conceptual Provisions of compliance as a Form of Internal control in Economic Entities

Кеворкова, Ж. А.; Сапожникова, Н Г

doi:10.26794/2408-9303-2020-7-2-6-16

Cited by 16 publications

(11 citation statements)

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“…It is possible to compare the Russian national legal regulation of compliance control and international banking law. The latter gives a broader meaning of this term (Kevorkova, 2020 , p. 6), considering it as a control of compliance with financial legislation in general of any credit institution. As for the understanding of Russian national legal regulation, the importance of compliance lies in the quality of understanding it as control over compliance with Russian legislation on the securities and derivatives market—the activities of a credit institution in this market.…”

Section: Theoretical Overviewmentioning

confidence: 99%

“…Among Russian authors, it is worth noting the works of Karpovich ( 2018 ), Konovalov and Kevorkova ( 2017 ), Balakin ( 2019 ), Bondarenko ( 2008 ) and others. Special attention deserves the work of Kevorkova ( 2020 ), which is devoted to the study of the conceptual provisions of compensation as a form of internal control in economic entities. It should be noted that to date, there is no consensus on the definition of compliance.…”

Section: Literature Reviewmentioning

confidence: 99%

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RETRACTED ARTICLE: Compliance as a Cost-Effective System of Interaction Between Business and Government

2021

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At the present stage, it is becoming more and more important for large companies to maintain their own impeccable reputation. Western companies have been introducing and developing compliance systems for quite a long time, and now Russian companies are also concerned about the development of such systems. Compliance strengthens the company’s reputation, which gives it another competitive advantage in the market. The purpose of the article is to study trends and prospects for the development of compliance in Russia, the problems of its implementation in Russian companies. The paper provides a theoretical analysis of the concept and essence of compliance in the activities of companies, the features and components of compliance systems. Compliance systems and the work of compliance services were studied on the example of 50 large companies that were surveyed in March 2020. It was determined that less than half of the companies have such services; the full independence of such services is not always fully ensured; the capabilities of these services to perform compliance functions are not fully used and the most popular area of compliance is anti-corruption compliance. Prospects for further research are related to the study of the development of compliance in Russia, including the introduction of advanced foreign experience in Russian companies. The applied value of the material lies in the systematisation of information on the trends in the development of compliance in Russia at the present stage.

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Section: Theoretical Overviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Compliance as a Cost-Effective System of Interaction Between Business and Government

2021

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“…Compliance risk assessment should be carried out taking into account: professional competence of employees of department performing compliance control functions; the scale and types of activities of the organization; customer base (in the context of suppliers, buyers and other counterparties); the presence of structural units, including those in other regions; establishment of legislative and regulatory acts in the field of accounting and taxation (Kevorkova & Sapozhnikova, 2020).…”

Section: Methodology For Identification Assessment and Analysis Of Compliance Risksmentioning

confidence: 99%

Accounting Compliance: An Institutional Approach to Ensure the Quality of Accounting Information of the Enterprise

