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ИД «Финансы и кредит»






National Interests: Priorities and Security

Accounting policy as a constituent of internal control and corporate economic security

Vol. 17, Iss. 4, APRIL 2021

Received: 25 February 2021

Received in revised form: 13 March 2021

Accepted: 30 March 2021

Available online: 15 April 2021


JEL Classification: G32, L21, M41

Pages: 664–681


Yuliya N. STETSYUNICH Pushkin Leningrad State University, St. Petersburg, Russian Federation


Andrei A. ZAITSEV Peter the Great St. Petersburg Polytechnic University (SPbPU), St. Petersburg, Russian Federation


Subject. The article discusses the consistency of accounting policies, internal control and constituents of corporate economic security.
Objectives. The study determines the process of articulating the term Accounting Policy at the legislative and normative levels nationwide and worldwide. We compare our own interpretations of corporate economic security. The article traces the impact of the accounting policy on areas of internal control and corporate economic securities.
Methods. The study is based on general methods of research, such as the dialectical method, methods of analysis and synthesis, induction and deduction, and semantic analysis.
Results. The article shows the impact of internal and external factors, which also influence corporate economic security and translate into the formation of corporate accounting policies.
Conclusions and Relevance. Economic security is an aspect that every entity pursues. Therefore, it is important to thoroughly study how clauses of accounting policies influence the aspect from perspectives of business entities. The impact of constituents of corporate accounting policies, as evaluated herein, allow to consider adverse factors and help prevent negative consequences that internal and external factors may cause to corporate economic security. The findings contribute to accounting techniques for financial management in order to ensure the economic security. They are of practical significance for business leaders and financial personnel.

Keywords: accounting policy, economic security, organization, tools


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ISSN 2311-875X (Online)
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Vol. 17, Iss. 4
April 2021