The article presents the results of the research conducted by the Accounting, Analysis and Audit Department of the Financial University under the Government of the Russian Federation in order to answer the following question: to what extent the functions implemented now by a human are subject to “information technology factor” and can be fulfilled and further replaced by computers? The subject of the research is the labor functions stated in the basic professional standards of the Russian Federation for accountants and auditors. On the basis of the research the authors conclude that the influence of information technology on the accounting and audit functions will result in intellectualization of the profession and the use of larger data arrays compiled by IT tools and programs to make professional judgment.

The article considers the methodological issues of conducting analytical procedures to evaluate a going concern assumption when auditing this company’s financial statements. The authors present and justify the application of the dynamic normal method to obtain sufficient evidence to make auditor’s professional judgment. The use of dynamic normal ensures the systematic approach to performing of analytical procedures. The results of the analysis make it possible not only to evaluate the changes in the indicators of the enterprise performance but also to assess the general trends and the impact of the factors determining the certain percentage ratio of these indicators. The stages and the essence of the method are described and followed by proposals on how to interpret the findings in drafting the audit report. Dynamic normal contributes to the improvement of the quality of the evidence resulting from analytical procedures.

The article discusses the issue of an investment strategy from the standpoint of the stakeholders. In modern conditions the right choice of strategy results either in the successful development of an economic entity and the rising cost of its capital or in a crisis and the destruction of the cost of capital. The purpose of the research is to develop some theoretical propositions on formation of investment strategy from the stakeholder theory viewpoint. The investment strategy is a fundamentally important part of the strategy of development of any economic entity which involves the coordination of particular actions, necessary resources and the expected effect to achieve of stated goals. The article describes the stages of goal setting strategic investment planning and types of investments. The position of “configuration” school of the strategic management process is used to define the methodological platform for investment strategy development. Also the paper emphasizes the importance of a comparative evaluation of investment strategies, and recommends as a possible one the method of expert evaluation of the results by a concordance coefficient.

The article substantiates the relevance of the business analysis of the financial component of an enterprise strategic competitiveness and describes this concept. To conduct this business-analysis the authors propose a method of calculating the values which can be used as criteria for the system of indicators measuring the financial condition of an enterprise. The methodology is focused on particular groups of indicators: efficiency, business activity, solvency, liquidity, and financial stability. The article describes the structure of the relevant data base and the characteristics needed to ensure its quality and increase its transparency. It also proposes the use of SNW-analysis (based on the resource-oriented approach to the economic analysis) and MoSCoW method adapted to the needs of commercial organizations and making the business analysis of a financial component of a company strategic competitiveness followed by setting up the regression equation with a subsequent ranking of indicators by priority depending on the regression coefficients.

In the process of public administration reform there has begun the implementation of modern international control and auditing standards in the public sector. The need for the improving of the efficiency of public administration requires the use of enhancement processes of public finance application and use, which in turn depends on the quality of feedback. The feedback was provided earlier by the control and auditing services, which were recording the cases of violation but at the same time, the evolution of the public internal financial control requires a shift in emphasis from the detection of violations to the analysis of the processes of the use of the resources. Not downplaying the importance of the elimination of these violations, the analysis of the main processes which involved the spending of budgetary funds, the identification of bottlenecks in such processes and introducing recommendations aimed at minimizing of the occurrence probability of adverse events is now the prevalent task of the modern state of the public internal auditing. Effective public internal auditing is designed to provide continuous assessment of the state internal control and it should help in the conditions of modern changing environment and regulatory shifts, by providing modern public administration. However, the liquidation or slow transformation in the process of reorganization of existing control structures, creates the risk of loss of the previously accumulated experience, as well as ineffective implementation of international standards of internal control and internal auditing, testifying to the fact of relevance growth of the research topic. This paper provides with the technique of internal auditing of state-owned institutions, which was developed on the basis of synergy works of domestic and foreign scholars and practitioners.

The article considers the problems of enhancing the theory and methodology of the economic analysis. It also analyzes the conditions of the development of the economic analysis in the context of the stakeholder approach application - that is taking into account the range of stakeholder requirements to the quality of functioning of the organization. The necessity for the development of a system of standards for economic analysis, a systematic legal framework for standardization of economic analysis was identified: the standardization in the Russian Federation, professional standards, organization standards. The article also reveals the insufficiency of the existing regulatory framework base for the development of the standards system of the economic analysis. The author justifies the possible status of the standard of the economic analysis: the professional standard or the standard of the organization. Basing on the study of the system of professional standards there was identified the absence of standard of analytical activity in the broad sense of the word, the already described professional qualifications contain only a few scattered analytical procedures. It was also found that the requirements of several stakeholders had not been reflected in the existing professional standards. Basing on the conducted research the author proposes the development of the system of pilot standards of economic analysis which describe the practice of analytical activities conduct in the process of examination, evaluation and management of the main activities of the organization.

The regional taxation plays a major role in the formation of budget income part of the sub-federal units of the Russian Federation. The federal structure of the state always causes the need to deal with the main problem of any federation: the separation or delegation of the powers of the federal center and the territorial subjects. One of the parts of the general problem of the division of powers between the federal and regional levels of government is the definition and the determination of the tax jurisdiction. Due to the fact that Russia is a federal state with a high differentiation of her regions by the quantity and the quality of the capital or production resources, where it is necessary to keep balance while solving two main problems: to preserve the unity of the economic space of the country and to promote the regional development, taking into account the specifics of the sub-federal entities - the problem of the taxation powers scale of the authorities at various levels is one of the priorities for the tax policy. The most important of the regional taxes (as its own source of budget incomes of the economic subjects of the Russian Federation) is the property tax imposed on organizations. The article examines the whole range of issues covering the legislative consolidation of authoritarian powers of the entities of the Russian Federation. First of all, there were considered the constitutional provisions regarding the regulation of the legal forms of control related to the approval and the introduction of tax framework of reference of the Russian Federation and its subjects. There were also issues analyzed regarding how the general constitutional principles of the distribution of the tax competence are implemented in the federal legislation, especially in the Tax Code of the Russian Federation describing the property tax of the organizations. One can fairly state that once the sub-federal units of the Russian Federation are granted the authority to control and monitor all the elements regarding the regional taxation basing on the example of the property tax of the organizations, the sub-federal units of the Russian Federation will be secured with the constitutional rights and the real chances to conduct their own taxation policies. The purpose of this research is to study the scope, content and the limits of authority of the sub-federal units of the Russian Federation in terms of the legal regulation of regional taxes on the example of the property tax of the organizations.

Joint activity is a specific activity of economic entities and agents, which requires constant monitoring of the implementation of such operations. The formation and disclosure of the information in the financial reporting statements regarding the joint activity is supported by regulatory legislation, however the application of IFRS in the activities of economic entities in disclosing this information requires the implementation of specific requirements that reveals the need for the development of information support (data back up) of such operations. The authors of the article reveal the problems that arise with information support of the internal control of the facts of economic life, undertaken in the framework of the execution of the contract of partnership. The proposed methodology for the implementation of the internal data control of the accounting entities will allow you to avoid significant mistakes. The formation of the systematic information on joint activity suggests and involves the determination of the accounting objects, documentation organization, registration and systematization of the facts of economic life, as well as the determination of control points. The determination of control points allowed the authors to generate information support for each of them and give recommendations on its application.