9.4. ÎÖÅÍÊÀ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÌÅÐÎÏÐÈßÒÈÉ ÏÎ ÏÐÎÄÂÈÆÅÍÈÞ ÏÐÎÄÓÊÖÈÈ ÂÎÅÍÍÎÃÎ ÍÀÇÍÀ×ÅÍÈß ÈÍÎÑÒÐÀÍÍÛÌ ÃÎÑÓÄÀÐÑÒÂÀÌ ÊóøíèðÀ. Ì.............................................................................246
9.5. ÓÏÐÀÂËÅÍÈÅ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÊÈÌ ÐÈÑÊÎÌ (ÌÅÒÎÄÈ×ÅÑÊÈÉ ÀÑÏÅÊÒ)
.....................................................................................256
9.6. ÎÖÅÍÊÀ ÊÀ×ÅÑÒÂÀ ÊÎÐÏÎÐÀÒÈÂÍÎÃÎ ÓÏÐÀÂËÅÍÈß È ÈÍÂÅÑÒÈÖÈÎÍÍÀß ÏÐÈÂËÅÊÀÒÅËÜÍÎÑÒÜ ÐÎÑÑÈÉÑÊÈÕ ÊÎÌÏÀÍÈÉ
Òêà÷åíêîÄ. Þ....................................................................................262
9.7. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ Ó×ÅÒÀ
............................................................273
10. ÁÈÇÍÅÑ-ÐÅÈÍÆÈÍÈÐÈÍÃ............................................................338
10.1. ÐÅÑÒÎÐÀÍ ÊÀÊ ÑÈÑÒÅÌÀ ÏÐÎÈÇÂÎÄÑÒÂÀ, ÐÅÀËÈÇÀÖÈÈ È ÎÐÃÀÍÈÇÀÖÈÈ ÏÎÒÐÅÁËÅÍÈß ÊÎÌÏËÅÊÑÍÎÃÎ ÏÐÎÄÓÊÒÀ - ÐÅÑÒÎÐÀÍÍÎÉ ÓÑËÓÃÈ
...................................................................338
10.2. ÏÐÎÁËÅÌÛ ÑÒÐÀÕÎÂÀÍÈß ÑÒÐÎÈÒÅËÜÍÎ-ÌÎÍÒÀÆÍÛÕ ÐÈÑÊÎÂ ÑÒÐÎÈÒÅËÜÍÛÕ ÎÐÃÀÍÈÇÀÖÈÉ
.................................................................................342
10.3. ÏÐÎÁËÅÌÛ ÝÍÅÐÃÎÎÁÅÑÏÅ×ÅÍÈß ÐÎÑÑÈÉÑÊÎÃÎ ÐÛÍÊÀ  ÓÑËÎÂÈßÕ ÎËÈÃÎÏÎËÈÑÒÈ×ÅÑÊÎÃÎ ÄÎÌÈÍÈÐÎÂÀÍÈß
......................................................................347
10.4. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÃÎ ÐÅÃÓËÈÐÎÂÀÍÈß ÏÐÅÄÏÐÈßÒÈÉ ÊÎÌÌÓÍÀËÜÍÎÉ ÈÍÔÐÀÑÒÐÓÊÒÓÐÛ ÊÀÊ ÔÀÊÒÎÐ ÊÎÌÏËÅÊÑÍÎÃÎ ÐÀÇÂÈÒÈß ÌÀËÎÃÎ ÃÎÐÎÄÀ
, , ...............................................................................351
10.5. ÑÒÐÀÒÅÃÈ×ÅÑÊÎÅ ÐÀÇÂÈÒÈÅ ÏÐÅÄÏÐÈßÒÈß
..........................................................................................387
10.6. ÈÏÎÒÅ×ÍÛÉ ÊÐÈÇÈÑ SUBPRIME: ÃËÎÁÀËÜÍÛÅ
ÏÎÑËÅÄÑÒÂÈß È ÏÐÈ×ÈÍÛ
..........................................................................394
10.7. ÍÅÇÀÊÎÍÍÀß ÓÒÅ×ÊÀ ÊÀÏÈÒÀËÀ ÈÇ ÐÎÑÑÈÈ, ÅÃÎ ÌÀÑÑØÒÀÁÛ È ÎÑÍÎÂÍÛÅ ÑÕÅÌÛ ÂÛÂÎÇÀ
..........................................................................................403
10.8. ÔÎÐÌÀËÈÇÀÖÈß ÄÈÍÀÌÈ×ÅÑÊÈÕ ÏÐÎÖÅÑÑΠ ÑÈÑÒÅÌÅ: ÊÐÅÄÈÒÍÛÅ ÑÎÞÇÛ - ÝÊÎÍÎÌÈÊÀ ÐÅÃÈÎÍÀ
, ................................................................................416
10.9. ÑÎÖÈÀËÜÍÀß ÏÎËÈÒÈÊÀ ÌÓÍÈÖÈÏÀËÜÍÎÃÎ ÎÁÐÀÇÎÂÀÍÈß È ÅÅ ÏÐÈÎÐÈÒÅÒÛ ÍÀ ÑÎÂÐÅÌÅÍÍÎÌ ÝÒÀÏÅ
..........................................................................................433
10.10. ÒÅÎÐÅÒÈ×ÅÑÊÈÅ ÀÑÏÅÊÒÛ ÐÅÀËÈÇÀÖÈÈ ÑÈÑÒÅÌÍÎÃÎ ÏÎÄÕÎÄÀ  ÊÎÍÖÅÏÖÈÈ È ÏÀÐÀÄÈÃÌÅ ÝÔÔÅÊÒÈÂÍÎÃÎ ÐÀÇÂÈÒÈß ÐÅÃÈÎÍÀ
....................................................................................................437
10.11. ÎÑÎÁÅÍÍÎÑÒÈ ÐÀÇÂÈÒÈß ÝÊÎÍÎÌÈÊÈ ÞÆÍÎÃÎ ÔÅÄÅÐÀËÜÍÎÃÎ ÎÊÐÓÃÀ È ÈÕ ÂËÈßÍÈÅ ÍÀ ÕÀÐÀÊÒÅÐ ÔÎÐÌÈÐÎÂÀÍÈß È ÐÀÇÂÈÒÈß ÍÏÊ
.............................................................................................................452
10.12. ÝÊÎÍÎÌÈ×ÅÑÊÈÅ ÌÎÒÈÂÛ ÏÎËÈÒÈ×ÅÑÊÈÕ ÐÀÑÊËÀÄÎÂ
Í.............................................................................................456
