E3S Web Conf.
Volume 15, 2017The 1st Scientific Practical Conference “International Innovative Mining Symposium (in memory of Prof. Vladimir Pronoza)”
|Number of page(s)||6|
|Section||Economic and Social Development of Mining Regions|
|Published online||07 April 2017|
Evaluating the Effectiveness of Internal Corporate Controls in Coal Mines Illustrated By the Example of JSC “SUEK-Kuzbass”
1 T.F. Gorbachev Kuzbass State Technical University, Department of Management Accounting and Analysis, Vesennaya street, 28, Kemerovo, Russian Federation
2 JSC “SUEK-Kuzbass”, Vasilieva street, 1, Leninsk-Kuznetsky, Kemerovo region, Russian Federation
* Corresponding author: email@example.com
The article gives reasons for the need to develop the mechanism and tools of performance evaluation based on the implementation of specific management functions, as well as the integrated evaluation of the effectiveness of internal corporate controls. It presents the approbation of the proposed assessment methodology on the example of JSC “SUEK-Kuzbass”. The monitoring role as one of the functions of management is constantly increasing in the market economy. The participation of Russian companies in the international economy requires the organisation of internal company control. Moreover, with the enacting of the Law “On Accountings» № 402-FZ, for the majority of economic agents the organising of internal control became mandatory. Thus, the internal control means the process carried out by the Board of Directors and other staff of the organisation aimed at providing reasonable assurance that the objectives of the organisation such as ensuring the effectiveness and efficiency of operations, reliability of financial reporting and compliance with the legislation in force will be achieved.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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