Internal control of transactions operation in the sustainable management system of organizations
In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve...
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2021-01-01
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doaj-aa953f0709bb4db9b75bd89fa947a4512021-05-28T14:35:22ZengEDP SciencesE3S Web of Conferences2267-12422021-01-012581200910.1051/e3sconf/202125812009e3sconf_uesf2021_12009Internal control of transactions operation in the sustainable management system of organizationsZakirova Alsou0Klychova Guzaliya1Dyatlova Angelina2Ostaev Gamlet3Konina Elena4Kazan State Agrarian UniversityKazan State Agrarian UniversityMoscow University Ministry of Internal Affairs of Russian named after V. J. KikotIzhevsk State Agricultural AcademyIzhevsk State Agricultural AcademyIn modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations.https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/34/e3sconf_uesf2021_12009.pdf |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Zakirova Alsou Klychova Guzaliya Dyatlova Angelina Ostaev Gamlet Konina Elena |
spellingShingle |
Zakirova Alsou Klychova Guzaliya Dyatlova Angelina Ostaev Gamlet Konina Elena Internal control of transactions operation in the sustainable management system of organizations E3S Web of Conferences |
author_facet |
Zakirova Alsou Klychova Guzaliya Dyatlova Angelina Ostaev Gamlet Konina Elena |
author_sort |
Zakirova Alsou |
title |
Internal control of transactions operation in the sustainable management system of organizations |
title_short |
Internal control of transactions operation in the sustainable management system of organizations |
title_full |
Internal control of transactions operation in the sustainable management system of organizations |
title_fullStr |
Internal control of transactions operation in the sustainable management system of organizations |
title_full_unstemmed |
Internal control of transactions operation in the sustainable management system of organizations |
title_sort |
internal control of transactions operation in the sustainable management system of organizations |
publisher |
EDP Sciences |
series |
E3S Web of Conferences |
issn |
2267-1242 |
publishDate |
2021-01-01 |
description |
In modern conditions one of the main problems of economic entities is the increase in accounts receivable and payable, which is influenced by objective and subjective factors. In this connection the role of internal control of settlement operations is increasing. The aim of the article is to improve methodological support of internal control of settlement operations for increasing the quality of audit, providing information about the state of settlements with contractors to the management of enterprise for making operational and strategic management decisions. The proposed methodological support is based on stage-by-stage audit of settlement operations including the following main stages: audit planning; implementation of control procedures; execution of audit results. the peculiarity of internal control of settlement operations is determined by a variety of normative and information support of the audit. For the purpose of improvement of control procedures in the course of the study working documents of internal control have been developed. The working document «Verification of the availability of the agreement with a separate counterparty» can be used by the controller to identify errors arising in the preparation of the contract, as well as to determine the completeness and timeliness of the parties to fulfill their obligations, With the proposed in the study working document «Confirmation of the status of settlements with counterparties» can identify cases of fraud and misstatement of data contained in the financial statements. In the course of the study it was proposed to perform a point-rating assessment of debtor reliability based on a system of key indicators in the internal control process. The suggested rating estimation of counterparties will make it possible to carry out their comparative analysis and grouping as well as to identify those counterparties that have a high probability of non-payment of existing debts. The practical significance of the study lies in the possibility of using the developed approaches to determine the information base, to set the purpose and definition of control tasks, to the rational choice of control procedures, to the use of working papers in the process of internal control of settlement operations. |
url |
https://www.e3s-conferences.org/articles/e3sconf/pdf/2021/34/e3sconf_uesf2021_12009.pdf |
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