Analysis of status and development of the internal control system in insurance companies

Malinina E.A.

In 2017 the Bank of Russia published the concept of introducing risk-based supervision of insurance companies, based on the Solvency II Directive and on international experience. Currently the regulator is conducting the first quantitative study aimed at studying the readiness of companies to implement the concept, as well as the impact of its application on the financial position of insurers. This concept provides the reformation of the company's management system, requires companies to expand the functions of accounting, internal control and risk management, actuarial unit, ИТ with the use of advanced scientific approaches and developments in particular of software for accounting, control, actuarial calculations and risk analysis. Concept also provides training and hiring additional employees for the Bank of Russia. This will increase the financial burden over a period of 2-3 years, but will increase the stability of the insurance industry and its financial attractiveness in the long term.

An automated computational algorithm for a modified and unmodified multinomial bounds estimating method for monetary unit sampling in audit

Ganshin A.V.

The practical method for calculating modified and unmodified multinomial bounds is considered in this article, which allows obtaining more accurate estimation of the upper error bound. This allows increasing the efficiency of the audit and reducing the cost of sampling procedures with retaining the proper quality of audit.

Complex issues of vat and the prospects of improvement of legislation

Abdulhaeva L.B.

The article gives an assessment of the role of value added tax (VAT) in the formation of the federal budget, analyzed the legislative base of VAT, and outlined and justified the prospects for the development of this tax in the Russian Federation.

Features of taxation in the application of special tax modes

Kashirina M.V., Klochikhin G.A.

In the article analyzes the changes in legislation regarding the use of special tax regimes, provides an assessment of the effectiveness of special tax regimes, analyzes the problems of their application and proposes the main ways to improve taxation for small and medium-sized businesses.

Pension reform and tax credits: the socio-economic efficiency and control over the provision of


The article deals with the problem of socio-economic efficiency of tax benefits granted to public entities, organizations and individuals, including exemptions for property taxes to the pensioners during the pension reform, 2018 has Analyzed the mechanism for the evaluation of the benefits and suggests methods for its improvement. As a new mechanism for systematization and control of the volume and quality of benefits provided, actual "tax expenses" by types of taxes are estimated and projected - in respect of public legal entities.

Questions of accounting and evaluation of primary funds based on russian and international accounting standards

Rabadanova Zh. B., Gabibov Sh. D.

The article explores the ways of convergence of Russian fixed assets accounting with international standards of financial reporting. The actual problems arising on the way of convergence of the Russian accounting of fixed assets with IFRS are considered. Effective mechanisms for introducing the principles of accounting and reporting, as outlined in IFRS, have been introduced into Russian accounting practice.

The difficulties of calculation of liquidity and turnover of assets of the organization and their interac-mouvance in the framework of the factor model

Slobodnyak I.A., Kuznetsova N.V.

The article is devoted to the methodology of analysis of turnover and liquidity of the assets of the organization. The first part of the issue contains a critical analysis of the literature in sphere of liquidity and turnover. The authors assert that a part of the methodological regulations contentious professional disputes are indeed complex discussion questions. At the same time, a lot of the controversy related to the calculation of the ratios described in professional literature, are not really so difficult. The second part of the issue proposed author's multiplicative model that linked profitability, solvency, and turnover capital structure. Using of this model in order to evaluate the influence of factors on any result indicator when implementing the control action to other indicators.

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