Determination of Economically Sound Criteria to Assess the Effectiveness of Control Processes
Anna Bodyako1, Roman Petrovich Bulyga2, S.V. Ponomareva3, Tatyana Rogulenko4 

1Anna Bodyako, FGIBU VO “Financial University Under the Government of the Russian Federation”, Moscow, Russia.
2Roman Petrovich Bulyga, FGIBU VO “Financial University Under the Government of the Russian Federation”, Moscow, Russia.
3S.V. Ponomareva, Saint-Petersburg State University of Economics, Saint-Petersburg, Russia.
4Tatyana Rogulenko, State University of Management, Moscow, Russia

Manuscript received on 09 March 2019 | Revised Manuscript received on 18 March 2019 | Manuscript published on 30 July 2019 | PP: 4101-4109 | Volume-8 Issue-2, July 2019 | Retrieval Number: B3070078219/19©BEIESP | DOI: 10.35940/ijrte.B3070.078219
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Abstract: The article considers the issues related to the identification and establishing of economically sound criteria to assess the effectiveness of control processes in the modern context, as well as defines the characteristics of the new assessment format to address its main target, which is providing information support of development and making managerial decisions. The authors determine that the main problem, when assessing the effectiveness of control processes lies in the fact that many of the developments offered by specialists are based on outdated principles, while others put forward proposals, which cannot be used in practice. The authors offer their own vision of the content and functioning specifics of the intracorporate control services, as well as offer a flowchart reflecting control actions of specialists of institutional and intracorporate control services of companies with public ownership. The regulation on the quality assessment system of intracorporate control of the corporate accounting and control system is proposed, as well as the managerial actions in relation to its organization are defined. A new concept of intracorporate control in companies with public ownership, developed by the authors, focused on risks, will prevent misuse of budget allocations. Implementation of the proposals will allow developing science-grounded intracorporate control regulations, which are aimed at solving specific problems of corporate management.
Index Terms: Criteria, Assessment of the Effectiveness of Control Processes, Intracorporate Control of Managerial Decisions, Management Functions, Accounting Control System.

Scope of the Article: Social Sciences