History of Views on Audit of Commercial Structures Management Quality

Volkova, Maria A.; Solomatina, Elena; Shabutskaya, N. V.; Sabetova, T.V.; Shubina, E. A.

doi:10.1007/978-3-319-45462-7_10

Cited by 7 publications

(3 citation statements)

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“…A comprehensive change in the level of financial stability of organizations was selected as the criterion of the express assessment of investment risk for companies of the agrarian sector [2] [3]. We defined the indicators included in the matrix model based on the characteristics of financial sustainability, taking into account three factors (sufficiency of equity and borrowed capital, acceptable level of monetary funds, resource use efficiency [4]), based on the principle of the 'golden economic rule': "Pre-tax profit growth rate > Sales growth rate > Asset growth rate > 100%', as well as the concept of operational analysis "cost -sale -profit".…”

Section: The Suggested Proceduresmentioning

confidence: 99%

Developing and Testing Model for Investment Risk Assessment in Agriculture

Zaporozhtseva¹,

Sabetova²,

Tkacheva³

2018

International Scientific and Practical Conference "AgroSMART - Smart Solutions for Agriculture" (AgroSMART 2018)

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The urgency of the present study is due to the absence of any reliable method for investment risk assessment in agribusiness which impedes attracting and control of investment processes in this sector of economy. The article presents a new approach to modelling investment risk assessment applicable for agricultural companies. Determination of the financial stability level of a company is the core of the matrix model. This is a unique system of indicators that continuously reflect the operation quality and methods. It provides an assessment of the results of decisions made and actions of managers at various levels, the measure of control and management of assets, their sources, expenses and incomes of a company. The suggested procedure may also be of use for the Department of Agrarian Policy and Business in providing scientific and methodological support for ranking agricultural companies to identify the risk of investing in their activities.

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Section: The Suggested Proceduresmentioning

confidence: 99%

Developing and Testing Model for Investment Risk Assessment in Agriculture

Zaporozhtseva¹,

Sabetova²,

Tkacheva³

2018

International Scientific and Practical Conference "AgroSMART - Smart Solutions for Agriculture" (AgroSMART 2018)

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“…Today, there is an urgent need for significant increase in the efficiency of the use of budget funds, the quality and effectiveness of internal financial control and internal financial audit systems [2]. The systems of internal financial control and audit are present in government bodies, but executors incorrectly position the term "internal financial control" as control and supervisory activity within the authority over its subordinate bodies and institutions.…”

Section: Introductionmentioning

confidence: 99%

Improvement of Internal Audit System in the Institutions of the Public Sector in Russia

Kosteva¹,

Kopytina²,

Павлюченко³

et al. 2020

Proceedings of the International Conference on Policies and Economics Measures for Agricultural Development (AgroDevEco 2020)

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The subject of the study is the problem of organizing internal control in budgetary institutions. The article discusses the theoretical issues of the formation of the system for internal financial control carried out by budgetary organizations of our country. The relevance of assessing the effectiveness of internal financial control in budgetary institutions is determined. The main shortcomings and problematic issues on the organization of internal financial control in the public sector are shown. The need to organize internal control in budgetary institutions does not raise any doubts, not only within the framework of the legislative obligations, but also because of the recognition of the need for effective supervision of the spending of budgetary funds. Control is the main independent source of information for identifying the causes of abuses arising in the process of managing public finances and state property, as well as an effective means of influencing decision-making to prevent certain violations. In such circumstances, the importance of internal control in budgetary institutions is constantly growing. With this in mind, the article reports the study of the features, content, and tools of internal control, as an element of preventing violations in the accounting of a budgetary institution. In the process of analysis, the relationship between the effectiveness of accounting systems and the internal control, which is inversely proportional, is examined. Special attention is also paid to the methods of internal control, self-control, control by the subordination level, control by the jurisdiction level, and the procedure for conducting joint control. The transition to the digital economy, the structural changes resulting from this, and the totality of theoretical, methodological, and practical issues related to the development of organizational and procedural support for internal financial audit entities in the public sector organizations are relevant and most interesting for scientific study. Over the past decade, a radical change in the organization of internal financial audits has taken place, associated with the implementation of international norms and standards in the legislation of the Russian Federation. In accordance with the international concept of state internal financial control, a distinction is made between the functions of internal control and internal audit.

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“…─ crime rate in respect of economy, etc. One of the possibilities for assessing the economic security of the region is the adaptation of the system of indicators given in the national strategy to the regional level, and their subsequent monitoring [3]. However not all the indicators mentioned above are available for such adaptation.…”

Section: Introductionmentioning

confidence: 99%

The influence of innovative development on economic security of the region

Narolina

Sabetova²,

Shabutskaya³

et al. 2019

Vestn. Voronež. gos. univ. inž. tehnol.

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Fixed assets are an integral component of the productive capacity of any enterprise. The financial results of the enterprise largely depend on their intensity and efficiency of use. The analysis of fixed assets is usually carried out using an integrated and systematic approach, based on their availability, their movement, efficiency of use (including their active part). In the opinion of some authors, the traditional methods of analyzing fixed assets have a number of shortcomings, since they do not take into account the life cycle of an enterprise, the ecological aspects of the operation of fixed assets, the operation specifics of the individual divisions of a company and its branches. In order to improve the methodology for analyzing fixed assets, the authors proposed to use formalized and non-formalized criteria for analyzing the risks associated with the fixed asset use. A survey questionnaire was designed to determine the likelihood of the risk of economic losses associated with the use of fixed assets. The authors propose using the integral indicator for the purpose of analyzing the risk of using fixed assets in dynamics. In order to improve the procedure for auditing, the authors proposed segregation of economic transactions with fixed assets according to their cycles in accordance with the stage of their reproduction. Operational analysis is important for managing the efficiency of the fixed asset use, especially during a critical period. Using the analysis of the regularity in grain combines performance would reduce losses during harvesting, implement the work within strictly defined time frame and remunerate the employees for high-quality and intensive performance of their tasks.

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History of Views on Audit of Commercial Structures Management Quality

Cited by 7 publications

References 0 publications

Developing and Testing Model for Investment Risk Assessment in Agriculture

Developing and Testing Model for Investment Risk Assessment in Agriculture

Improvement of Internal Audit System in the Institutions of the Public Sector in Russia

The influence of innovative development on economic security of the region

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