Strategic Reporting Methodology and its Reliability Audit

Abstract

The paper reveals the significance of business entities' forecasting and strategic reporting. The reporting appears to be an essential source of information for highly efficient strategic management and profits receivable for internal users. Financial activity of Rostov and Krasnodar region's business entities of different incorporations and industries was taken as an object of current research. Authors developed specific classification of forecasting reporting forms and key performance indicators' framework depending on aims and objectives Authors proved strong need in development of strategic reporting methodology. Reporting drawn up according to the methodology allows generating informational support of analysis and control of business entities core strategies' implementing, including internal and external factors & risks' to increase the capital and firm value. The paper highlights strategy audit features as well, considered as related services according to the Federal Law on Auditing. Authors provide the term and stages of strategy audit. The research resulted in development of special strategic reporting software "Strategic, capital-value oriented reporting framework", special auditing software "Strategic business entities activity audit" coupled with detailed algorithm description.

Adaptive engineering management tools of enterprise economic security

“…Tax engineering is focused on engineering tools and mechanisms in the sphere of tax management (tax planning and forecasting, managing tax liabilities and risks), initial operators of tax bases by types of taxes, fiscal derivative balances. The previous studies made a monumental contribution to this field of science (Krokhicheva, 2003;Krokhicheva, 2004;Lekamwasam et al, 2012, Alekseeva et al, 2017. 5.…”

“…Organizational changes performed not as respond to the situation (peculiar to situational management) but as a result of organizational strategic prediction and forecasting (Alekseeva et al, 2017). Adaptation involves forecasting the future, drafting scenarios for the development of customer needs, competition, external conditions and everything that can affect the organization (Adizes, 1992).…”