THEORETICAL AND METHODOLOGICAL ASPECTS OF FORMING A COMPLIANCE CONTROL SYSTEM

Abstract

In modern conditions, compliance is the basis for improving the management decision-making process, contributes to the achievement of the established strategic and tactical goals of the enterprise and ensures its sustainable development in the long term. In this connection, the functions of compliance control are significantly expanded. The subject of the article’s research is the compliance control system, which is a complex of types of controls built into the business processes of economic entities, established to comply with certain standards. The purpose of the work is to improve the theoretical and practical aspects of the formation of the compliance control system at enterprises. To achieve the goal, the following tasks should be solved: to systematize the theoretical and methodological approaches to the concept of "compliance control", to generalize the areas of regulation of companies’ activities with the help of compliance control, to specify the types of compliance risks. Consider the peculiarities of compliance control, its components and the structure of the compliance program. To achieve the goal of the work, a set of general scientific methods was applied: abstract-logical generalization; comparative comparison of playing; analysis and synthesis. As a result of the conducted research, directions, types and features of compliance control and compliance risks, features of the composition of the compliance program were specified. Conclusions: the implementation of compliance control provides enterprises with indisputable advantages in the form of image improvement; simplification of algorithms for interaction with supervisory and regulatory bodies; increasing the level of corporate culture – continuous monitoring of risk situations and smooth introduction of compliance procedures into the company’s work contributes to the improvement of business processes and the formation of a dynamic environment for the creation of an innovative climate and the emergence of a "corporate spirit", which involves clear compliance with ethical standards in relation to counterparties; the possibility of establishing new partnerships; the possibility of presence on international markets – the implementation of compliance in transnational companies and companies that plan to enter the international level increases their trust on the part of foreign stakeholders.