10.13. ÂÍÅÄÐÅÍÈÅ ÁÅÇÎÒÕÎÄÍÎÃÎ ÏÐÎÈÇÂÎÄÑÒÂÀ - ÊËÞ×ÅÂÎÅ ÍÀÏÐÀÂËÅÍÈÅ ÏÅÐÅÕÎÄÀ Ê ÓÑÒÎÉ×ÈÂÎÌÓ ÐÀÇÂÈÒÈÞ
, , ............................................................461
10.14. Ê ÊÎÍÖÅÏÖÈÈ ÂÇÀÈÌÎÄÅÉÑÒÂÈß ÐÎÑÑÈÈ Ñ ÊÈÒÀÅÌ
...............................................................................................464
10.15. ÂÎÇÄÅÉÑÒÂÈÅ ÑÎÖÈÀËÜÍÎÃÎ ÊÀÏÈÒÀËÀ ÍÀ ÔÎÐÌÈÐÎÂÀÍÈÅ ÍÎÂÛÕ ÝÊÎÍÎÌÈ×ÅÑÊÈÕ È ÓÏÐÀÂËÅÍ×ÅÑÊÈÕ ÎÒÍÎØÅÍÈÉ ÍÀ ÒÅÐÐÈÒÎÐÈÈ
.................................................................................468
10.16. ÔÎÐÌÛ ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÉ ÏÎÄÄÅÐÆÊÈ ÈÏÎÒÅ×ÍÎÃÎ ÆÈËÈÙÍÎÃÎ ÊÐÅÄÈÒÎÂÀÍÈß
.......................................................472
13. ÎÒ×ÅÒ ÏÅÐÅÄ ÂÀÊîì....................................................................475
13.1. ÑÏÈÑÎÊ ÍÀÓ×ÍÛÕ ÐÀÁÎÒ, ÎÏÓÁËÈÊÎÂÀÍÍÛÕ Â ÆÓÐÍÀËÅ «ÀÓÄÈÒ È ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ» çà 2007 ã.
...........................................................475
ÒÐÅÁÎÂÀÍÈß Ê ÌÀÒÅÐÈÀËÀÌ, ÏÐÅÄÑÒÀÂËßÅÌÛÌ Â ÆÓÐÍÀË «ÀÓÄÈÒ È ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ»
..........................................................................484
¹ 2 2008 ã.
ÝÊÎÍÎÌÈÊÀ
1. ÍÀËÎÃÎÎÁËÎÆÅÍÈÅ È ÔÈÍÀÍÑÎÂÛÉ ÊÎÍÒÐÎËÜ......................7
1.1. ÌÅÒÎÄÈÊÀ ÏÐÎÃÍÎÇÍÎÃÎ ÀÍÀËÈÇÀ ÔÈÍÀÍÑÎÂÎÉ ÎÒ×ÅÒÍÎÑÒÈ
.................................................................................................7
1.2. ÍÀËÎÃÎÂÎÅ ÏËÀÍÈÐÎÂÀÍÈÅ ÊÀÊ ÈÍÑÒÐÓÌÅÍÒ ÎÁÅÑÏÅ×ÅÍÈß ÑÎÏÎÑÒÀÂÈÌÎÑÒÈ ÍÀËÎÃÎÂÎÉ ÍÀÃÐÓÇÊÈ È ÎÁÚÅÌÀ ÔÈÍÀÍÑÈÐÎÂÀÍÈß ÑÎÖÈÀËÜÍÛÕ ÏÐÎÃÐÀÌÌ
.................................................................................................16
1.3. ÏÅÐÑÏÅÊÒÈÂÛ ÏÐÈÌÅÍÅÍÈß ÊËÞ×ÅÂÛÕ ÏÎÊÀÇÀÒÅËÅÉ ÝÔÔÅÊÒÈÂÍÎÑÒÈ Â ÎÏÅÐÀÒÈÂÍÎÌ ÊÎÍÒÐÎËËÈÍÃÅ ÍÀ ÏÐÅÄÏÐÈßÒÈßÕ ÀÏÊ
..................................................................................................19
1.4. ÈÍÍÎÂÀÖÈÎÍÍÛÉ ÏÎÄÕÎÄ Ê ÐÅØÅÍÈÞ ÏÐÎÁËÅÌÛ ÐÅÀËÈÇÀÖÈÈ ÌÓÍÈÖÈÏÀËÜÍÎÃÎ ÔÈÍÀÍÑÎÂÎÃÎ ÊÎÍÒÐÎËß Â ÐÎÑÑÈÈ
..............................................................................................24
2. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ ÓרÒÀ È ÀÓÄÈÒÀ.......28
2.1. ÊÎÍÖÅÏÒÓÀËÜÍÛÅ ÎÑÍÎÂÛ ÏÎÄÃÎÒÎÂÊÈ È ÏÐÅÄÑÒÀÂËÅÍÈß ÔÈÍÀÍÑÎÂÎÉ ÎÒ×ÅÒÍÎÑÒÈ ÊÀÊ ÎÑÍÎÂÀ ÑÈÑÒÅÌÛ ÌÅÆÄÓÍÀÐÎÄÍÛÕ ÑÒÀÍÄÀÐÒΠÔÈÍÀÍÑÎÂÎÉ ÎÒ×ÅÒÍÎÑÒÈ
...............................................................................................28
2.2. ÄÈÍÀÌÈ×ÅÑÊÀß ÌÎÄÅËÜ ÄÅÍÅÆÍÛÕ ÏÎÒÎÊΠÄËß ÏÐÎÅÊÒÀ ÑÎÇÄÀÍÈß ÒÐÀÍÑÏÎÐÒÍÎÉ ÊÎÌÏÀÍÈÈ Ñ ÍÅÎÏÐÅÄÅËÅÍÍÛÌ ÃÐÀÔÈÊÎÌ ÐÅÀËÈÇÀÖÈÈ
À...............................................................................................40
2.3. ÄÂÎÉÍÀß ÇÀÏÈÑÜ ÊÀÊ ÓÍÈÂÅÐÑÀËÜÍÛÉ ÌÅÒÎÄ ÌÎÄÅËÈÐÎÂÀÍÈß ÝÊÎÍÎÌÈ×ÅÑÊÈÕ ÎÒÍÎØÅÍÈÉ
, ......................................................................................49
2.4. ÔÎÐÌÀËÈÇÎÂÀÍÍÎÅ ÎÏÈÑÀÍÈÅ ÌÅÒÎÄΠÐÀÑ×ÅÒÎÂ
............................................................................................65
2.5. ÔÎÐÌÈÐÎÂÀÍÈÅ ÔÈÍÀÍÑÎÂÎÃÎ ÐÅÇÓËÜÒÀÒÀ ÁÞÄÆÅÒÍÛÕ Ó×ÐÅÆÄÅÍÈÉ
....................................................................................................76
