THE IMPACT OF INTERNAL CONTROL ON MINIMIZING FRAUD: THE CASE OF SMALL-MEDIUM ENTERPRISES

Authors

  • Yulia A. Artemieva Friendship University of Russia (RUDN University), Moscow, Russia
  • Marina N. Ermakova Financial University under the Government of the Russian Federation, Moscow, Russia
  • Lyubov L. Pokrovskaya FSAEI HE Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russia
  • Larisa D. Petrenko FSAEI HE "Tyumen State University", Tyumen, Russia
  • Natalia L. Dolotova FSAEI HE Peter the Great St. Petersburg Polytechnic University, St. Petersburg, Russia

Abstract

Affiliations face inside and outside forces that require an approach to empower them to continue being in a healthy financial condition. The affiliations' ability to meet their objectives with respect to remaining engaged and critical depends on the courses of action and systems similarly as the sufficiency of procedures developed to shield their exercises. Beginning from the workplace speculation and buttressed by the probability theory are inside control systems (internal control systems) which assure ground-breaking organization of benefits despite feasible and compelling exercises. However, the research implemented the quantitative methodology throughout distributing a questionnaire over 100 respondents in different SMEs for data collection, and then the collected data had been analyzed using the SPSS statistical tool for hypotheses validation.

The results proved that there is a direct relationship between internal control systems and financial performance.

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Published

2020-11-14

How to Cite

Artemieva, Y. A. ., Ermakova, M. N. ., Pokrovskaya, L. L. ., Petrenko, L. D. ., & Dolotova, N. L. . (2020). THE IMPACT OF INTERNAL CONTROL ON MINIMIZING FRAUD: THE CASE OF SMALL-MEDIUM ENTERPRISES. PalArch’s Journal of Archaeology of Egypt / Egyptology, 17(3), 1284-1297. Retrieved from http://mail.palarch.nl/index.php/jae/article/view/268