State Corporations as an Object of Financial and Budgetary Control
- Authors: Toria R.A.1,2, Hasanov N.A.3
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Affiliations:
- Presidential Academy of the RANEPA
- Financial University under the Government of the Russian Federation Russia
- Audit company of the Big Four «KPMG»
- Issue: Vol 18, No 2 (2022)
- Pages: 49-54
- Section: Articles
- URL: https://journals.eco-vector.com/2541-8025/article/view/531844
- ID: 531844
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Abstract
This article considers issues of the legal regulation of financial and budget control at state corporations. Due to the specific legal status of state corporations, the issue of their financial and budgetary control by the state and the public has not been properly covered either in legal science or legislation. This article analyzes the evolution of the legislation of the Russian Federation in the area of regulation of state corporations. The history and reasons for the creation of this form of incorporation in the Russian Federation and in other countries are also considered. For a better understanding, the authors compiled a table on the activity of state corporations. The authors consider a number of legal problems that arise during the performance of financial and budget control at state corporations. These include the problem of regulating procurement procedures and the lack of unified requirements on the annual reporting of state corporations. The authors show the need for a unified legal framework for effective financial control. As a result of the research, the author proposes a number of recommendations for implementation.
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About the authors
Rita A. Toria
Presidential Academy of the RANEPA; Financial University under the Government of the Russian Federation Russia
Email: rtoria@yandex.ru
Dr. Sci. (Law), Professor of the Department of State and Legal Disciplines of the «Higher School of Law» of the IGSiU; Professor of the Department of International and Public Law Moscow, Russian Federation
Nail A. Hasanov
Audit company of the Big Four «KPMG»
Email: gasanovnail999@gmail.com
Consultant of KPMG Tax and Legal Consulting Department Moscow, Russian Federation
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