Sustainable development and optimization of internal control of business processes of companies

Нагуманова, Р. В.; Naumova, N.A.; Sabirova, Aigyl Ilshatovna; Titova, Nadezhda

doi:10.2991/icemw-18.2018.71

Proceedings of the International Conference "Economy in the Modern World" (ICEMW 2018) 2018

DOI: 10.2991/icemw-18.2018.71

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Sustainable development and optimization of internal control of business processes of companies

Р. В. Нагуманова¹,

N.A. Naumova²,

Aigyl Ilshatovna Sabirova³

et al.

Abstract: The article deals with the approach of inner control of business processes "from purchase to payment" that allows one to monitor the dynamics and factual achievement of set targets. The article gives the description of the interaction of the internal audit object and business processes "from purchase to payment". It suggests the scheme of conducting an electronic poll procedure represented in the form of a context diagram constructed by means of such methodology of functional modeling as IDEF0. The recommended… Show more

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Assessment of Business Processes “From Purchase to Payment” in the System of an Internal Audit

Нагуманова

Sabirova

Titova

2019

HSSR

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Purpose: The article suggests an approach to the assessment of the efficiency of work with suppliers. It allows monitoring the dynamics and factual achievement of set targets. Within the framework of an internal audit of business processes “from purchase to payment” we suggest the system of assessment of suppliers which includes indicators that fairly reflect the work of suppliers of material resources. Methodology: This is analytical-logical research that has been done through content analysis and documentary and library research. Result: Record of any changes, knowledge of complete and reliable information, well-timed assessment of suppliers’ work and control will allow to decrease expenses connected with the stoppage of the production process and to increase the activity efficiency of joint-stock company “HR”. Expert surveys carried out among the top specialists and management of the company proved the validity and acceptability of the given approach to an internal audit of business processes “from purchase to payment”. This system is developed using the method of expert assessment by means of a survey. The article represents a specification of the order of calculation of the coefficients of the significance of indicators – criteria of the assessment of suppliers. Applications: This research can be used for universities, teachers, and students. Novelty/Originality: In this research, the model of business processes “from purchase to payment” in the system of an internal audit is presented in a comprehensive and complete manner.

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Assessment of Business Processes “From Purchase to Payment” in the System of an Internal Audit

Нагуманова

Sabirova

Titova

2019

HSSR

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The Internal Control System as a Management Function and the Element of Integrated Reporting Financial Statements

Plotnikova¹,

Rubanov²

2020

IJFR

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The present article is devoted to one of the most urgent problems of financial accounting organization and preparation of accounts – the issue of implementation of internal control in the companies. The authors consider the internal control as a function of management in interrelation with internal audit and risk management. The purpose of the research is to determine the level of information disclosure about the internal control system in the company's reporting. The research subject is the industrial and economic activity of chosen companies. Public integrated reporting is the object. The authors set out the following tasks in the research process: to estimate the degree of study of the problem; to analyze public reporting, including its structure, different report forms, the content of Explanatory Notes to the reporting and the working documents; to compare the reporting of various companies; and to identify the degree of information disclosure. The methodology of the research suggests an analysis of existing studies in the field of internal control, visual analysis of internal documents of the companies and their reporting and comparative assessment of reports of some companies. The authors study public accounts of the major companies, consider it from the view of completeness of disclosure of information about the internal control system, draw conclusions and give recommendations on improvement of control procedures. The authors justify that the two concepts of internal control and internal audit are not the same. However, the management of some companies does not separate them. The authors prove that internal auditing is only a part of the internal control system.

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Sustainable development and optimization of internal control of business processes of companies

Cited by 2 publications

References 3 publications

Assessment of Business Processes “From Purchase to Payment” in the System of an Internal Audit

Assessment of Business Processes “From Purchase to Payment” in the System of an Internal Audit

The Internal Control System as a Management Function and the Element of Integrated Reporting Financial Statements

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