2.6. ÀÍÀËÈÇ ÖÅËÅÂÎÉ ÑÁÀËÀÍÑÈÐÎÂÀÍÍÎÑÒÈ ÏÎÊÀÇÀÒÅËÅÉ ÇÀÒÐÀÒ ÆÈÂÎÃÎ È ÎÂÅÙÅÑÒÂËÅÍÍÎÃÎ ÒÐÓÄÀ  ÄÅßÒÅËÜÍÎÑÒÈ ÕÎÇßÉÑÒÂÓÞÙÅÃÎ ÑÓÁÚÅÊÒÀ
.....................................................................81
3. ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ....................................................................95
3.1. ÎÑÎÁÅÍÍÎÑÒÈ ÔÎÐÌÈÐÎÂÀÍÈß ÄÎÕÎÄÍÎÉ ×ÀÑÒÈ ÓÏÐÀÂËßÞÙÈÕ ÎÐÃÀÍÈÇÀÖÈÉ
.........................................................................................................................95
3.2. ÝÊÑÏÐÅÑÑ-ÀÍÀËÈÇ ÔÈÍÀÍÑÎÂÎÃÎ ÑÎÑÒÎßÍÈß ÏÐÅÄÏÐÈßÒÈß ÃÓÏ «ÀÏÒÅÊÀ»
Áîðèñêèíà ÈË..........................................................................................93
3.3. ÒÅÎÐÅÒÈ×ÅÑÊÈÅ ÎÑÍÎÂÛ ÀÍÀËÈÇÀ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÔÈÍÀÍÑÎÂÎ-ÕÎÇßÉÑÒÂÅÍÍÎÉ ÄÅßÒÅËÜÍÎÑÒÈ ÊÎÌÏÀÍÈÈ ÏÎ ÐÀÇÐÀÁÎÒÊÅ ÃÀ30Ê0ÍÄÅÍÑÀ ÒÍÛÕ ÌÅÑÒÎÐÎÆÄÅÍÈÉ
..................................................................................................103
3.4. ÒÅÎÐÅÒÈÊÎ-ÏÐÀÊÒÈ×ÅÑÊÈÅ ÀÑÏÅÊÒÛ Ó×ÅÒÍÎÃÎ ÎÒÐÀÆÅÍÈß ÎÒÄÅËÜÍÛÕ ÑÎÑÒÀÂËßÞÙÈÕ ÈÍÍÎÂÀÖÈÎÍÍÛÕ È ÝÊÎËÎÃÈ×ÅÑÊÈÕ ÇÀÒÐÀÒ ÕÎÇßÉÑÒÂÓÞÙÅÃÎ ÑÓÁÚÅÊÒÀ
ÑàåíêîÊ. Ñ..................................................................................................121
3.5. ÏÐÎÁËÅÌÛ ÔÎÐÌÈÐÎÂÀÍÈß È ÐÀÇÂÈÒÈß ÁÞÐÎ ÊÐÅÄÈÒÍÛÕ ÈÑÒÎÐÈÉ
, ..................................................................................138
3.6. Ê ÂÎÏÐÎÑÓ ÏÎÂÛØÅÍÈß ÊÎÍÊÓÐÅÍÒÎÑÏÎÑÎÁÍÎÑÒÈ ÐÅÃÈÎÍÀ Â ÓÑËÎÂÈßÕ ÍÅÑÒÀÁÈËÜÍÎÉ ÝÊÎÍÎÌÈÊÈ
......................................................................................................146
3.7. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÌÎÄÅËÅÉ ÓÏÐÀÂËÅÍÈß ËÎÃÈÑÒÈ×ÅÑÊÈÌÈ ÔÈÍÀÍÑÎÂÛÌÈ ÏÎÒÎÊÀÌÈ ÊÎÐÏÎÐÀÖÈÈ
, ...............................................................................163
4. ÎÁÙÈÉ ÀÓÄÈÒ..................................................................................177
4.1. ÝÊÎÍÎÌÈ×ÅÑÊÀß ÓÑÒÎÉ×ÈÂÎÑÒÜ ÌÀËÎÃÎ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÒÂÀ È ÌÅÒÎÄÈ×ÅÑÊÈÅ ÏÎÄÕÎÄÛ Ê ÅÅ ÎÖÅÍÊÅ
............................................................................177
4.2. ÐÀÎ «ÅÝÑ» ÄÎ ÐÀÇÄÅËÅÍÈß
.........................................................................................181
4.3. ÌÅÆÄÓÍÀÐÎÄÍÎÅ ÄÂÈÆÅÍÈÅ ÊÀÏÈÒÀËÀ Â ÃËÎÁÀËÜÍÎÉ ÝÊÎÍÎÌÈÊÅ
ÞíóñîâË. À.........................................................................................189
5. ÁÀÍÊÎÂÑÊÈÉ ÀÓÄÈÒ.......................................................................210
5.1. ÎÑÎÁÅÍÍÎÑÒÈ ÏÐÎÍÈÊÍÎÂÅÍÈß ÈÍÎÑÒÐÀÍÍÛÕ ÁÀÍÊÎÂ
ÕìûçÎ. Â...................................................................................................210
5.2. ÊÐÅÄÈÒÎÂÀÍÈÅ ÏÎÄ ÇÀËÎÃ ÄÅÁÈÒÎÐÑÊÎÉ ÇÀÄÎËÆÅÍÍÎÑÒÈ ÌÀËÛÕ ÏÐÅÄÏÐÈßÒÈÉ ÊÀÊ ÓÑËÎÂÈÅ ÐÀÇÂÈÒÈß ÈÕ ÔÈÍÀÍÑÎÂÎÃÎ ÏÎÒÅÍÖÈÀËÀ
...................................................................................................218
5.3. ÈÑÏÎËÜÇÎÂÀÍÈÅ ÌÅÆÄÓÍÀÐÎÄÍÎÃÎ ÎÏÛÒÀ ÌÈÍÈÌÈÇÀÖÈÈ ÐÈÑÊÎÂ Â ÐÎÑÑÈÉÑÊÎÌ ÁÀÍÊÎÂÑÊÎÌ ÑÅÊÒÎÐÅ
