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National Interests: Priorities and Security
 

To economic security threats and challenges arising from activities of foreign advisory, auditing and other professional firms

Vol. 16, Iss. 9, SEPTEMBER 2020

Received: 29 June 2020

Received in revised form: 15 July 2020

Accepted: 30 July 2020

Available online: 15 September 2020

Subject Heading: ECONOMIC SECURITY

JEL Classification: F52

Pages: 1711–1725

https://doi.org/10.24891/ni.16.9.1711

Zolotarev E.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
eugene.zolotarev@gmail.com

https://orcid.org/0000-0002-5604-2774

Subject. As the world economy gets more globalized, businesses and authorities need services from foreign auditing and consulting firms. Their operations may mainly depend on the political situation, what customers often overlook when concluding audit and consuming contracts.
Objectives. I identify and evaluate possible challenges and threats to the economic security at the micro- and macrolevel. They relate to negative aspects of operations of international auditing and consulting networks’ members.
Methods. The study is based on the dialectical method, systems approach, chart-based and graphic interpretation of empirical and factual information.
Results. The article describes the Russian market of audit and consulting. We also examine drawbacks of the Russian legislation in this and related areas, point out and analyze major governmental contracts with members of international networks. The article enlists potential economic security threats, including the leakage of sensitive information, overseas management of governmental processes, destructive activities, national spending and corruption. We prepare and substantiate our suggestions on the development of special-purpose federal laws on consulting and a special advisory institution in charge of external control (analytical center) as part of leading scientific and educational organizations in the country.
Conclusions and Relevance. Foreign auditing and consulting companies and their activities pose threats to the economic security of systemically-important institutions and the nation as a whole. Environment for the domestic audit and consulting practice to evolve. Therefore, there should be economic and legislative.

Keywords: audit, consulting, trade secret, economic security, external management, State sovereignty

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