BSU bulletin. Economy and Management
Bibliographic description:
, , EFFECTIVIZATION OF THE SYSTEM FOR INTERNAL CONTROL OF PAYMENTS TO COUNTERPARTIES IN ORGANIZATIONS // BSU bulletin. Economy and Management. - 2020. №4. . - С. 118-126.
Title:
EFFECTIVIZATION OF THE SYSTEM FOR INTERNAL CONTROL OF PAYMENTS TO COUNTERPARTIES IN ORGANIZATIONS
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Annotation:
The article discusses the topical issues of managing payments to counterparties
and estimated probability of counterparties failing to fulfill their obligations in the current
context of a moratorium on initiating bankruptcy cases. We have determined the key development problems of the system for internal control of payments to counterparties in organizations, and proposed ways for interaction with a counterparty that have fallen under a moratorium on bankruptcy, including the possibility of selling receivables. The article analyzes
various options for the implementation of internal audit in organizations: from nonperforming loan management to optimization of the internal control system by a specialized
company, including co-sourcing and outsourcing of internal audit. In order to improve the
performance of the internal control system, we have defined the main trends in development
of accounting payments to counterparties, and gave recommendations for checking counterparties in a crisis.
and estimated probability of counterparties failing to fulfill their obligations in the current
context of a moratorium on initiating bankruptcy cases. We have determined the key development problems of the system for internal control of payments to counterparties in organizations, and proposed ways for interaction with a counterparty that have fallen under a moratorium on bankruptcy, including the possibility of selling receivables. The article analyzes
various options for the implementation of internal audit in organizations: from nonperforming loan management to optimization of the internal control system by a specialized
company, including co-sourcing and outsourcing of internal audit. In order to improve the
performance of the internal control system, we have defined the main trends in development
of accounting payments to counterparties, and gave recommendations for checking counterparties in a crisis.
Keywords:
internal audit; internal control; accounts receivable; accounts payable; counterparty; system optimization.
List of references:
Article.pdf