Model for Assessing the Effectiveness of Control Procedures for Ensuring Economic Security

Aim. The purpose of the study is to develop a model for assessing the effectiveness of control procedures that provides a quantitative evaluation of a company’s control environment, applicable regardless of the degree of automation (manual, semi-automated, or automated). Methods : based on an analysis of existing approaches to evaluating internal control effectiveness and corporate economic security, a methodological gap was identified the absence of a single integral indicator simultaneously accounting for control effectiveness, personnel factors, probabilistic risk, and digitalization level; calculation formulas were developed for each indicator, and weighting coefficients were assigned using an expert-based method grounded in the assessment of each indicator’s significance for economic security purposes; the integral indicator was constructed in multiplicative form. Results : a model was proposed comprising nineteen indicators grouped into four blocks (control effectiveness, personnel factor, risk, digitalization level), together with an integral indicator K ranging from 0 to 1; testing the model on the process of selling non-conforming products through auctions demonstrated an increase in K from 0.028 to 0.47 following the implementation of control improvement measures, with the rise in digitalization level identified as the key driver. Conclusions : the proposed model enables quantitative identification of vulnerabilities in the internal control system and prioritization of areas for its improvement; the key limitation is the expert-based nature of the weighting coefficients, which are advisable to be refined individually for each company and business unit in accordance with its specific objectives and operational context, defining the direction for further research.

1. Alenina, K. A., Kuritsyna, A. V. Developing an Algorithm to Assess Corporate Digital Maturity // Journal of Economics, Entrepreneurship and Law. 2024. Vol. 14, No. 4. P. 1057–1078. (In Russ.) EDN: KQJPMU. DOI: 10.18334/epp.14.4.120726

2. Bekarev, A. V. Assessing the Effectiveness of Digitization as a Tool for Then Efficiency of Government Support Measures to Ensure Food Security // Food Policy and Security. 2024. Vol. 11, No. 1. P. 9–24. (In Russ.) EDN: CHFZEB. DOI: 10.18334/ppib.11.1.119977

3. Beketnova, Yu. M. Modification of T. Saaty’s Analytic Hierarchy Process for Calculating Weights and Criteria when Evaluating Financial Entities // Scientific Discussion: Issues in Physics, Mathematics, and Informatics : proceedings of the 5th International Correspondence Scientific and Practical Conference. Moscow, 2012. P. 70–74. (In Russ.)

4. Beketnova,Yu. M., Krylov, G. O., Fomin, Ya. A. Application of Pattern Recognition Theory in Problems of Assessing the Risks of Financial and Information Security Violations // Information Technology Security. 2013. Vol. 20, No. 2. P. 23–26. (In Russ.) EDN: RRXSCR

5. Boyadzhi, K. S., Mishura, L. G. Risk-Based Approach to the Organization of Internal Audit of a Testing Laboratory // Scientific journal NRU ITMO. Series: Economics and Environmental Management. 2023. No. 2. P. 44–54. (In Russ.) EDN: ENUZMY. DOI: 10.17586/2310-1172-2023-16-2-44-54

6. Ganieva, M. R. Control System at the Enterprise: Theory and Practice // Economy and Business: Theory and Practice. 2024. No. 12-1 (118). P. 64–69. (In Russ.) EDN: OVGWJT. DOI: 10.24412/2411-0450-202412-1-64-69

7. Ivanova, E. A. Internal Control and Risk Management System in the Organization // Bulletin of the Altai Academy of Economics and Law. 2024. No. 7-1. P. 76–82. (In Russ.) EDN: DDPYEW. DOI: 10.17513/vaael.3564

8. Kevorkova, Zh. A. The Development of Methodical Toolkit for the Economic Security of an Organization // Accounting. Analysis. Audit. 2016. No. 3. P. 65–73. (In Russ.) EDN: WDIQDH

9. Kirovа, E. A., Perminova, T. V. Analysis and Assessment of the Organisation’s Internal Control Risks // Vestnik Universiteta. 2022. No. 3. P. 116–123. (In Russ.) EDN: HSOJDW. DOI: 10.26425/1816-4277-20223-116-123

10. Kucherova, E. V., Ponkratova, T. A., Tyuleneva, T. A. Organization and Estimation of the Internal Control Efficiency at Holding companies : monograph. Moscow : Creative Economy, 2020. 160 p. ISBN 978-591292-289-3. (In Russ.) EDN: RGVDZW. DOI: 10.18334/9785912922893

11. Kucherova, E. V., Tyuleneva, T. A., Cherepanova, N. A. Organization of Internal Corporate Control atHolding Enterprises // Economics and Innovation Management. 2017. Vol. 1, No. 1. P. 45 51. (In Russ.) EDN: ZHLBYL. DOI: 10.26730/2587-5574-2017-1-45-51

12. Ovanesyan, S. S., Faleichik, A. A., Balyberdina, Е. Е. Using Mathematical Methods to Assess Efficiency of Control Procedures in Operation Audit // Bulletin of Baikal State University. 2011. No. 6. P. 194–197. (In Russ.) EDN: ONCRWL

13. Rastegaeva, F. S., Nafikova, R. R. Digitalization of the Internal Control System // Creative Economy. 2022. Vol. 16. No. 9. P. 3529–35429. (In Russ.) EDN: ITBNVW. DOI: 10.18334/ce.16.9.116283

14. Safonova, M. F., Mamushkina, N. V. The Model for Assessing the Maturity and Effectiveness of the Internal Control System // Digital Economy & Innovations. 2023. No. 3. P. 34–46. (In Russ.) EDN: RCMJPQ. DOI: 10.18323/2221-5689-2023-3-34-46

15. Shmarikhina, E. S. Integral Assessment of the Economic Security of Russian Federation // Vestnik NSUEM. 2021. No. 1. P. 181–190. (In Russ.) EDN: JHQCQX. DOI: 10.34020/2073-6495-2021-1-181-190