This article describes the multifaceted issues of the increase in the Internetisation of economic processes, the economic, pandemic and climate crisis, and cybersecurity as key challenges and philosophical paradigms for the development of the 21st century civilization. The main aim of the research was to diagnose the main determinants and correlations between the above-mentioned crises and to identify key problems in the development of civilization. The applied research methods are, first of all, the analysis of the problem carried out on the basis of a literature review and original retrospective and prospective analyzes of the subject matter under study. The conducted research
Purpose:The aim of this article is to describe the important security determinants of postpandemic development of the green circular economy in the context of the latest report of the Intergovernmental Panel on Climate Change (IPCC) I IPCC Working Group, "Climate Change 2021: the Physical Science Basis" and declarations made during the UN Climate Change Conference (COP26) in Glasgow in early November 2021. Approach/Methodology/Design: The main research methodology was based on the analysis of the results of scientific research and a synthetic description of the key conclusions drawn from the review of the literature describing various aspects of the analyzed issues concerning the determinants of the climate change process, the issue of green economy development, the implementation of the principles of sustainable economic development, reduction of greenhouse gas emissions and how they impact security aspects etc. Research methods used in the study included critical literature review, comparative analysis, and analysis of available data. Findings: The analysis of scientific data shows that the process of climate change has entered a strong upward trend and perhaps humanity has little effect on reversing this process in this century. The transformation of the environment into the economy should include, first of all, the energy sector through the development of renewable energy sources, the development of electromobility, ecological agriculture, improvement of waste segregation techniques, recycling, etc. A key issue in this process is the pursuit of sustainability. The factual implementation of the aforementioned shall enable to address the security threats that are largely intensified by climate change and lack of efficient level of sustainable development. The aforementioned shall be helpful in providing the necessary level of security and address the threats.
The process of managing institutions of the public finance sector should be subject to improvement
and therefore should also be subject to ongoing control and periodic comprehensive audits.
In units of the public finance sector, given the need of improving the efficiency of public tasks implementation,
a significant role is played by management control, understood as overall measures
taken to ensure the implementation of objectives and tasks in a legitimate, effective, economical
and timely manner. A particularly important element of the management control system is the
internal audit, i.e. an independent advisory and verification activity, the objective of which is to
improve the operational efficiency of the organization and to bring added value to it. Technical
progress, changing legal regulations and organizational forms of business entities and institutions
of the government administration sector enforce constant adjustments of procedures for control
processes and auditing activities. Procedures for conducting internal audit processes should be
subject to permanent improvement, because in this way the quality of service of public sector institutions
towards the society and the effectiveness of the state functions are improved.
In the period of the current fourth technological revolution, information technologies, ICT and Industry 4.0 are developing particularly fast. During the SARS-CoV-2 (Covid-19) coronavirus pandemic, there has been an increase in the scale of digitization and internationalization of remote communication processes and various aspects of economic activity. Digitization of the economy is currently taking place simultaneously in many areas of economic processes and in the functioning of many economic entities and public, financial and other institutions. Many companies, enterprises and public institutions that previously operated mostly or solely traditionally offline during the pandemic have switched to remote, electronic operation via the Internet. The development of electronic banking is also increasing, including internet and mobile banking. The share of electronic, cashless payments via the Internet and payments with electronic bank cards is increasing. In addition, in recent years, the range of applications of Data Science, Big Data, and Data Analytics technologies in economics, finance and organization management, including enterprises, financial and public institutions, has been increasing. Therefore, the importance of implementing
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