The world is on the verge of technological revolution, which will fundamentally change the way of life, work and attitude towards each other [1]. We live in the era of the Third Industrial (or Digital) Revolution, but modern world leaders are already actively preparing for a new period - the Fourth Industrial Revolution or Industry 4.0. New forms of interaction open up opportunities in the organization of work and change requirements for employees. Business becomes digital, but the person stays. Employees will continue to remain crucial factors in innovation, continually developing products and services. The lack of talented and skilled personnel will be the main problem of the Fourth Industrial Revolution. Flexible production through FIR will require much more skills in all workflows for all employees. Skilled workers will be more in demand in the future for making decisions that can not be replaced by any algorithm. At the same time, employees must be trained and qualified for new jobs, so it is essential to review standards, for example, in education and training, and adapt them to new requirements. The implementation of interactive technologies in learning has become a necessity. One of the effective methods is business games: both independently and in combination with theoretical training. Precisely this combination (practice) is optimal for students to learn lecture material and acquire competencies. The article is devoted to the description of the technique of conducting risk management training. We described the technology of the training, dividing it into two parts. In the first part, the students are reminded of the risk management theory; in the second part, a business game is held - "Investment portfolio". In the article, we showed how it could be carried out with and without the use of gadgets/computers. As an example, we considered the most frequent mistake when conducting this game and gave a correct model. Besides, in the article, we gave formulas for automating the game of Excel

Risks always accompany any possible type of activity, it is a complex economic concept, without an effective management system which it is impossible to imagine the functioning of a modern enterprise. Close attention has always been paid to the creation and improvement of the risk management system, while the very nature of this economic category predetermines multiple and diverse approaches, both to the assessment methodology and to the management methodology. Systematization of numerous and diverse risks is the basis for creating an effective system for their further identification, analysis and description, in order to increase the effectiveness of risk management. The issues addressed in this article allow you to take a fresh look at the construction and use of the risk management system

The purpose of this article is to analyze the control of local budget expenditures in Ukraine under the influence of the crisis caused by COVID-19 and to find ways to improve the internal financial control of expenditures of budgetary organizations. The relevance of the study is due to the need to create a system of separation of powers and responsibilities in the public sector on the basis of ensuring economical, efficient, effective and legal use of budget resources to achieve the goals set by the organization. The study was conducted on the basis of data from Ukraine. Expenditures of budgetary institutions as an object of internal financial control are considered. The analysis of control of expenses of local budgets is carried out. It is established that Ukraine needs further reform of the state financial control of expenditures of budgetary institutions -in the direction of decentralized control. It is proved that the creation of a modern information and analytical resource optimizes the accounting and control system, which will lead to the introduction of more effective mechanisms for administration, de-shadowing of the economy and increasing control over budget expenditures. Thanks to digital technologies, the economic activity of budgetary institutions will become more transparent, risk assessment will be optimized and the capabilities and effectiveness of the system of internal financial control of expenditures will increase.

The article deals with investigating the link between the quality of tax administration, macroeconomic stability and economic growth. The paper identifies the benefits and risks of the shadow operations for macroeconomic stability of the country. Based on the analysis of indicators of the effectiveness of tax policy implementation, an approach to assessing the quality of tax administration of the country was proposed. Based on empirical calculations, a conclusion about the low quality of tax policy in the country was made. The study of the relationship between the quality of tax administration and macroeconomic stability is based on the modified least squares method. The EU countries and Ukraine are identified as the statistical base of the study and the assessment period is 2005-2019. The results of modelling on the example of Ukraine and EU countries proved the relationship between the quality of tax administration of the country and level of its macroeconomic stability and shadow economy. All indices are statistically significant at the level of 1% and 5% and 10% respectively. This research let the authors conclude that it is necessary to take into account the quality of tax administration in forecasting the level of shadow economy and economic growth.

Blockchain is a modern, influential technology that is already transforming organizations and their business models in all business processes, including accounting and auditing. The article identifies and analyzes the risks of blockchain application in accounting and audits of fuel and energy companies. Areas of application of blockchain in accounting and auditing of fuel and energy companies have been determined, which include - integration of cryptocurrency into the accounting system of an energy company, creation of smart contracts, certification of renewable energy sources, automation of accounting and document flow, operational management of energy company assets, accounting of accounts consumption of energy and fuel resources. The risks of using blockchain technology in accounting and auditing of fuel and energy companies are systematized, which are grouped according to the following directions: high requirements of blockchain for energy consumption, lack of sufficient knowledge and skills of accountants in working with blockchain, technical, accounting and auditing problems. An example of choosing an economic risk management strategy of an energy company using maximax, Bayes, Laplace, Wald, Savage, Hurwitz criteria has been developed. The results of the research can be useful for accountants, auditors and managers of fuel and energy companies during the implementation and use of blockchain technology in practical activities.