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Impact Of The Compliance-Control System On Provision Of Financial Security

Table 1:

Threat to financial security of the economic subject Characteristics of threat to financial security
1 Loss of financial autonomy of the organization and accumulation of debts (I) According to some authors, (O'Connor & Yaghoubi, 2016; Harris & Roark, 2018), the threat of accumulation of debts and loss of financial independence of an economic subject is shown as follows: there is a direct nonlinear dependence of high volatility of cash flows of organizations, which are below the industry average level according to the indicator of cash flow from operations, and accumulation of debts due to active use of leverage. It can be expressed in sanctions of contractors or legal liabilities for participation in operations, recognized doubtful, where one of the parties of the civil law relations is included into the list of extremists. Loss of financial solvency implies loss of business reputation, dissolution of civil law contracts between the economic subject and other subjects of legal relationship of this branch, confession of the organization a bankrupt.
2 Unsustainable development of the economic subject as a result of noncompliance with the «gold economic rule» (A) This threat can be connected with investment of a certain capital share of the economic subject in assets. It does not directly imply the growth rates of sales and profits or lead to freeze (block) of settlement accounts by the Federal service of financial monitoring of the Russian Federation within fight against legalization (laundering) of proceeds of crime and terrorist financing. It can cause the unplanned increase in costs up to emergence of negative profit as the main criterion of financial result of the organization’s activity.
3 Critical dependence on contractors (K) The opposite side of the civil law contract has obviously surpassing reasonable possibilities for imposing conditions of interest to the contractor in the course of conclusion of the contracts regulating the civil relations. This set of the economic relations is regulated by the Federal Law "On protection of competition" № 135-FZ limiting a possibility of the economic subject for benefiting from the position recognized as dominating in a certain branch.
4 High probability of tax audit and/or block of settlement accounts because of interaction with the unreliable contractor (H) This threat can be connected with a possibility for implementation of interdepartmental coordination control and freeze (block) of settlement accounts, if one of the parties is natural or legal entity, which is involved in extremist activity or terrorism, or a legal entity, which is directly or indirectly owned or is under control of such organization or person, either natural or legal entity acting on behalf or by order of such organization or person. In this case it is necessary to talk not so much about financial, but about temporary losses, caused by the need of expectation of termination and results of inspection, and losses of reputation in connection with a possibility for getting into so-called black lists of Rosfinmonitoring.
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