DESIGNING RISK-ORIENTED SYSTEM OF INTERNAL CONTROL AND AUDIT IN LARGE CORPORATION (illustrated by the public company Russian Railways)
https://doi.org/10.21686/2413-2829-2015-6-26-39
Abstract
The article discusses principles and practice of building a united risk-oriented system of internal control and audit in the public company Russian Railways, which can become a vital tool of company management and an important condition for ensuring efficiency of its economic functioning, finance stability, increasing investment appeal and dynamic development. The system is built on the basis of corporate standards with due regard to best world practice, Russian experience and requirements of global finance regulators. The practice of struggling against corruption and in-house fraud is being analyzed.
About the Author
Oleg B. Ivanov
Public Company Russian Railways
Moscow State University of Means of Communication
Russian Federation
Russian Federation
Doctor of Economics, Professor, Director of the Department for Internal Control and Audit of the Public Company Russian Railways; Head of the Department for Corporate Management of MIIT
2 Novaya Basmannaya Str., Moscow, 107174, Russian Federation
9, block 9 Obraztsov Str., Moscow, 127994, Russian Federation
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Review
For citations:
Ivanov O.B. DESIGNING RISK-ORIENTED SYSTEM OF INTERNAL CONTROL AND AUDIT IN LARGE CORPORATION (illustrated by the public company Russian Railways). Vestnik of the Plekhanov Russian University of Economics. 2015;(6):26-39. (In Russ.) https://doi.org/10.21686/2413-2829-2015-6-26-39
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