2022, Vol. 9, No. 4. - go to content...

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DOI: 10.15862/06ECOR422 (https://doi.org/10.15862/06ECOR422)

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Kstenin V.S., Volkov A.A. Business partner verification as a method for preventing risks and threats of corporate fraud by a retail business entity. Russian journal of resources, conservation and recycling. 2022; 9(4). Available at: https://resources.today/PDF/06ECOR422.pdf (in Russian). DOI: 10.15862/06ECOR422

Business partner verification as a method for preventing risks and threats of corporate fraud by a retail business entity

Kstenin Vitaly Sergeevich
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail: kstenin01@mail.ru

Volkov Andrey Andreevich
Financial University under the Government of the Russian Federation, Moscow, Russia
E-mail: volkarena@gmail.com

Abstract. Within the framework of this article, the authors consider the company JSC «VkusVill» from the standpoint of the reliability and integrity of its suppliers. As part of a large range of products, the authors focus on the bakery industry, since this type of product is in the greatest demand and is basic for any food retailer. To apply the due diligence method, the authors selected two suppliers: PJSC «Ruzsky Khlebozavod» (RH) and PJSC «Sotsinnovation» (SI). This article compares the two organizations. The authors have developed checklists for checking contractors for reliability. The most important aspects of retail are considered in detail: legal, tax, financial and marketing. Comparisons are presented in the form of tables, each of which is explained. In addition, the authors analyzed the levels of legal, financial, tax risks of counterparties to determine the most trustworthy counterparty. Also, within the framework of this article, the authors provide a formula with which you can calculate the assessment of the effectiveness of counterparties of VkusVill JSC. After that, the authors give a calculation of the costs of improving the method of checking counterparties and the damage to JSC «VkusVill» from the disruption of the supply of bakery products. Based on the results obtained, a general indicator of economic efficiency was calculated and a conclusion was made about the economic activity of the company JSC «VkusVill». Since the due diligence system of counterparties ensures the most efficient functioning of the company, VkusVill JSC needs to improve this mechanism and pay more attention to it. To achieve this goal, a list of references was selected to form the most complete picture of the object and subject under study.

Keywords: company analysis; reliability; organization activity; due diligence; due diligence; complex analysis; counterparty; risk management; counterparty verification; risk-based approach; economics; business entity; economic security

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