Development of the financial control system of foreign economic activity of organizations

2021 ◽  
Author(s):  
Vilena Yakimova ◽  
Svetlana Pankova ◽  
Sergey Khmura
Keyword(s):  
Control System ◽  
University Students ◽  
Economic Activity ◽  
Subject Area ◽  
Economic Security ◽  
Practical Work ◽  
Financial Control ◽  
Compliance Control ◽  
External Auditors ◽  
Methodological Aspects

The monograph presents the results of research on theoretical and methodological aspects of the control of enterprises engaged in foreign economic activity. The features of export-import operations as a subject area of ​​control carried out by internal and external auditors are disclosed. The paper proposes the development of methodological support for compliance control based on the development of verification programs, working documentation forms, compliance procedures for assessing compliance with financial legislation. The monograph is intended for undergraduates, postgraduates and university students studying in the areas of "Economic security" and "Economics", and can also be useful for managers, chief accountants and economists, analysts and auditors of enterprises in their practical work.

Monitoring the Eff ectiveness and Balance of the Organization’s Compliance Control System (Part 1)

Auditor ◽  
2021 ◽  
pp. 8-15
Author(s):  
Vilena Yakimova
Keyword(s):  
Control System ◽  
Theoretical Model ◽  
Internal Control ◽  
Compliance Control ◽  
Internal Auditors ◽  
System Part ◽  
Methodological Aspects

The article is devoted to the study of methodological aspects of assessing compliance control as one of the forms of internal control aimed at preventing violations of legislation in the field of finance, taxes and entrepreneurship. In the course of analyzing the existing methods for assessing the ICS, a theoretical model was formed, including the concept, approaches to organizing, assessing the ICS, a group of qualitative and point-weight methods. The article proposes the author's methodology for testing the internal compliance control system, which has applied significance for monitoring carried out by audit organizations and internal auditors.

Monitoring the Eff ectiveness and Balance of the Organization’s Compliance Control System (Part 2)

Auditor ◽  
2021 ◽  
pp. 29-38
Author(s):  
Vilena Yakimova
Keyword(s):  
Control System ◽  
Theoretical Model ◽  
Internal Control ◽  
Compliance Control ◽  
Internal Auditors ◽  
System Part ◽  
Methodological Aspects

Th e article is devoted to the study of methodological aspects of assessing compliance control as one of the forms of internal control aimed at preventing violations of legislation in the fi eld of fi nance, taxes and entrepreneurship. In the course of analyzing the existing methods for assessing the ICS, a theoretical model was formed, including the concept, approaches to organizing, assessing the ICS, a group of qualitative and point-weight methods. Th e article proposes the author’s methodology for testing the internal compliance control system, which has applied signifi cance for monitoring carried out by audit organizations and internal auditors.

scholarly journals The Model of Organizing of the Compliance Control System at the Enterprise as the Instrument for Improving its Security

2021 ◽  
Vol 3 (518) ◽  
pp. 201-206
Author(s):  
S. M. Tiutchenko ◽  
Keyword(s):  
Risk Management ◽  
Control System ◽  
Maximum Level ◽  
Economic Security ◽  
Risk Tolerance ◽  
Residual Risk ◽  
Compliance Control ◽  
Risk Zone ◽  
Risk Appetite ◽  
Process System

The article substantiates the relevance of the introduction of a new risk management model at enterprises – a compliance control system, the peculiarity of which is that risk management becomes comprehensive and coordinated within the whole company. The article is aimed at developing and substantiating the model of organization of the compliance control system at the enterprise, which is based on the division of risk zones. Methodological scientific approaches to definition of concept and functions of compliance control according to the functional, process, system and effective approaches are analyzed. The model of organization of the compliance control system at the enterprise is proposed, which, unlike existing ones, is based on a clear division of the acceptable risk zone (the maximum level of residual risk that an enterprise can take on without a threat to its existence), which includes risk appetite and risk tolerance (an additional amount of residual risk that the company is ready to take if measures are taken to minimize risk), and an unacceptable risk zone that begins with exceeding the compliance price over compliance losses. In order to make decisions on mitigation of risks at the enterprise, it is proposed a methodology for the formation and implementation of a compliance control system. The developed strategies for each stage of compliance control implementation are effective and can be used at any enterprise in order to reduce risks and increase economic security.

Compliance control as a mechanism for ensuring the economic security of businesses in e-commerce

2021 ◽  
Vol 17 (8) ◽  
pp. 1491-1518
Author(s):  
Vilena A. YAKIMOVA ◽  
Viktor S. RADOMSKII
Keyword(s):  
Information System ◽  
Business Process ◽  
Business Processes ◽  
Economic Security ◽  
Methodological Issues ◽  
Compliance Control ◽  
Control Procedures ◽  
Risk Protection ◽  
Set Up ◽  
It Risk

Subject. The article focuses on organizational and methodological issues of internal compliance control in e-commerce businesses. Objectives. We refine the design and technique of internal compliance control for e-commerce businesses. Methods. The study relies upon methods of analysis and generalization, grouping, systematization, risk-based, systems and business process approaches. Results. We devised the five-component compliance control sysem, determined its principles and functions ensuring the economic security of e-commerce businesses. We suggest conducting compliance procedures intended to mitigate IT risks and accounting for the specifics of e-commerce business processes. Conclusions and Relevance. In e-commerce, compliance control serves for identifying and monitoring compliance risks, ensuring safe operations of businesses, which is vital for people. The information system for IT risk protection was found to underlie compliance control, while control procedures can be classified into general and applied. The findings can be used to set up a reliable and effective compliance system for e-commerce businesses in order to prevent economic abuses and crime.

THE ESSENCE, GOALS AND OBJECTIVES OF THE ANALYSIS OF THE FINANCIAL CONDITION OF AN ECONOMIC ENTITY AND ITS USE IN THE COMPLIANCE CONTROL SYSTEM

2021 ◽  
Vol 3 (11) ◽  
pp. 161-165
Author(s):  
Tatiana M. Rogulenko ◽  
◽  
Valeria V. Mironenko ◽  
Keyword(s):  
Control System ◽  
Internal Control ◽  
Financial Analysis ◽  
Corporate Management ◽  
External Influence ◽  
Compliance Control ◽  
Financial Condition ◽  
Economic Entity ◽  
Goals And Objectives

This article raises the problem of improving the analysis of the financial condition of an eco-nomic entity and its use in the compliance control system. The main tasks of using the analysis in the compliance control system in order to increase the efficiency of corporate management of the economic activity of an economic entity have been determined. It is emphasized that the analysis of the financial condition is one of the mandatory components of both internal control and compliance control, the differences in the use of the analysis results are analyzed. It is concluded that the role of financial analysis and its use in the compliance control system in order to improve the efficiency of corporate governance is constantly increasing in order to prevent compliance risks and regulatory risks due to external influence of supervisors.

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