General Scheme of Risk – Oriented Audit Stages

The article examines the problem of applying risk-oriented approach in audit. A risk-oriented approach on the one hand allows to increase efficiency of auditors’ activity, the level of compliance with mandatory requirements, and on the other hand, to avoid the excessive inspections’ procedures in the formation of a scientifically grounded framework of reasonable sufficiency inherent to each specific audit. At the same time, risk-oriented approach needs to create its own methodological base, develop methodologies and relevant accompanying documents, and, most importantly, train personnel capable of implementing this innovative methodology. For this reason, topic of this paper is extremely relevant.     Keywords: audit, risk-oriented approach, planning, accounting (financial) statement

The Use of Analytical Tools in the Conduct of Internal Control Procedures

The work is devoted to the study of the problems of management, the activities of international companies in solving urgent problems of risk assessment, international cooperation of companies in the development and use of software and the applications of the Business Intelligence class, Data Quality and Business Analytics, the role of SAS in the domestic market. The first part is devoted to the activities of international companies in the field of risk assessment. The second part is devoted to the review of analytical products of SAS.   Keywords: audit, risk assessment, in-depth analytics, business intelligenc

Formation of a National Assessment of the Probability of Investing in Fraudulent ICOs

The study covers such concepts as ICO and IPO, their characteristics, similarities and differences. A national estimate of the probability of investing in fraudulent ICOs has been formed. Also, the work is about comparing the likelihood of investing in fraudulent IPOs and ICO.     Keywords: cryptocurrency, block technology, ICO, IP

Rules of Internal Control of the Broker as a Tool for Risk Management of ML/FT

The article analyzes and identifies the features of a brokerage company as an economic entity, identifies the main risks of a broker in the sphere of ML/FT, and examines the rules of internal control and the requirements imposed on them.     Keywords: internal control, broker, risks, economic securit

The Legal Status of Auditors and Audit Organizations in the AML / CFT System

Money laundering has become an increasing concern to law makers in recent years, principally because of its association with terrorism. Recent legislative changes mean that auditors may become state law enforcement agencies in the private sector. We examine this legislation in terms of the changing nature of the relationship between auditors and the state and the aggregate of supervision within which it is located. According to the Resolution of the Government of the Russian Federation of February 16, 2005 No. 82 [2], all lawyers, notaries and auditors are obliged to inform the state of any suspicious transactions of their clients