The article is devoted to the issues of the organization of compliance as a type of internal control forms and the possibility of applying methodological approaches to it that are typical for the organization of the internal control system. The methodological basis and results of the study are based on the experience of management of international companies, on the organization of the compliance system, as well as on the results of a review of various sources of information regarding this issue. It is revealed that foreign practice allocates compliance to an independent structural division, whose employees are given the appropriate powers starting from consulting and training employees on compliance issues to conducting an internal investigation of fraudulent actions and participating in the identification and assessment of compliance risks of an economic entity. Recommendations that are made are based on the need to develop standards for an economic entity that meet international requirements for identifying and evaluating compliance risks associated with professional business conduct and monitoring them. The stages of development of compliance as a form of control are determined. The theoretical and practical significance of the study is to justify the application of existing practices of the compliance organization for the development of internal interaction rules, procedures, and decision-making process by an economic entity.

The paper considers the analysis of the development of artificial intelligence systems. There were methods of analysis, comparison and deduction applied. Despite important achievements at the solution of some private tasks and big financing, the industry in general faces serious problems of development. Already in the nearest future the shortage of computing power will become serious restriction of deep machine learning. A review of literature showed that the commercialization of artificial intelligence and big data negatively affects the solution of fundamental problems in the industry development. The author shows that priorities of developers of systems of artificial intelligence are more and more displaced towards realization of simple consumer services while the solution of tasks, really important for all mankind, is not implemented. Dangers of misunderstanding by people of mechanisms of decisions development are revealed by intellectual computer systems. It is specified the signs allowing to assume possibility of global economic problems because of the developing pessimism of investors concerning prospects of the companies engaged in this field. The principal results of the study are recommended to specialists in the development of artificial intelligence systems as a part of a big data creation.

In the light of the recently adopted new Russian and international standards in accounting and tax accounting, significant changes in the regulation of lease accounting have been made. Unfortunately, the newly adopted rules are not always ideal in terms of their practical application. The article is devoted to a critical analysis of the regulations of the international standard IFRS (IFRS) 16 “Lease” and the Russian standard FSBU25/2018 “Lease Accounting.” The methodological basis of the study includes a critical analysis of the new requirements for accounting for lease transactions in the systems of Russian and international standards in terms of their validity, logic and completeness. The result of the study is the justification of the presence of both positive and problematic aspects in the innovations introduced in the regulation of accounting for leases in IFRS16 and in the Russian standard FSBU25/2018. Recommendations have been made to address the problematic issues of lease accounting and reporting information. The theoretical and practical significance of the study lies in the possibility of using its results in the preparation of new and improved existing accounting regulations in the process of its further development at the national and international levels.

The paper is devoted to the study of approaches to assessing the financial security level of agricultural companies and their improvement. The methodological base of the research is a modern concept of financial security and enterprise sustainability. The methods review for assessing financial security is carried out, also industry characteristics of enterprises are studied. The result of the work is the development of a methodology for assessing the financial security level of organizations. Such methodology’s topicality is represented in the additive model, which includes four integral indicators: profitability, financial sustainability, solvency and business activity. The total of all integral indicators, taking into account the coefficients, is the final rate of an organization’s financial security. The authors distinguish three financial security levels, which are: critical, medium and high. The minimal coefficients, suggested by the legislation and minimal indicators adjusted according to the agricultural enterprises’ specificity have been given to calculate the critical level. The medium level is determined by the calculation of the agricultural producers’ financial security industry average over the last 5 years. The high financial security group includes the enterprises with the indicators exceeding the medium indicators. The theoretical and practical significance of the study lies in the fact that the proposed methodology makes it possible to assess the level of financial security of agricultural enterprises taking into account the industry specifics of their activities, including for further competitive analysis.

The imposition of economic sanctions on the Russian Federation by the countries of Europe and the United States, the introduction of import substitution required the modernization of production, the development of new technologies and the growth of labor productivity. To achieve these goals, significant investments are required in the economy, in particular, attracting investments from individuals and legal entities. The paper describes tax aspects of investing. The methodological basis of the study is tax legislation and local legislative acts of the regions. The analysis of investment activity of individuals shows the state of fixed assets of companies and the dynamics of investment activity for some types of economic activity in conformity with the current state policy to restore fixed capital. The author revealed that the number of individual investors and the amount of investment deductions received by them have increased more than twice, but the investments volume in the segment of large and medium-sized businesses continued to decrease. There was tension in the formation of regional budgets. To intensify the investment activity of companies, the author recommends to extend the application of the investment tax deduction to lowincome companies and reformat regional budgets for the least loss of funds when they are temporary diverted. The study may be of interest to state and regional authorities when developing indicators for the application of investment tax deductions.

Since the budget legislation changes every year, new federal standards are implemented, modern information technologies are introduced, accounting (budget accounting) in the public institutions is constantly developing. The article is devoted to the particularities of accounting for budget expenditure authorization (BEA) in these institutions as their both professional and economic activities have undergone certain changes. The methodological base of the study involves the approved normative legal acts and documents regulating accounting (budget accounting) for budget expenditure authorization. The research result is the development of an algorithm for the flow of limits of budgetary obligations (LBO) to account for and implement them when subsidies are granted for an extended period up to three years. The author provides recommendations on developing accounting policy on the example of public institutions of St. Petersburg for the year 2020. The results of the research could be of theoretical and practical interest for management and specialists of the public institutions in charge of keeping accounts and developing accounting policy.

The article describes the relationship between value creation, performance measurement and accounting for goodwill in accordance with the IFRS and US-GAAP. It shows how to use accounting information collected to verify goodwill for impairment in accordance with IAS36 (“Impairment of Assets”), and FAS142 (“Goodwill and Other Intangible Assets”) to improve internal control. The authors prove that the information for estimating goodwill of a company can make the foundation for the development of a system of performance measurement, which in turn provides the data about value creation and its future use. The paper provides practical evidence that adjustments of the information used for impairment testing generate the data which meet the requirements of optimal system of performance management. The paper contributes to the theory of accounting by developing an innovative indicator to measure the performance of the actual value created.

The article considers the problem of the application of professional accounting judgment in the compilation of consolidated financial statements (CFS), which, according to the legislation of the Russian Federation, should be prepared in accordance with the international financial reporting standards (IFRS). The methodological basis of the study includes scientific developments of domestic and foreign scientists regarding the problems of the application of professional judgment in the framework of the compilation of consolidated financial statements (CFS). The research methodology involves studying the specifics of determining the existence of control as the basis for consolidation, examining the transformation of the concept of “control” in a historical context by analyzing the relevant and previously applied IFRSs, and examining the concept of the information value of consolidated financial reporting. An analysis of the complexity of determining the actual control of the investor over the object of investment has allowed us to draw a conclusion about the prospects of applying the concept of professional judgment in the Russian realities. The theoretical and practical significance of the study lies in the fact that the results of the study are intended for the effective application of the professional judgment of an accountant as a relatively new accounting and reporting tool in the process of generating consolidated reporting (CFS) by accounting professionals.