Syrtseva

Cheban

2021

BJES

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The subject of the study is theoretical, methodological and practical aspects of the formation, development and functioning of the accounting compliance system as an appropriate institution for ensuring the quality of enterprise accounting information. Methodology. The methodological basis of the study is general scientific and special methods of cognition. In the course of the study, the following methods were used: abstract-logical method was used for the cognition of the essence, approaches, clarification of the concept of “compliance”, “accounting compliance”; bibliographic method was used for the study and development of scientific works devoted to the definition of the essence of the term “compliance”; graphic method was used for the design of the described processes using logical block diagrams; system-structural analysis was used to improve the mechanism for the formation and implementation of the accounting compliance system as an institution for ensuring the quality of accounting information. The objective of the study is to consider the essence of the concept of “compliance”, “accounting compliance”, to establish and define the role of accounting compliance in ensuring the quality of accounting information, to substantiate methodological approaches and practical recommendations for its formation and implementation at the enterprise. Results. The study has established that the definition of “compliance” should include an institutional approach, i.e. “compliance” should be understood as an institution of the internal control and corporate ideology system, which, using a system of regulations and a set of control mechanisms, forms the company’s ability to comply with established norms, standards, rules and procedures; a means of propaganda aimed at promoting the requirements for compliance with internal regulatory documents and generally accepted social values of the enterprise; a set of measures aimed at identifying risks accompanying the activities of the enterprise and eliminating their adverse consequences. “Accounting Compliance” is an institution of the internal control and corporate ideology system of the enterprise, which with the help of a system of measures and a set of control mechanisms provides the ability to track, monitor, evaluate and comply with the requirements of regulatory documents, regulations, instructions in the accounting system. It must be necessarily aimed at identifying, reducing and eliminating the risks of distortion, misrepresentation and falsification of accounting information. It has been substantiated that the accounting compliance system, as an appropriate institution, should be formed in stages, based on a set of specially developed internal methods, rules and procedures. It has been proved that most of the actions of the compliance system are aimed at identifying, analysing and assessing risks in the accounting system, and a significant number of documents defining its normative content are closely related to the implementation of the risk management function. Practical implications. In order to ensure the identification of compliance risks in the company’s accounting system and determine their impact on the formation and quality of accounting information, the grouping of risks by type is presented. To implement the functions of accounting compliance, it was proposed to develop and approve a number of internal standards and regulations, which will guide the employees of the Compliance Department in their work. In order to ensure the quality of accounting information to users necessary for making effective management decisions, the organizational and economic mechanism of the accounting compliance system has been developed. Conclusion of the study. Thus, accounting compliance, as an institution for ensuring the quality of accounting information at an enterprise, should be focused on finding, identifying, assessing, analysing and taking measures to minimize compliance risks in the accounting system arising from non-compliance with established rules, standards and procedures for organization and maintenance of accounting. Substantiated methodological foundations and recommendations for the formation and implementation of accounting compliance will not only ensure the quality of accounting information, but also guarantee business purity, a high level of corporate culture. The latter will contribute to improving the efficiency of economic activities and sustainable development of the enterprise.

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“…Вторая группа ученых в целях соблюдения всех современных экономических вызовов предлагает особое внимание обратить на комплаенс-контроль как одну из разновидностей формы осуществления внутреннего контроля [2]. Анализ международных научных трудов по этому направлению позволяет прийти к выводу, что под этим термином понимается соответствие бизнеспроцессов установленным требованиям (как внутренним, так и внешним) [3].…”

Section: Introductionunclassified

“…Анализ международных научных трудов по этому направлению позволяет прийти к выводу, что под этим термином понимается соответствие бизнеспроцессов установленным требованиям (как внутренним, так и внешним) [3]. Российские ученые предлагают рассматривать комплаенс-контроль в качестве инструмента организации системы внутреннего контроля [2], однако представляется, что роль внутреннего контроля в части учета налоговых обязательств значительно шире, чем анализ соблюдения всех норм, установленных законодательством РФ.…”

Section: Introductionunclassified

A methodology for organizing management control as a means of ensuring tax security of an enterprise

Malyarovskaya¹

2023

Vektor nauki Tol'yattin. gos. univ., Ser. Ekon. upr.

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In the modern conditions of the development of digitalization, an increase in the volume of the information used and the speed of decision-making, there comes an understanding that the effective control of various business processes can be ensured as promptly and efficiently as possible only through intra-production administration. Management control is designed to provide this function. At the same time, the implementation of control measures in relation to the accomplished facts of economic life is not enough to make effective management decisions. Therefore, it is necessary to carry out both the retrospective and prospective control. This problem determined the aim of this study, which is the development of such methodology for organizing management control, which will ensure the tax security of an economic entity through the application of preliminary and subsequent control procedures. This goal is achieved by clarifying the control environment elements available in the scientific literature and developing a list of relevant procedures for the management control of tax liabilities. The result of this study is the developed methodology for organizing management control, through which an acceptable level of tax security of enterprises is ensured. Within the framework of the study, the author paid special attention to the managerial control procedures, which allow realizing its prospective nature – tax analysis and tax passport completion. Within tax analysis, the author proposes separating the strategic and subsequent analysis. To assess the state of the tax system of an economic entity, a number of coefficients corresponding to the areas of tax analysis were developed and proposed for use in practice. Besides, the author proposed to form a tax passport of an enterprise and determined its structure. The organization of managerial control according to the proposed methodology contributes to the consistency of intra-production tax administration with the requirements of state tax control and ensures the stable tax security of an economic entity and the necessary information component for making management decisions related to tax liabilities.

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conceptual Provisions of compliance as a Form of Internal control in Economic Entities

Cited by 16 publications

References 1 publication

RETRACTED ARTICLE: Compliance as a Cost-Effective System of Interaction Between Business and Government

RETRACTED ARTICLE: Compliance as a Cost-Effective System of Interaction Between Business and Government

Accounting Compliance: An Institutional Approach to Ensure the Quality of Accounting Information of the Enterprise

A methodology for organizing management control as a means of ensuring tax security of an enterprise

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