THE ESSENCE OF FINANCIAL MONITORING IN THE ECONOMIC SECURITY SYSTEM
DOI:
https://doi.org/10.32782/2311-844X/2023-2-3Keywords:
finance, monitoring, financial monitoring, economic security, enterprise, threatsAbstract
The purpose of the article is to study the features of financial monitoring in the system of ensuring economic security. Financial monitoring has been proven to help identify suspicious financial transactions that may be related to money laundering, terrorist financing or other illegal activities. In the study, to study the features of the financial monitoring system in the conditions of ensuring economic security, general scientific research methods were used, namely the method of theoretical and comparative analysis, induction and deduction and the graphical method. It has been established that financial monitoring is an important tool with the help of which it becomes possible to most qualitatively assess the performance of business entities and reasonably make effective management decisions in the system of ensuring economic security. It is substantiated that the main task of financial monitoring is consistent monitoring of deviations of the financial condition of an enterprise from the normative one. To do this, you need to correctly select evaluative criteria for the financial condition of the enterprise, objectively determine and establish their standard values. If the indicators turn out to be suboptimal and far-fetched, the level of economic security will decrease. A hierarchy of the financial monitoring system has been formed in the context of ensuring economic security. It has been established that financial monitoring is an organized and constantly operating system of necessary statistical reporting, collection and analysis of socio-economic information, additional analytical reviews, diagnostics of the state of development trends and analysis of specific problems of ensuring economic security. A model of the essence of financial monitoring in the economic security system of an enterprise has been formed. It has been proven that effective financial monitoring helps the state maintain a good international reputation in the field of financial transparency and the fight against corruption.
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