Analysis and assessment of the organisation’s internal control risks
Risk management is an important part of an organisation’s internal controls and needs to be adjusted in response to changes in the external environment. In this article the problem of risk prevention and loss reduction in the organisation’s internal control system has been solved in the current envi...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Publishing House of the State University of Management
2022-05-01
|
| Series: | Вестник университета |
| Subjects: | |
| Online Access: | https://vestnik.guu.ru/jour/article/view/3439 |
| _version_ | 1826816118288809984 |
|---|---|
| author | E. A. Kirovа T. V. Perminova |
| author_facet | E. A. Kirovа T. V. Perminova |
| author_sort | E. A. Kirovа |
| collection | DOAJ |
| description | Risk management is an important part of an organisation’s internal controls and needs to be adjusted in response to changes in the external environment. In this article the problem of risk prevention and loss reduction in the organisation’s internal control system has been solved in the current environment. The existing risks were analysed and described, classification of external and internal risks was developed and methodology of risk tolerance and possibility of diversification was proposed. It was proved that the proposed risk matrix gives a clear picture of risky operations and helps organisations to implement response measures, optimising the risks. The proposed methodology is tested in a specific organisation. The study uses the methods of systematic approach, analysis and synthesis, abstraction and generalisation. |
| first_indexed | 2024-03-08T04:18:45Z |
| format | Article |
| id | doaj.art-b1717e7146eb4dccbd7cc2305525a02b |
| institution | Directory Open Access Journal |
| issn | 1816-4277 2686-8415 |
| language | English |
| last_indexed | 2025-02-16T05:05:00Z |
| publishDate | 2022-05-01 |
| publisher | Publishing House of the State University of Management |
| record_format | Article |
| series | Вестник университета |
| spelling | doaj.art-b1717e7146eb4dccbd7cc2305525a02b2025-02-04T08:28:11ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152022-05-010311612310.26425/1816-4277-2022-3-116-1232304Analysis and assessment of the organisation’s internal control risksE. A. Kirovа0T. V. Perminova1State University of ManagementState University of ManagementRisk management is an important part of an organisation’s internal controls and needs to be adjusted in response to changes in the external environment. In this article the problem of risk prevention and loss reduction in the organisation’s internal control system has been solved in the current environment. The existing risks were analysed and described, classification of external and internal risks was developed and methodology of risk tolerance and possibility of diversification was proposed. It was proved that the proposed risk matrix gives a clear picture of risky operations and helps organisations to implement response measures, optimising the risks. The proposed methodology is tested in a specific organisation. The study uses the methods of systematic approach, analysis and synthesis, abstraction and generalisation.https://vestnik.guu.ru/jour/article/view/3439risksinternal controlmethodologyrisk assessmentrisk matrix |
| spellingShingle | E. A. Kirovа T. V. Perminova Analysis and assessment of the organisation’s internal control risks Вестник университета risks internal control methodology risk assessment risk matrix |
| title | Analysis and assessment of the organisation’s internal control risks |
| title_full | Analysis and assessment of the organisation’s internal control risks |
| title_fullStr | Analysis and assessment of the organisation’s internal control risks |
| title_full_unstemmed | Analysis and assessment of the organisation’s internal control risks |
| title_short | Analysis and assessment of the organisation’s internal control risks |
| title_sort | analysis and assessment of the organisation s internal control risks |
| topic | risks internal control methodology risk assessment risk matrix |
| url | https://vestnik.guu.ru/jour/article/view/3439 |
| work_keys_str_mv | AT eakirova analysisandassessmentoftheorganisationsinternalcontrolrisks AT tvperminova analysisandassessmentoftheorganisationsinternalcontrolrisks |