The Institution of the Users Interested in the Financial Control Information

Abstract

The article analyzes modern theoretical approaches to organization and verification of financial control in the Russian Federation and abroad. As a result of this analysis, it is substantiated that the further development of the financial control theory, which is based on the improvement of inspectors and auditors' work, has no prospect. This area has no development opportunities. The research results and practical experience in financial verification by economic entities of different ownership forms showed that the main reasons for the increased number of claims to the results of the inspectors and audits' work are rooted not in the negligent inspections. It is because the customers and organizers of financial control are not always able to formulate the purposes of the control correctly or do not know how to use the information provided by the inspectors. Consequently, it is proposed to study the owner's or top manager's behavior, as the basis for the entire system of the financial control, both at the micro- and macroeconomic level. It gives the concept of the interested user, and identifies the attributes of the new socioeconomic institution formation—a user interested in the financial control information.

DOI: 10.5901/mjss.2015.v6n4s4p432