Authors: N.A. Cherepanova

Title of the article: Intra-corporate financial control as a factor in the stable development of coal enterprises (using JSC «Suek-Kuzbass» as an example)

Year: 2015, Issue: 4, Pages: 152-158

Branch of knowledge: Economical sciences

Index UDK: 336.6

DOI: -

Abstract: Intra-corporate financial control is becoming more and more important in the context of changing ways of development in the fuel and energy enterprises in the Russian Federation. This article shows links between an organization’s objectives, risks and internal control system. It describes three methods to formulate the internal control system in enterprise: the risk-oriented approach, a method based on the COSO model, and the typical Russian practice. The article formulates a model of intra-corporate financial control and gives a series of examples of its functioning at JSC «SUEK-Kuzbass».

Key words: internal control objectives risks finance intra-corporate financial control COSO

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