......................................................................................................222
5.4. ÑÐÀÂÍÈÒÅËÜÍÛÉ ÈËÈ ÐÛÍÎ×ÍÛÉ ÏÎÄÕÎÄ Â ÎÖÅÍÊÅ ÑÒÎÈÌÎÑÒÈ ÊÎÌÌÅÐ×ÅÑÊÎÃÎ ÁÀÍÊÀ
........................................................................................226
5.5. ÑÎÂÐÅÌÅÍÍÛÅ ÀÑÏÅÊÒÛ ÏÎÂÛØÅÍÈß ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÄÅßÒÅËÜÍÎÑÒÈ ÁÀÍÊΠÍÀ ÐÎÇÍÈ×ÍÎÌ ÐÛÍÊÅ (ÐÎÑÑÈÉÑÊÈÉ È ÇÀÐÓÁÅÆÍÛÉ ÎÏÛÒ)
.............................................................................................236
6. ÑÒÐÀÕÎÂÎÉ ÀÓÄÈÒ.........................................................................276
6.1. ÑÒÐÀÕÎÂÀÍÈÅ ÊÀÊ ÌÅÒÎÄ ÓÏÐÀÂËÅÍÈß ÄÅÁÈÒÎÐÑÊÎÉ
ÇÀÄÎËÆÅÍÍÎÑÒÜÞ ÎÐÃÀÍÈÇÀÖÈÉ
ÂîéêîÀ. Â............................................................................................276
6.2. ÌÅÐÛ ÏÎ ÑÍÈÆÅÍÈÞ ÐÈÑÊÎÂ ÑÒÐÀÕÎÂÛÕ ÊÎÌÏÀÍÈÉ
.............................................................................................280
7. ÂÍÓÒÐÅÍÈÉ ÀÓÄÈÒ..........................................................................285
7.1. ÊÀ×ÅÑÒÂÅÍÍÛÅ ÕÀÐÀÊÒÅÐÈÑÒÈÊÈ È ÀÍÀËÈÒÈ×ÅÑÊÈÅ ÊÐÈÒÅÐÈÈ ÎÖÅÍÊÈ ÐÅÇÓËÜÒÀÒÈÂÍÎÑÒÈ ÁÈÇÍÅÑÀ
..................................................................................285
ÓÏÐÀÂËÅÍÈÅ, ÂÛ×ÈÑËÈÒÅËÜÍÀß ÒÅÕÍÈÊÀ È ÈÍÔÎÐÌÀÒÈÊÀ
8. ÏÐÎÁËÅÌÛ ÈÍÂÅÑÒÈÐÎÂÀÍÈß...................................................294
8.1. ÑÐÀÂÍÅÍÈÅ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÏÐÈÌÅÍÅÍÈß ÌÅÒÎÄΠÏÐßÌÎÉ È ÊÎÑÂÅÍÍÎÉ ÏÎÄÄÅÐÆÊÈ ÏÐÅÄÏÐÈßÒÈÉ ÌÀËÎÃÎ ÁÈÇÍÅÑÀ
.............................................................................................294
8.2. ÎÁ ÀÊÒÓÀËÜÍÛÕ ÏÐÎÁËÅÌÀÕ È ÎÑÎÁÅÍÍÎÑÒßÕ ÌÅÆÄÓÍÀÐÎÄÍÎÃÎ ÔÈÍÀÍÑÈÐÎÂÀÍÈß ÈÍÂÅÑÒÈÖÈÎÍÍÛÕ ÏÐÎÅÊÒÎÂ
, ..............................................................................306
8.3. ÂËÈßÍÈÅ ÍÅÔÓÍÄÀÌÅÍÒÀËÜÍÛÕ ÔÀÊÒÎÐΠÑÎÇÄÀÍÈß ÑÒÎÈÌÎÑÒÈ ÍÀ ÈÍÂÅÑÒÈÖÈÎÍÍÎÅ ÏÎÂÅÄÅÍÈÅ ÊÎÌÏÀÍÈÉ ÐÎÑÑÈÉÑÊÎÃÎ ÐÛÍÊÀ
............................................................................................315
8.4. ÈÍÂÅÑÒÈÖÈÎÍÍÀß ÏÎËÈÒÈÊÀ ÐÎÑÑÈÈ: ÑÎÑÒÎßÍÈÅ È ÏÅÐÑÏÅÊÒÈÂÛ ÐÀÇÂÈÒÈß
...................................................................................323
8.5. Ó×ÅÒ ÍÅÒÎ×ÍÎÑÒÈ ÏÀÐÀÌÅÒÐΠ ÇÀÄÀ×Å ÀÍÀËÈÇÀ ÈÍÂÅÑÒÈÖÈÎÍÍÎÃÎ ÏÐÎÅÊÒÀ ÏÎ ÏÐÎÈÇÂÎÄÑÒÂÓ ÀÂÒÎÌÎÁÈËÅÉ
...............................................................................................................332
8.6. ÔÈÍÀÍÑÎÂÛÉ ÊÐÈÇÈÑ Â ÑØÀ
......................................................................................344
8.7. ÝÊÎÍÎÌÈ×ÅÑÊÈÉ
ÀÍÀËÈÇ ÍÀÄÅÆÍÎÑÒÈ ÈÍÍÎÂÀÖÈÎÍÍÎÃÎ ÐÀÇÂÈÒÈß ÐÅÃÈÎÍÎÂ ÐÎÑÑÈÈ
, ................................................................................347
9. ÌÅÍÅÄÆÌÅÍÒ È ÌÀÐÊÅÒÈÍÃ........................................................360
9.1. ÒÅÎÐÅÒÈÊÎ-ÌÅÒÎÄÎËÎÃÈ×ÅÑÊÈÅ ÎÑÍÎÂÛ ÓÏÐÀÂËÅÍÈß ÒÎÂÀÐÎÄÂÈÆÅÍÈÅÌ ÍÅÔÒÅÏÐÎÄÓÊÒÎÂ
ÒåóíàåâÄ. Ì............................................................................................360
9.2. ÎÏÛÒ ÈÑÏÎËÜÇÎÂÀÍÈß ÑÒÐÀÒÅÃÈ×ÅÑÊÎÃÎ ÌÀÐÊÅÒÈÍÃÎÂÎÃÎ ÀÍÀËÈÇÀ ÄËß ÏÐÅÄÏÐÈßÒÈÉ ÏÑÊÎÂÑÊÎÉ ÎÁËÀÑÒÈ
Åãîðîâà ÑÅ......................................................................................................364
