Ensuring economic security of companies by reducing financial risks
https://doi.org/10.18384/2949-5024-2024-3-37-48
Abstract
The development and implementation of methods for effective interaction of specialists from various services in the management segment of internal control, as a way to ensure economic security by reducing financial risks, involves the identification, measurement, assessment, prevention or mitigation of the consequences of these risks.
Aim. To identify the impact of control methods on the ability to manage financial risks in the context of coordination of actions of specialists from various services that ensure the economic security of companies.
Methodology. The study discusses theoretical and practical approaches to this topic, arising from the scope of the thematic problem itself. The choice of methods was focused on achieving the goal set in the study. Methods of observation, aggregation and identification of links between sources of scientific and practical data by methods of analysis and synthesis of published studies available to us have been widely used.
Results. The study revealed the logical structure of financial risk management based on the interaction of accounting specialists with specialists ensuring economic security, considering the coordination of actions in the implementation of internal control functions by specialists from various services, including accounting.
Research implications. The research presents the sequence of determining the stages that, in the process of developing the process of internal control of financial risks, allow them to determine the objects and subjects of control in the business process focused on ensuring economic security, as well as to identify the points of their interaction, which can be considered as a direction for future research.
About the Authors
I. V. VoyutskayaRussian Federation
Inna V. Voyutskaya – Cand. Sci (Economics), Assoc. Prof., Department of Economics and Socio-Humanitarian Disciplines
ul. Leninskaya/Pushkinskaya 50/51–53, Orenburg 460000
M. S. Koske
Russian Federation
Margarita S. Koske – Cand. Sci (Economics), Assoc. Prof., Department of Economics and Socio-Humanitarian Disciplines
ul. Leninskaya/Pushkinskaya 50/51–53, Orenburg 460000
Yu. G. Mishuchkova
Russian Federation
Yulia G. Mishuchkova – Cand. Sci (Economics), Assoc. Prof., Department of Accounting, Analysis and Audit
prosp. Pobedy 13, Orenburg 460018
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