+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
International Accounting
 

Risks of the activities of a State-funded institution of higher education determining the methodology of internal financial control

Vol. 24, Iss. 12, DECEMBER 2021

Received: 18 November 2021

Received in revised form: 29 November 2021

Accepted: 3 December 2021

Available online: 14 December 2021

Subject Heading: CONTROL AND AUDIT

JEL Classification: Н83, M42

Pages: 1402–1424

https://doi.org/10.24891/ia.24.12.1402

Natal'ya E. SPIRIDONOVA Voronezh State University (VSU), Voronezh, Russian Federation
spiridonova@vsu.ru

https://orcid.org/0000-0003-4492-8524

Subject. This article discusses the use of a risk-based approach to control activities as a tool for improving the efficiency of internal financial control at a State-financed institution, as well as working with risks in the activities of the internal controller.
Objectives. The article aims to make a connection between the risks of the activities of a State-financed institution of higher education and the methodology of internal financial control.
Methods. For the study, I used the methods of analysis, grouping, comparison, and generalization.
Results. The article describes the features of the activities of State-financed institutions that affect the identification of risks and their sources. It reveals the connection between the risks of the institution's activities and the methodology of internal financial control. The article also presents an author-developed system of risks of a State-financed institution of higher education in the areas of activity.
Conclusions. The system of risks to be assessed by the internal auditor has a direct impact on the methodology for the implementation of internal financial control.

Keywords: risk, risk-oriented approach, internal control, internal financial control, budgetary institution

References:

  1. Endovitskii D.A., Golovin S.V., Spiridonova N.E. [Developing internal control at social budgetary institutions: Some particularities]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2020, vol. 23, iss. 5, pp. 543–566. (In Russ.) URL: Link
  2. Kudryavtseva N.S. [Revealing and assessment of risks in the system of internal control in the budgetary educational institutions]. Vestnik Povolzhskogo gosudarstvennogo tekhnologicheskogo universiteta. Ser.: Ekonomika i upravlenie = Vestnik of Volga State University of Technology. Series: Economy and Management, 2017, no. 2, pp. 79–92. (In Russ.) URL: Link
  3. Nemtsev V.N., Danilenko N.I. [Innovation risk management system in a budget educational institution]. Bukhgalterskii uchet v byudzhetnykh i nekommercheskikh organizatsiyakh = Accounting in Budgetary and Non-Profit Organizations, 2016, no. 24, pp. 38–47. URL: Link (In Russ.)
  4. Popova A.D. [The maintenance of elements of the system of internal control of the income and expenses in the budgetary educational institution]. Upravlenie ekonomicheskimi sistemami: elektronnyi nauchnyi zhurnal, 2014, no. 7, pp. 1–13. (In Russ.) URL: Link
  5. Lavrishcheva E.E. [Risk management at educational institutions]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 8, pp. 1473–1485. (In Russ.) URL: Link
  6. Astrakhantseva I.A., Kutuzova A.S., Khomyakova A.A., Akhmatov Kh.A. [Realization and the methodology of internal control in higher educational institutions]. Izvestiya vysshikh uchebnykh zavedenii. Seriya: Ekonomika, finansy i upravlenie proizvodstvom = News of Higher Educational Institutions. Series: Economics, Finance and Production Management, 2021, no. 3, pp. 49–58. URL: Link (In Russ.)
  7. Stepanova T.S. [Internal financial control in the risk management system]. Nauka i obrazovanie: khozyaistvo i ekonomika; predprinimatel'stvo; pravo i upravlenie = Science and Education: Economy and Financial Economy; Entrepreneurship; Law and Management, 2016, no. 2, pp. 81–84. (In Russ.)
  8. Trifonova V.K. [Risk-based approach in the implementation of internal financial control in social organizations]. Innovatsionnoe razvitie ekonomiki = Innovative Development of Economy, 2016, no. 4, pp. 290–295. (In Russ.)
  9. Kot E.M., Zyryanova T.V., Terekhova O.E. [Budget risk research: a process approach]. Agrarnyi vestnik Urala = Agrarian Bulletin of the Urals, 2020, no. 12, pp. 83–93. (In Russ.) URL: Link
  10. Vasyunina M.L. [On budget risk management]. Finansy i kredit = Finance and Credit, 2017, vol. 23, iss. 40. pp. 2408–2419. (In Russ.) URL: Link
  11. Naumova T.V. [About some risk functions]. Nauchnyi Vestnik MGTU GA = Civil Aviation High Technologies, 2013, no. 191, pp. 139–141. URL: Link (In Russ.)
  12. Tolchinskaya M.N. [Risk-based approach in the practice of internal control and audit]. Sovershenstvovanie ucheta, analiza i kontrolya kak mekhanizmov informatsionnogo obespecheniya ustoichivogo razvitiya ekonomiki, 2015, no. 1, pp. 149–155. (In Russ.)

View all articles of issue

 

ISSN 2311-9381 (Online)
ISSN 2073-5081 (Print)

Journal current issue

Vol. 25, Iss. 1
January 2022

Archive