9.3. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ Ó×ÅÒÀ
................................................................................................379
10. ÁÈÇÍÅÑ-ÐÅÈÍÆÈÍÈÐÈÍÃ............................................................423
10.1. ÊÎÍÖÅÏÒÓÀËÜÍÛÅ ÎÑÍÎÂÛ ÓÏÐÀÂËÅÍÈß ÏÀÐÀÌÅÒÐÀÌÈ ÑÒÎÈÌÎÑÒÈ ÏÐÅÄÏÐÈßÒÈß
...................................................................................................423
10.2. ÑÏÅÖÈÔÈÊÀ ÌÎÄÅËÈÐÎÂÀÍÈß ÐÛÍÊÀ ÝÍÅÐÃÎÍÎÑÈÒÅËÅÉ Â ÊÎÍÒÅÊÑÒÅ ÎÁÅÑÏÅ×ÅÍÈß ÄÈÍÀÌÈ×ÅÑÊÎÉ ÓÑÒÎÉ×ÈÂÎÑÒÈ ÂÎÑÏÐÎÈÇÂÎÄÑÒÂÅÍÍÛÕ ÏÐÎÖÅÑÑÎÂ
...........................................................................................428
10.3. ÎÏÒÈÌÀËÜÍÀß ÒÐÀÍÑÏÎÐÒÍÀß ÏÀÐÒÈß ÓÄÀËÅÍÈß ÎÒÕÎÄÎÂ: ÝÊÎËÎÃÎ-ÝÊÎÍÎÌÈ×ÅÑÊÎÅ ÌÎÄÅËÈÐÎÂÀÍÈÅ
, , ....................................431
10.4. ÎÒ ÐÅÈÍÆÈÍÈÐÈÍÃÀ ÁÈÇÍÅÑ-ÏÐÎÖÅÑÑÎÂ Ê ÓÏÐÀÂËÅÍÈÞ ÇÍÀÍÈßÌÈ Â ÊÐÅÄÈÒÍÎÉ ÎÐÃÀÍÈÇÀÖÈÈ: ÀÍÀËÈÇ ÏÐÎÄÓÊÒÈÂÍÎÑÒÈ ÈÍÔÎÐÌÀÖÈÎÍÍÛÕ ÑÈÑÒÅÌ ÄËß ÁÈÇÍÅÑÀ
ÍàçèïîâÄ. À................................................................................................436
10.5. ÐÅÃÓËÈÐÎÂÀÍÈÅ ÔÈÍÀÍÑÎÂÛÕ ÏÎÒÎÊÎÂ ÄÅÏÐÅÑÑÈÂÍÛÕ ÐÅÃÈÎÍÎÂ (ÍÀ ÏÐÈÌÅÐÅ ÊÀÁÀÐÄÈÍÎ-ÁÀËÊÀÐÑÊÎÉ ÐÅÑÏÓÁËÈÊÈ)
, ................................................................................446
10.6. ÌÅÒÎÄÎËÎÃÈß ÀÍÀËÈÇÀ ÁÞÄÆÅÒÀ ÏÐÈÃÐÀÍÈ×ÍÎÃÎ ÐÅÃÈÎÍÀ (ÍÀ ÏÐÈÌÅÐÅ ÑÓÁÚÅÊÒΠÐÔ ÄÀËÜÍÅÂÎÑÒÎ×ÍÎÃÎ
ÔÅÄÅÐÀËÜÍÎÃÎ ÎÊÐÓÃÀ)
.............................................................................................452
10.7. ÎÑÎÁÅÍÍÎÑÒÈ ÑÎÖÈÀËÜÍÎ-ÝÊÎÍÎÌÈ×ÅÑÊÎÃÎ ÐÀÇÂÈÒÈß ÐÅÃÈÎÍÀ  ÓÑËÎÂÈßÕ ÍÅÑÒÀÁÈËÜÍÎÉ ÝÊÎÍÎÌÈÊÈ
, ............................................................................460
ÒÐÅÁÎÂÀÍÈß Ê ÌÀÒÅÐÈÀËÀÌ, ÏÐÅÄÑÒÀÂËßÅÌÛÌ Â ÆÓÐÍÀË «ÀÓÄÈÒ È ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ»
...................................................................................484
¹ 3 2008 ã.
ÝÊÎÍÎÌÈÊÀ
1. ÍÀËÎÃÎÎÁËÎÆÅÍÈÅ È ÔÈÍÀÍÑÎÂÛÉ ÊÎÍÒÐÎËÜ..........................7
1.1. ÊÎÍÖÅÏÖÈß ÏÐÎÖÅÑÑÍÎÃÎ ÓÏÐÀÂËÅÍÈß ÃÎÑÓÄÀÐÑÒÂÅÍÍÛÌ
ÔÈÍÀÍÑÎÂÛÌ ÊÎÍÒÐÎËÅÌ
È, , Þ..........................................................7
1.2. ÏÅÐÑÏÅÊÒÈÂÍÎÅ ÔÈÍÀÍÑÎÂÎÅ ÏËÀÍÈÐÎÂÀÍÈÅ ÍÀ ÑÎÂÐÅÌÅÍÍÎÌ ÝÒÀÏÅ
...................................................................................................17
2. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ ÓרÒÀ È ÀÓÄÈÒÀ...........21
2.1. ÕÀÐÀÊÒÅÐÈÑÒÈÊÀ ÔÈÍÀÍÑÎÂÎ-ÝÊÎÍÎÌÈ×ÅÑÊÈÕ ÏÎÊÀÇÀÒÅËÅÉ ÐÀÇÂÈÒÈß ÌÀËÛÕ ÏÐÅÄÏÐÈßÒÈÉ
.............................................................................................21
3. ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ..........................................................................31
3.1. ÀÍÀËÈÒÈ×ÅÑÊÈÉ ÈÍÑÒÐÓÌÅÍÒÀÐÈÉ ÓÏÐÀÂËÅÍÈß ÊÎÍÊÓÐÅÍÒÎÑÏÎÑÎÁÍÎÑÒÜÞ ÑÒÐÎÈÒÅËÜÍÎÉ ÎÐÃÀÍÈÇÀÖÈÈ
Ñàâåëüåâà ÍÀ., ........................................................................31
3.2. ÝÑÑÅ Î ÊÐÈÇÈÑÅ: ÑÊÐÛÒÛÉ ÊÐÈÇÈÑ
ÃóáèíÂ. À..................................................................................................37
