Subject. The article addresses the institutional environment in which the Russian financial control is organized and operates. Objectives. The aim is to unveil problematic areas of organization of financial control and develop proposals for their elimination, from the standpoint of institutional approach. Methods. The validity, reliability, and relevance of proposals rest on a set of approaches, in combination with general scientific and special methods of scientific cognition, like retrospective, systemic, functional-structural analysis, observation, classification, instrumental methods of grouping, sampling, comparison, and generalization, as well as evolutionary and dynamic analysis. Results. On the basis of traditional domestic centralized and modern dispersed models of financial control, the paper identifies the possibility of combining their advantages. This enables to ensure interconnection and coordination within the framework of improved model of State financial control. I propose to mutually recognize the results of financial control bodies, including intra-departmental control. Thus, the institutional State financial control will get a "vertical", the competence of which will include all institutions and organizations using budgetary funds. The purpose of the improved control system functioning will expand and go beyond the identification of compliance with the parameters of financial management in the controlled areas. Conclusions. The institutional approach will enable to solve management problems, strengthening the resource-saving control function.
Keywords: financial control, budget, control institution, systems approach, institutional environment
References:
Guzhin A.A., Ezhkova V.G. [Risk management and risk management practices]. Innovatsii i investitsii = Innovation and Investment, 2017, no. 2, pp. 185–189. URL: Link (In Russ.)
Zvonova E.A. [Transformation of the world economy and the pandemic]. Ekonomika. Nalogi. Pravo = Economics. Taxes & Law, 2020, vol. 13, no. 4, pp. 6–19. URL: Link (In Russ.)
Posner R.A. A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression. Harvard University Press, 2011, 368 p.
Sultanova M.K. [Interaction between the internal control system and the financial reporting system]. Ekonomika, sotsiologiya i pravo = Economics, Sociology and Law, 2015, no. 2, pp. 55–57. (In Russ.)
Bogatyrev S.I. [Building a new system of monitoring and control over the subjects of the financial system of Russia related to shadow banking]. Ekonomika i pravo = Economics and Law, 2015, no. 3, pp. 46–50. (In Russ.)
Belyaevskaya-Plotnik L.A., Sadei R.P. [Development of the internal financial control system in the system of crisis management of the company]. Vestnik IEAU, 2018, no. 22, 10 p. URL: Link (In Russ.)
Denisenko V.V. [Improving the legal support of the system of State financial control]. Sovremennoe pravo = Modern Law, 2006, no. 3, pp. 17–19. (In Russ.)
Melikhov V.Yu. [Economic institutions: Essence, content, concept]. Sotsial'no-ekonomicheskie yavleniya i protsessy = Socio-Economic Phenomena and Processes, 2011, no. 9, pp. 118–122. URL: Link (In Russ.)
Johnson S., Kaufmann D., Shleifer A. et al. The Unofficial Economy in Transition. Brookings Papers on Economic Activity, 1997, vol. 1997, no. 2, pp. 159–239.
Bykovskaya Yu.V. [Problems of financial control in modern Russia and solutions]. Vestnik ekonomicheskoi bezopasnosti = Bulletin of Economic Security, 2009, no. 1, pp. 202–209. URL: Link (In Russ.)
Panskov V.G. [On some issues of State financial control in the country]. Finansy = Finance, 2002, no. 5, pp. 56–60. (In Russ.)
Zyryanova T.V., Danilenko N.I., Danilenko D.N. [Federal treasury in the system of State financial control bodies of the Russian Federation]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2006, no. 13, pp. 16–23. URL: Link (In Russ.)
Pashkova T.A. [Methodological bases of external municipal financial control efficiency evaluation]. Nauka o cheloveke: gumanitarnye issledovaniya = Russian Journal of Social Sciences and Humanities, 2019, no. 2, pp. 194–203. URL: Link (In Russ.)
Alekseeva E.S. [Budgetary control system organization at the level of subject of the Russian Federation]. Sovremennoe pravo = Modern Law, 2006, no. 6, pp. 11–14. URL: Link (In Russ.)
Isaev E.A. [Approaches to the formation of a model of State financial control in the Russian Federation]. Byudzhet = Budget, 2018, no. 9, pp. 42–45. (In Russ.)
