Application of a compliance system to prevent corporate fraud in large companies

Abstract

The use of compliance systems is one of the most important components of ensuring the functioning of the activities of large companies in conditions of a high level of security. Working with big data puts organizations in front of various problems related to confidentiality and information security. Compliance systems can reduce risks by increasing the competitiveness of enterprises in the market and raising awareness of employees about illegal actions in general. Recently, the application of laws preventing corrupt business transactions has intensified, and the escalating foreign economic situation requires effective actions from business leaders, therefore, the study of ways to apply the compliance system in large companies is necessary. Within the framework of this article, the author examines the essence of compliance, its main functions, as well as methods and methods of compliance control in large organizations operating in the domestic market. An important role in this scientific article is assigned to the levels of development of the compliance system, consideration of international standards, as well as the areas of compliance in large companies, which are highlighted by the author in accordance with the specifics and features of the activities of large companies in the domestic market. The author also considers compliance principles, the observance of which is necessary to ensure the achievement of the company's goals, the development of methods for their adoption, as well as ensuring system control of the functioning of the organization. The paper focused on the need to continue implementing the development strategy of large companies aimed at automating business processes. The main tools for countering corporate fraud that are used by large companies in conditions of aggravation of the risk of corporate fraud are listed.