Proceedings of the Ecological-Socio-Economic Systems: Models of Competition and Cooperation (ESES 2019)

Determining the Effectiveness of Corporate Controlling Based on the Use of Effective Algorithms

Authors
Ivan Nepomnyashchikh, Alexey Artemyev
Corresponding Author
Ivan Nepomnyashchikh
Available Online 16 January 2020.
DOI
10.2991/assehr.k.200113.030How to use a DOI?
Keywords
controlling, assessment system, audit, control, risk management
Abstract

Currently, the trend of globalization of the world economy is intensifying, therefore corporate entities seek to expand their economic power and influence, which encourages them to constantly search for ways to increase the efficiency of their activities both in the domestic and foreign markets. These circumstances force corporate structures to accelerate the pace of development through the introduction of innovations, lower costs and risks. Solving the above problems allows the use of controlling. To carry out controlling in order to reduce risks, it is necessary to have relevant financial information not only external but also internal, in this connection, the role of corporate structures using the internal audit (control) mechanism is growing. The aim of the study is to develop a system of indicators for assessing the effectiveness of controlling in the corporate environment. The main results and conclusions obtained personally by the authors and possessing scientific novelty are as follows: 1. The development of a mechanism for assessing the effectiveness of controlling through the use of an internal audit (control) system and corporate risk management, the use of which allows us to create models that can increase the effectiveness and external attractiveness of the corporate structure. 2. A methodology for assessing the effectiveness of controlling is proposed, algorithms for its development in the corporate structure are modeled, based on strategic planning methods.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Ecological-Socio-Economic Systems: Models of Competition and Cooperation (ESES 2019)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
16 January 2020
ISBN
10.2991/assehr.k.200113.030
ISSN
2352-5398
DOI
10.2991/assehr.k.200113.030How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Ivan Nepomnyashchikh
AU  - Alexey Artemyev
PY  - 2020
DA  - 2020/01/16
TI  - Determining the Effectiveness of Corporate Controlling Based on the Use of Effective Algorithms
BT  - Proceedings of the Ecological-Socio-Economic Systems: Models of Competition and Cooperation (ESES 2019)
PB  - Atlantis Press
SP  - 145
EP  - 150
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200113.030
DO  - 10.2991/assehr.k.200113.030
ID  - Nepomnyashchikh2020
ER  -