The financial security of trading companies depends on the management of their assets, liquidity and solvency. The authors in this article recommend the formation of an internal control system using the COSO's international approach (The Committee of sponsoring organizations of the Treadway commission (COSO), which will help ensure efficiency a company's activities on the market. When companies are planning their business activity they may not be able to adequately assess the current level of financial security of potential foreign counteragent. This article describes the results of improved internal control of receivables using COSO's international approach. The organization may lack its own financial resources if the turnover period for receivables is high and dynamics increase. In this case, companies usually resort to short-term loans or delay payments to their creditors. Such a situation violates trust relations with suppliers, financial sanctions arise for delaying payments and other negative consequences affecting the company's business activities. Therefore, the solvency of the business entity and its business reputation depends on how quickly the funds invested in receivables turn into real money. 1. Introduction

No abstract

National economic security is interrelated with financial security of the business structures. When planning business activity, however, economic agents may not always be able to adequately assess the current level of financial security of potential foreign counterparts. This is due to an insufficient completeness and depth of external and internal data on the current situation in the microenvironment of potential counterpart enterprise, which are available to them, and also to an unpredictable degree of the impact its changes have on the performance of an enterprise’s internal mechanisms relevant to the occurrence of internal financial risks. This article describes the results of reviewing existing information systems and resources designed to assess the reliability of counterparts and states the reasons for the inadequacy of domestic information systems to assess the reliability of foreign counterparts. The authors made an attempt to develop the system of parameters to create an information product capable of providing all necessary information about a foreign counterpart to assess its reliability, which does not require substantial amount of time and money and uses electronic communication channels in a one-stop way.

No abstract