Assessment of Risk of Bankruptcy of the Companies Participating in the International Strategic Alliance

Kazakova, Nataliya; Shemetkova, Olga; Chemarina, Alisa; Melnik, Margarita V.

doi:10.18769/ijasos.455638

Cited by 2 publications

(2 citation statements)

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“…The economic category of business continuity was the subject of the research by such scientists as E. [2,3,4]. The study of their works showed that there is a direct relationship between business continuity and financial insolvency, leading the business to bankruptcy.…”

Section: The Relevance and Scientific Development Of The Research Topicmentioning

confidence: 99%

Evaluation and Prediction of the Business Continuity Risks

Kazakova¹,

Bobkova²,

Sivkova³

2020

Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

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The practice of applying international audit standards and assurance tasks requires continuous improvement of methodological tools. In the digital economy, when modern software and technology platforms are being actively introduced in business, audit and consulting sphere, science-based methods for assessing and predicting the business continuity of audited companies with the possibility of their implementation in a computer environment are in demand. Assessing the potential bankruptcy probability is an integral part of the audit report and analytical report while performing related services. The purpose of this study is to develop the auditor's analytical tools for assessing and predicting the business continuity of audited companies, as well as performing audit assignments using the Due Diligence financial methodology. The proposed methodology for assessing and forecasting of the company's business continuity risks includes four stages: financial results assessment; solvency assessment; identification, calculation and financial risks of the company's business continuity assessment; forecasting changes in the level of risk of business continuity using the developed calculator for calculating risk factors indicators. Recommended areas of this technique application: audit and consulting activities, improve of the using tools practice for implementing international audit standards for self-regulatory organizations of auditors and audit companies; development of the Due Diligence methodology to justify the choice of companiesborrowers and companies-participators in tenders and exchanges, as well as in systems of internal audit, internal control, financial control of business processes. 1. Introduction

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Section: The Relevance and Scientific Development Of The Research Topicmentioning

confidence: 99%

Evaluation and Prediction of the Business Continuity Risks

Kazakova¹,

Bobkova²,

Sivkova³

2020

Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)

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“…The result of the study is a financial calculator for forecasting and assessing the financial risks, which is a mathematical tool for diagnosing the impact of changes in factors on financial risks of the company, tuned to the specifics of its activities. [1,2].…”

Section: Introductionmentioning

confidence: 99%

Financial Risks Assessment and Control of the Bankruptcy Probability of a Company

Kazakova¹,

Bobkova²,

Sivkova³

et al. 2019

Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism:

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The purpose of this study is to develop analytical tools to assess and predict the likelihood of bankruptcy, as well as the possibility of its use in financial and consulting technology Due Diligence. The proposed methodology for assessing and forecasting the risks of financial insolvency of a company includes four stages: assessment of financial results; solvency assessment; identification and calculation of financial risks and verification of comparability of results with similar estimates using well-known forecast models; development of a calculator for forecasting and evaluating financial indicators for positioning changes in the level of bankruptcy risk. Recommended areas of application of this technique: audit and consulting activities, improvement of the practice of using tools for implementing international audit standards for self-regulatory organizations of auditors and audit companies; development of the Due Diligence technology to justify the choice of companies -borrowers, companies participating in tenders and exchanges, as well as in systems of internal audit, internal control, financial control of business processes.

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Assessment of Risk of Bankruptcy of the Companies Participating in the International Strategic Alliance

Cited by 2 publications

References 0 publications

Evaluation and Prediction of the Business Continuity Risks

Evaluation and Prediction of the Business Continuity Risks

Financial Risks Assessment and Control of the Bankruptcy Probability of a Company

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