3.3. ÎÖÅÍÊÀ ÐÎÇÍÈ×ÍÎÃÎ ÏÎÐÒÔÅËß: ÊÎËËÅÊÒÎÐÑÊÈÉ ÀÓÄÈÒ
ÄîâãèéÍ. Â................................................................................................42
3.4. ÌÅÒÎÄÈÊÀ ÀÍÀËÈÇÀ ÝÔÔÅÊÒÀ ÑÎÏÐ߯ÅÍÍÎÃÎ ÐÛ×ÀÃÀ ÏÎ ÄÀÍÍÛÌ ÔÈÍÀÍÑÎÂÎÉ ÎÒ×ÅÒÍÎÑÒÈ
Êîãäåíêî ÂÒ..............................................................................................44
3.5. ÓÏÐÀÂËÅÍÈÅ ÏÎÐÒÔÅËßÌÈ ÏÐÎÅÊÒΠÊÎÌÏÀÍÈÈ
................................................................................................53
3.6. ÈÍÒÅËËÅÊÒÓÀËÈÇÀÖÈß ÒÐÓÄÀ Â ÑÈÑÒÅÌÅ ÏÐÎÈÇÂÎÄÑÒÂÅÍÍÛÕ ÎÒÍÎØÅÍÈÉ
, ............................................................................................................................63
3.7. ÎÐÃÀÍÈÇÀÖÈß ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ Ó×ÅÒÀ ÍÀ ÏÐÅÄÏÐÈßÒÈßÕ ÑÔÅÐÛ ÓÑËÓÃ Ñ ÈÑÏÎËÜÇÎÂÀÍÈÅÌ ÑÈÒÓÀÖÈÎÍÍÎÃÎ ÌÎÄÅËÈÐÎÂÀÍÈß
.........................................................................................................74
3.8. ÂÎÇÄÅÉÑÒÂÈÅ ÐÛÍÎ×ÍÎÉ ÑÒÐÀÒÅÃÈÈ ÍÀ ÏÐÈÁÛËÜ
................................................................................................82
3.9. ÌÅÒÎÄÈ×ÅÑÊÈÅ ÏÎÄÕÎÄÛ Ê ÎÖÅÍÊÅ ÁÞÄÆÅÒÍÛÕ ÏÎÒÅÐÜ ÎÒ ÄÎÐÎÆÍÎ-ÒÐÀÍÑÏÎÐÒÍÛÕ ÏÐÎÈÑØÅÑÒÂÈÉ
.........................................................................................84
4. ÎÁÙÈÉ ÀÓÄÈÒ..........................................................................................89
4.1. ÎÖÅÍÊÀ ÀÓÄÈÒÎÐÑÊÎÃÎ ÐÈÑÊÀ ÏÐÈ ÏÐÎÂÅÐÊÅ ÑÅÐÂÈÑÍÛÕ ÖÅÍÒÐÎÂ
ÁÛÒÎÂÎÃÎ ÎÁÑËÓÆÈÂÀÍÈß ÍÀÑÅËÅÍÈß
ÄðîêèíàÍ. Â.......................................................................................................89
4.2. ÌÎÄÅËÜ ÝÊÎÍÎÌÈ×ÅÑÊÎÉ ÄÈÍÀÌÈÊÈ Ñ Ó×ÅÒÎÌ ÐÀÑÏÐÅÄÅËÅÍÈß ÔÈÐÌ ÏÎ ÐÀÇÌÅÐÀÌ È ÇÀÐÀÁÎÒÍÛÌ ÏËÀÒÀÌ È ÐÀÑÏÐÅÄÅËÅÍÈß ÐÀÁÎÒÍÈÊΠÏÎ
ÍÀÊÎÏËÅÍÍÛÌ ÀÊÒÈÂÀÌ È ÇÀÐÀÁÎÒÍÛÌ ÏËÀÒÀÌ
.......................................................................................96
4.3. ÌÅÒÎÄÎËÎÃÈß ÄÎËÃÎÑÐÎ×ÍÎÃÎ ÏËÀÍÈÐÎÂÀÍÈß ÇÀÌÅÍÛ ÎÁÎÐÓÄÎÂÀÍÈß ÏÐÅÄÏÐÈßÒÈß Ñ Ó×ÅÒÎÌ ÅÃÎ ÍÀÄÅÆÍÎÑÒÈ ÍÀ
ÄÈÍÀÌÈ×ÅÑÊÎÉ ÌÎÄÅËÈ
..............................................................................................104
4.4. ÑÏÅÖÈÔÈÊÀ ÎÐÃÀÍÈÇÀÖÈÎÍÍÎ-ÝÊÎÍÎÌÈ×ÅÑÊÎÃÎ ÌÅÕÀÍÈÇÌÀ ÐÅÑÒÐÓÊÒÓÐÈÇÀÖÈÈ ÕÎÇßÉÑÒÂÓÞÙÈÕ ÑÒÐÓÊÒÓÐ ÍÅÔÒÅÏÐÎÄÓÊÒÎÂÎÃÎ
ÊÎÌÏËÅÊÑÀ
ÒåóíàåâÄ. Ì.........................................................................................108
4.5. ÌÅÆÄÓÍÀÐÎÄÍÎÅ ÄÂÈÆÅÍÈÅ ÊÀÏÈÒÀËÀ Â ÃËÎÁÀËÜÍÎÉ ÝÊÎÍÎÌÈÊÅ
ÞíóñîâË. À.....................................................................................................112
5. ÁÀÍÊÎÂÑÊÈÉ ÀÓÄÈÒ.............................................:...............................132
5.1. ÑÎÂÐÅÌÅÍÍÛÅ ÀÑÏÅÊÒÛ ÏÎÂÛØÅÍÈß ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÄÅßÒÅËÜÍÎÑÒÈ ÁÀÍÊΠÍÀ ÐÎÇÍÈ×ÍÎÌ ÐÛÍÊÅ (ÐÎÑÑÈÉÑÊÈÉ È
ÇÀÐÓÁÅÆÍÛÉ ÎÏÛÒ)
................................................................................................132
5.2. ÔÎÐÌÈÐÎÂÀÍÈÅ ÑÈÑÒÅÌÛ ÃÈÁÊÎÃÎ ÐÀÇÂÈÒÈß ÊÐÅÄÈÒÍÛÕ ÑÎÞÇÎÂ ÐÎÑÑÈÈ
, ..................................................................142
7. ÂÍÓÒÐÅÍÈÉ ÀÓÄÈÒ................................................................................154
