SHEREMET Anatoly Danilovich, CHAYA Vladimir Tigranovich, DOBROVENSKY Vasilii Sergeevich, IVANOVA Iya Andreevna
INCREASED COMPETITION, COMPANIES OF THE SO-CALLED SECOND TIER GET INVOLVED IN IT, INCREASED CUSTOMER DATABASE THROUGH ENTERPRISES WHICH ARE SUBJECT TO STATUTORY AUDIT, RESULTING IN AN ACUTE NEED TO INCLUDE NOT ONLY QUANTITATIVE BUT ALSO QUALITATIVE INDICATORS INTO THE RATING PARAMETERS, ATTRACTING NOT ONLY LARGE BUT ALSO SMALL AND MEDIUM-SIZED AUDIT FIRMS, WHICH PAY CONSIDERABLE ATTENTION TO QUALITY CHARACTERISTICS IN THEIR WORK TO THE RATING.
Nenadyshin Viacheslav Alekseevich, Lozovaya Elena Aleksandrovna
The article discovers ERM COSO model as effective integration instrument to internal control and risk management for purpose of process and project approach in credit institution. The value of material is practical application of the COSO model in bank’s activity, including all model components’ interaction, project risk assessment, risk management, monitoring, information and communication structuring etc. The paper unveils the corporate culture opportunities to enterprise development.
Yudenkov Yuri Nikolaevich
This article defines the internal control regulatory risk to maintain the value of the company. Monitoring of regulatory risk enables early warning system the reduction in the market value of the company. Insufficient compliance with rules and regulations seriously undermines the financial stability of the organizations and increases the likelihood of bankruptcy.
Among researchers and practitioners in the audit of the dominating point of view that it is necessary to ensure the auditor’s independence or at least strive for it. The article argues that the independence of the auditor is highly desirable, but not mandatory, and that high audit quality can be achieved and in its absence - however, this requires a serious change in today’s audit scheme. It is argued that higher audit quality can be obtained if the current audit scheme and the introduction in the market of audit services economic mechanism of regulation of audit, the main tool of which are penalties for substandard audit; and at the same time is implemented and the auditor’s independence. It is concluded that this option is preferable.
Goibnazarov Higmatillo Akaramovich
The need to guarantee the reliability, fairness and legality of the financial statements for a wide range of users has led to the emergence and further development of the Republic of Tajikistan as an independent audit forms of control. This article discusses the nature, purpose, and the current state of the audit as well as its development in the Republic of Tajikistan.