The Role of the Internal Control System in the Organization of Foreign Economic Activity of the Organization

The Role of the Internal Control System in the Organization of Foreign Economic Activity of the Organization

DOI: 10.34130/2070-4992-2021-1-4-496

Full article (in Russian )

Artamonova I. A. — PhD in Economics, Associate Professor of the Department «Accounting and Foreign Economic Activity», Federal State Budgetary Educational Institution of Higher Education «Kurgan State University», Kurgan, Russia, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Zotova N. N. — PhD in Economics, Associate Professor, Head of the Department «Accounting and Foreign Economic Activity», Federal State Budgetary Educational Institution of Higher Education «Kurgan State University», Kurgan, Russia, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Flakina V. M. — PhD in Economics, Associate Professor, Associate Professor of the Department «Accounting and Foreign Economic Activity», Federal State Budgetary Educational Institution of Higher Education «Kurgan State University», Kurgan, Russia, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In modern conditions, the activities of many companies turned out to be associated with foreign trade commercial transactions, implying the entry of domestic companies into the foreign market. A similar trend is associated with the fact that foreign economic activity of enterprises provides the state with resources, leading to a change in the cost and struc-tural ratios of export and import operations. At the same time, organizations participating in foreign economic activity constantly face certain problems, for example, long terms of customs clearance, violations of settlement procedures, etc. In these conditions, the role of controlling is increasing, which is a complex system aimed at improving financial, personnel, and technological processes in order to achieve effective functioning of the organization as a whole. The purpose of the article is an analytical study of topical issues of organizing internal controlling of foreign economic activity of an econom-ic entity. The significance of the topic of this research lies in the fact that today the use of the controlling mechanism is the implementation in practice of modern approaches to managing an organization. Its novelty lies in a systematic approach and focus on a long period of activity of an economic entity, as well as achieving the goals set for the business with the greatest return. Using a systematic approach, the authors substantiated the thesis of the need to use internal controlling systems for this type of activity in organizations participating in foreign economic activity, which made it possible to draw an objective conclusion about the main trends in the further development of this complex line of business. The content of the controlling system of the organization’s foreign economic activity at the present stage and the prospects for its devel-opment are shown. The results obtained can be used for inclusion in lecture and practical material in the preparation of specialists in the relevant economic specialties, as well as in the development of a strategy for the foreign economic activi-ty of economic entities.

Keywords: foreign economic activity, economic security, internal control, controlling, competition, digital economy, globalization, risk assessment.

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For citation: Artamonova I. A., Zotova N. N., Flakina V. M. The role of the internal control system in the organization of foreign economic activity of the organization. Corporate Governance and Innovative Economic Development of the North: Bulletin of the Research Center of Corporate Law, Management and Venture Invest-ment of Syktyvkar State University, 2021, vol. 1, issue 4. Р. 496—502. DOI: 10.34130/2070-4992-2021-1-4-496 (In Russian).