the state is possible provided that the fight against legalization (laundering) of proceeds fromcrime. Economic crimes undermine the economic and financial system of the state, encroach on the legitimate interests of individuals.Financial monitoring is a form of financial control and its conduct as part of a criminal investigation and is a means of proof.The problem of legalization (laundering) of proceeds from crime in recent years has become particularly important because itthreatens the economic security of the country. That is why the state implements measures of enhanced control in this matter throughlegal regulation of financial monitoring. The purpose of criminal proceedings is to resolve controversial issues, including the appropriatefinancial monitoring of suspicious activities related to money laundering.The financial monitoring system covers all financial service providers and determines that there should be cooperation in resol -ving issues related to the legalization of proceeds from crime. The issue of the use of financial monitoring in criminal proceedings hasbeen studied by researchers and practitioners, but many issues remain unresolved.

PRACTICAL ASPECTS OF THE ASSESSMENT EFFICIENCY OF THE INTERNAL CONTROL SYSTEM CONTROL IN A CREDIT INSTITUTION

2021 ◽  
Vol 4 (5) ◽  
pp. 99-105
Author(s):  
S. A. AZIMOV ◽  
Keyword(s):  
Control System ◽  
Detailed Analysis ◽  
Internal Control ◽  
System Control ◽  
Credit Institution ◽  
Internal Control System ◽  
Credit Institutions

As part of this work, a detailed analysis of the evaluation of the effectiveness of the internal control system in credit institutions was carried out, judgments on the features and effectiveness of the implementation of the internal control system were presented, methods for evaluating the internal control system were considered. The principles of using the system, the positive and negative sides are analyzed. Recommendations on the adaptation of the methodology for assessing the internal control system in credit institutions are proposed

Financial monitoring in the internal control system in companies

Auditor ◽  
2015 ◽  
Vol 1 (10) ◽  
pp. 38-41 ◽  
Author(s):  
Дмитриева ◽  
I. Dmitrieva
Keyword(s):  
Control System ◽  
Internal Control ◽  
Internal Control System ◽  
Financial Monitoring ◽  
Privity Of Contract

The article covers the issues of organization of financial monitoring as an instrument of realisation of the internal control system in companies, as well as main directions of internal control of production and sales processes, privity of contract observance with counteragents.

scholarly journals Audit of economic security as an effective tool to prevent corruption in a construction company

2018 ◽  
Vol 193 ◽  
pp. 05067 ◽  
Author(s):  
Larisa Domracheva ◽  
Elena Karanina ◽  
Alexander Bakhtimov ◽  
Maxim Kochetkov
Keyword(s):  
Construction Industry ◽  
Internal Control ◽  
Economic Security ◽  
Financial Control ◽  
Main Concept ◽  
Effective Work ◽  
Construction Company ◽  
External Threats ◽  
Construction Organizations ◽  
Internal Control System

An audit of economic security helps to prevent corruption, as well as an assessment of awareness in the struggle against corruption. Audit can promote the implementation of ways to protect the economy of the construction industry against corruption. The authors pay special attention to the problem of the construction industry in Russia. Practical questions of the audit of economic security, which are considered in the article, solve the problems of financial control in the system of anti-corruption policy. The purpose of this study is to develop an audit mechanism for economic security, as a system to prevent internal and external threats and risks. The main concept of the research is aimed at the formation of an audit of economic security in the construction industry. Effective work to prevent corruption in the relations of construction organizations is ensured by the formation of an internal control system to prevent the causes of corruption in the construction sector. It is necessary to take into account the fact that analysis of risk factors at the level of the operating segment in the construction industry can contribute to the development of this area.