7.1. ÒÅÎÐÅÒÈ×ÅÑÊÈÅ È ÌÅÒÎÄÎËÎÃÈ×ÅÑÊÈÅ ÎÑÍÎÂÛ ÎÐÃÀÍÈÇÀÖÈÈ
ÂÍÓÒÐÅÍÍÅÃÎ ÀÓÄÈÒÀ  ÊÎÌÌÅÐ×ÅÑÊÎÌ ÁÀÍÊÅ
îãëû......................................................................154
7.2. ÌÀÒÅÌÀÒÈ×ÅÑÊÎÅ ÌÎÄÅËÈÐÎÂÀÍÈÅ ÑÒÀÒÈÑÒÈÊ ÔÈÍÀÍÑÎÂÛÕ ÄÀÍÍÛÕ È ÈÕ ÝÌÏÈÐÈ×ÅÑÊÈÕ ÐÀÑÏÐÅÄÅËÅÍÈÉ
..........................................................................................159
7.3. ÌÅÒÎÄÎËÎÃÈ×ÅÑÊÈÅ ÏÎÄÕÎÄÛ Ê ÏÎÝÒÀÏÍÎÉ ÏÎÑÒÀÍÎÂÊÅ ÑÈÑÒÅÌÛ
ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ Ó×ÅÒÀ  ÀÃÐÎÕÎËÄÈÍÃÀÕ
.....................................................................................169
7.4. ÊÎÍÖÅÏÒÓÀËÜÍÛÅ ÎÑÍÎÂÛ ÂÍÓÒÐÅÍÍÅÃÎ ÀÓÄÈÒÀ, ÅÃÎ
ÎÐÃÀÍÈÇÀÖÈÎÍÍÛÅ ÌÎÄÅËÈ È ÐÅÃËÀÌÅÍÒÛ ÄËß ÌÀËÎÃÎ ÁÈÇÍÅÑÀ
ØîõíåõÀ. Â....................................................................................212
ÓÏÐÀÂËÅÍÈÅ, ÂÛ×ÈÑËÈÒÅËÜÍÀß ÒÅÕÍÈÊÀ È ÈÍÔÎÐÌÀÒÈÊÀ
8. ÏÐÎÁËÅÌÛ ÈÍÂÅÑÒÈÐÎÂÀÍÈß........................................................221
8.1. ÑÏÅÖÈÔÈÊÀ ÏÐÎÁËÅÌÛ ÓÏÐÀÂËÅÍÈß ×ÅËÎÂÅ×ÅÑÊÈÌÈ ÐÅÑÓÐÑÀÌÈ È ÏÓÒÈ ÅÅ ÐÅØÅÍÈß Â óñëîâèÿõ ðûíêà òðóäà ðåêðåàöèîííîãî ðåãèîíà
, , ...............................................221
8.2. ÝÊÎÍÎÌÈ×ÅÑÊÈÉ ÀÍÀËÈÇ ÍÀÄÅÆÍÎÑÒÈ ÈÍÍÎÂÀÖÈÎÍÍÎÃÎ ÐÀÇÂÈÒÈß ÐÅÃÈÎÍΠÐÎÑÑÈÈ
, ....................................................225
8.3. ÏÐÎÁËÅÌÛ ÒÐÀÍÑÔÎÐÌÀÖÈÈ ÈÌÓÙÅÑÒÂÅÍÍÎÃÎ ÊÎÌÏËÅÊÑÀ
ÃÎÑÓÄÀÐÑÒÂÅÍÍÛÕ ÓÍÈÒÀÐÍÛÕ ÏÐÅÄÏÐÈßÒÈÉ
ÇâîðîíîÀ. Ô.......................................................................245
8.4. ÑÎÖÈÀËÜÍÛÅ ÎÁßÇÀÒÅËÜÑÒÂÀ ÃÎÑÓÄÀÐÑÒÂÀ È ÈÕ ÔÈÍÀÍÑÎÂÎÅ ÎÁÅÑÏÅ×ÅÍÈÅ
ÌàðçàåâÀ. Â............................................................................250
8.5. ÁÞÄÆÅÒÍÎÅ ÔÈÍÀÍÑÈÐÎÂÀÍÈÅ ÎÒÐÀÑËÅÉ ÑÎÖÈÀËÜÍÎÉ ÑÔÅÐÛ Â ÐÎÑÑÈÉÑÊÎÉ ÔÅÄÅÐÀÖÈÈ
, ..........................................................................256
8.6. ÏÐÈÌÅÍÅÍÈÅ ÀÐÁÈÒÐÀÆÀ È ÏÑÅÂÄÎÀÐÁÈÒÐÀÆÀ ÍÀ ÐÛÍÊÀÕ ÀÊÖÈÉ Â
ÐÎÑÑÈÈ
.........................................................................................260
8.7. ÈÑÑËÅÄÎÂÀÍÈÅ ÏÐÎÖÅÑÑÎÂ ÔÈÍÀÍÑÎÂÎÉ ÈÍÒÅÃÐÀÖÈÈ ÐÎÑÑÈÉÑÊÎÃÎ È ÓÊÐÀÈÍÑÊÎÃÎ ÔÎÍÄÎÂÛÕ ÐÛÍÊÎÂ ÍÀ ÎÑÍÎÂÅ ÏÐÈÌÅÍÅÍÈß ÊÎÈÍÒÅÃÐÀÖÈÎÍÍÎÃÎ ÌÅÒÎÄÀ
..................................................................................................275
8.8. ÝÊÎÍÎÌÈ×ÅÑÊÈÉ ÏÎÒÅÍÖÈÀË ÌÀËÎÃÎ ÏÐÅÄÏÐÈßÒÈß È ÌÅÒÎÄÈÊÀ ÅÃÎ
ÎÖÅÍÊÈ
......................................................................................281
8.9. ÐÀÇÐÀÁÎÒÊÀ ÈÍÂÅÑÒÈÖÈÎÍÍÛÕ ÑÒÐÀÒÅÃÈÉ È ÑÒÎÈÌÎÑÒÍÎÉ ÏÎÄÕÎÄ Ê ÑÒÐÀÒÅÃÈ×ÅÑÊÎÌÓ ÐÀÇÂÈÒÈÞ ÏÐÅÄÏÐÈßÒÈß
........................................................................................285
9. ÌÅÍÅÄÆÌÅÍÒ È ÌÀÐÊÅÒÈÍÃ..............................................................294
9.1. ÎÑÍÎÂÍÛÅ ÏÎËÎÆÅÍÈß È ÎÑÎÁÅÍÍÎÑÒÈ ÑÎÂÐÅÌÅÍÍÎÃÎ ÌÀÐÊÅÒÈÍÃÀ
...................................................................................294
9.2. ÀÍÀËÈÇ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÃÎ ÐÅÃÓËÈÐÎÂÀÍÈß ÊÀ×ÅÑÒÂÀ ÒÎÐÃÎÂÎÃÎ ÎÁÑËÓÆÈÂÀÍÈß ÍÀÑÅËÅÍÈß
ÑàëèåâØ. À............................................................................................308
9.3. ÎÖÅÍÊÀ ÑÒÐÎÈÒÅËÜÍÎÉ ÏÐÎÄÓÊÖÈÈ Â ÑÈÑÒÅÌÅ ÌÅÍÅÄÆÌÅÍÒÀ
