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Monitoring the efficiency of organisation’s internal control and economic security system

https://doi.org/10.26425/1816-4277-2022-1-70-77

Abstract

The article reviews the content and economic role of monitoring financial and economic activities. The aim of the study is to determine the essence of one of the main elements that make up the internal control system, namely: monitoring, which ensures the economic entity economic security. The subject is an indicative monitoring system, with the help of which risks are identified in a certain segment of the enterprise activity, that is, at the micro level. The research methodology consisted in the information collection and generalisation in order to build a scientific hypothesis about the subject under study, as well as in the recommendations development to improve the internal control system efficiency in the direction of ensuring the economic entity economic security. As a result, the authors proposed a monitoring algorithm that ensures the internal control system and economic security effectiveness. 

About the Authors

O. A. Ageeva
State University of Management
Russian Federation

Dr. Sci. (Econ.), 

Moscow



Yu. D. Matytsyna
State University of Management
Russian Federation

Postgraduate student, 

Moscow



References

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2. Information of the Ministry of Finance of Russia No. PZ-11/2013 “Organisation and implementation by an economic entity of internal control of the committed facts of economic life, accounting and preparation of accounting (financial) statements”, Legal reference system “ConsultantPlus”. Available at: http://www.consultant.ru/document/cons_doc_LAW_156407/ (accessed 03.10.2021).

3. International Auditing Standard 315 (revised) “Identification and assessment of the risks of material misstatement through the study of the organisation and its environment” (entered into force in the Russian Federation by Order of the Ministry of Finance of Russia of January 9, 2019, No. 2n), Legal reference system “ConsultantPlus”. Available at: http://www.consultant.ru/document/cons_doc_LAW_317405/ (accessed 03.10.2021).

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Review

For citations:


Ageeva O.A., Matytsyna Yu.D. Monitoring the efficiency of organisation’s internal control and economic security system. Vestnik Universiteta. 2022;(1):70-77. (In Russ.) https://doi.org/10.26425/1816-4277-2022-1-70-77

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ISSN 1816-4277 (Print)
ISSN 2686-8415 (Online)