KEY APPROACHES TO ASSESSING THE EFFECTIVENESS OF THE INTERNAL CONTROL SYSTEM IN A CREDIT INSTITUTION

2021 ◽  
Vol 4 (5) ◽  
pp. 122-127
Author(s):  
S. A. AZIMOV ◽  
Keyword(s):  
Control System ◽  
Detailed Analysis ◽  
Internal Control ◽  
Credit Institution ◽  
Internal Control System ◽  
Credit Institutions

As part of this work, a detailed analysis of the evaluation of the effectiveness of the internal control system in credit institutions was carried out, judgments on the features and effectiveness of the implementation of the internal control system were presented, methods for evaluating the internal control system were considered. The principles of using the system, the positive and negative sides are analyzed. Recommendations on the adaptation of the methodology for assessing the internal control system in credit institutions are proposed

scholarly journals MODERN APPROACHES TO THE CONSTRUCTION OF INTERNAL CONTROL SYSTEM AND ITS PLACE IN THE ORGANIZATION OF BUSINESS SECURITY

2018 ◽  
Author(s):  
Наталия Изварина ◽  
Nataliya Izvarina ◽  
Дзарук Секизов ◽  
Dzaruk Sekizov
Keyword(s):  
Control System ◽  
Internal Control ◽  
Economic Security ◽  
Internal Control System ◽  
Business Entities ◽  
Business Security

The article describes the features of the control system as a way to protect the economic security of business entities. The authors formulate the risks to be assessed in the construction of the internal control system that affect the level of economic security. Tools of control in ensuring economic security of business for ensuring operability of mechanisms of protection are offered.

scholarly journals Analisis Sistem Pengendalian Internal Pada Lembaga Amil Zakat Al Azhar

2019 ◽  
Vol 6 (1) ◽  
pp. 33
Author(s):  
Andrean Muhammad Anwar ◽  
Krisno Septyan
Keyword(s):  
Internal Control ◽  
Phenomenological Approach ◽  
Ethical Values ◽  
New Employees ◽  
Good Communication ◽  
Internal Control System ◽  
Monitoring Mechanism ◽  
Information And Communication ◽  
Internal Information

This study aims to analyze the implementation of the internal control system in the collection process until the distribution of zakat funds in this study was conducted at the Al Azhar Amil Zakat Institution, this research is a qualitative research using a phenomenological approach. Based on the results of this study revealed that the Amil Al Azhar Institution in 1) The control environment in the aspect of integrity and ethical values always emphasizes the standards determined by the center. 2) Risk withdrawal is carried out with each transaction known to the Branch Leader and inputted using the system then for internal changes such as the presence of new employees and the risk assessment. 3) Control activities are carried out by ensuring that the quality of transaction authorization is guaranteed by donors coming to the office for transactions to always fill in the proof of deposit. Good safeguards for assets and independent checks are carried out every few months. 4) Information and communication is carried out by always using the custumer service and internal information systems. There is good communication between divisions. 5) Monitoring mechanism is carried out by monitoring internal and external partiesKeywords: Internal Control, Zakat Collection, Zakat Distribution

scholarly journals The Contribution of Internal Audit to the Improvement of Internal Control System

2018 ◽  
Vol 14 (7) ◽  
pp. 200 ◽  
Author(s):  
El Azhary Najah ◽  
Taouab Omar
Keyword(s):  
Control System ◽  
Internal Control ◽  
Internal Audit ◽  
Level Control ◽  
Management Tools ◽  
Organizational System ◽  
Publicly Traded Companies ◽  
Efficient Management ◽  
Internal Control System ◽  
Upper Level

In order to be more flexible in a perpetual mutational environment and face up to damaging effects of an economic situation in strong growth, organizations have to acquire efficient management tools allowing them to accomplish their objectives and to protect themselves against inherent risks. The implementation of an internal control system is considered to be the guarantor of an invincible organizational system and a means of control of risky operations. However, an applied and well conceived internal control provides the organization just a reasonable and not an absolute insurance about its objectives realization and sustainability. It is the reason for which an upper level control, accomplished by the internal audit function, seems to be a palliative to the internal control deficiencies, and a means of supervising and evaluating the application of procedures and internal control rules. Thus, this research aims at demonstrating how internal audit can participate to the improvement of internal control system. In this context, we have introduced a qualitative study, which was based on a sample of 10 Moroccan publicly traded companies that operate in many industries. Through the interviews conducted with this sample, we had identified firstly, the different control levels within organizations, and their degree of effectiveness and their capacity to face up risks as well as the limits of each type of control. Secondly, this research explored that internal audit is considered as a response to the insufficiencies of different lower control levels, and a means of monitoring and piloting the effectiveness of internal control system, across notably the recommendations provided.

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