ÊÀ×ÅÑÒÂÀ
Ñàâåëüåâà ÍÀ., ................................................................312
9.4. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ Ó×ÅÒÀ
..........................................................................................319
10. ÁÈÇÍÅÑ-ÐÅÈÍÆÈÍÈÐÈÍÃ..................................................................382
10.1. ÐÀÇÂÈÒÈÅ ÔÈÍÀÍÑÎÂÛÕ ÌÅÕÀÍÈÇÌÎÂ, ÑÏÎÑÎÁÑÒÂÓÞÙÈÕ ÊÎÌÌÅÐÖÈÀËÈÇÀÖÈÈ ÈÍÍÎÂÀÖÈÎÍÍÛÕ ÒÅÕÍÎËÎÃÈÉ
...................................................................................382
10.2. «ÃÎÑÓÄÀÐÑÒÂÅÍÍÀß» ÐÅÂÎËÞÖÈß È ÏÐÈÂÀÒÈÇÀÖÈß Â ÐÎÑÑÈÈ
............................................................................................392
10.3. ÑÎÂÐÅÌÅÍÍÎÅ ÑÎÑÒÎßÍÈÅ ÑÅÒÅÂÎÃÎ ÁÈÇÍÅÑÀ  ÒÎÐÃÎÂËÅ È
ÓÑËÎÂÈß ÑÒÐÀÒÅÃÈ×ÅÑÊÎÃÎ ÐÀÇÂÈÒÈß
.......................................................................................................395
10.4. ÀÍÀËÈÇ ÎÐÃÀÍÈÇÀÖÈÎÍÍÎ-ÒÅÕÍÈ×ÅÑÊÎÃÎ ÓÐÎÂÍß ÑÒÐÎÈÒÅËÜÍÎÃÎ
ÏÐÅÄÏÐÈßÒÈß
...............................................................................................399
10.5. ÑÎÑÒÎßÍÈÅ È ÏÅÐÑÏÅÊÒÈÂÛ ÍÀÖÈÎÍÀËÜÍÎÉ ÏÐÎÃÐÀÌÌÛ
«ÄÎÑÒÓÏÍÎÅ ÆÈËÜÅ»
, .................................................................411
10.6. ÌÅÒÎÄÈ×ÅÑÊÈÅ ÎÑÍÎÂÛ ÔÎÐÌÈÐÎÂÀÍÈß ÐÅÃÈÎÍÀËÜÍÛÕ ÏÐÎÃÐÀÌÌ ÐÀÇÂÈÒÈß È ÏÎÄÄÅÐÆÊÈ ÌÀËÎÃÎ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÒÂÀ
................................................................................................419
10.7. ÑÏÅÖÈÔÈ×ÅÑÊÈÅ ÑÂÎÉÑÒÂÀ ÌÀËÎÃÎ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÒÂÀ, ÎÁÅÑÏÅ×ÈÂÀÞÙÈÅ ÇÀÍßÒÎÑÒÜ ÍÀÑÅËÅÍÈß
..............................................................................................................424
10.8. ÏÐÈÌÅÍÅÍÈÅ ÏÐÎÖÅÑÑÍÎÃÎ ÏÎÄÕÎÄÀ Â ÊÎÍÒÅÊÑÒÅ ÈÑÏÎËÜÇÎÂÀÍÈß ÇÀÐÓÁÅÆÍÎÃÎ ÎÏÛÒÀ ÄËß ÀÊÒÈÂÈÇÀÖÈÈ ÈÍÂÅÑÒÈÖÈÎÍÍÛÕ ÏÐÎÖÅÑÑÎÂ Â ÐÎÑÑÈÉÑÊÈÕ ÐÅÃÈÎÍÀÕ
.................................................................................................438
10.9. Ó×ÀÑÒÈÅ Â ÀÔÁÐ ÊÀÊ ÍÎÂÀß ÔÎÐÌÀ ÈÍÒÅÍÑÈÔÈÊÀÖÈÈ ÌÅÆÄÓÍÀÐÎÄÍÎÃÎ ÝÊÎÍÎÌÈ×ÅÑÊÎÃÎ ÑÎÒÐÓÄÍÈ×ÅÑÒÂÀ ÐÎÑÑÈÉÑÊÎÉ ÔÅÄÅÐÀÖÈÈ Ñ ÐÀÇÂÈÂÀÞÙÈÌÈÑß ÑÒÐÀÍÀÌÈ
ÊëèøèíÂ. Â................................................................................................449
10.10. ÂÀËÞÒÍÀß ÏÎËÈÒÈÊÀ ÐÎÑÑÈÈ È ÄÈÍÀÌÈÊÀ ÅÅ ÂÍÅØÍÅÉ ÒÎÐÃÎÂËÈ
.....................................................................................................454
10.11. ÝÒÀÏÛ ÐÅÔÎÐÌÈÐÎÂÀÍÈß ÏÅÍÑÈÎÍÍÎÉ ÑÈÑÒÅÌÛ ÐÎÑÑÈÈ
..............................................................................................461
10.12. ÑÈÑÒÅÌÀ ÑÒÐÀÒÅÃÈ×ÅÑÊÈÕ ÎÐÈÅÍÒÈÐÎÂ È ÏÅÐÑÏÅÊÒÈÂÛ ÐÀÇÂÈÒÈß ÍÅÔÒÅÃÀÇÎÂÎÃÎ ÊÎÌÏËÅÊÑÀ
........................................................................................465
11. ÂÛ×ÈÑËÈÒÅËÜÍÀß ÒÅÕÍÈÊÀ È ÈÍÔÎÐÌÀÒÈÊÀ.........................472
11.1. ÀÂÒÎÌÀÒÈÇÀÖÈß ÀÓÄÈÒÀ ÊÎÍÑÎËÈÄÈÐÎÂÀÍÍÎÉ È ÑÅÃÌÅÍÒÍÎÉ
ÎÒ×ÅÒÍÎÑÒÈ È ÎÑÍÎÂÍÛÅ ÍÀÏÐÀÂËÅÍÈß ÅÅ ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈß
...............................................................................................472
11.2. ÑÈÑÒÅÌÀ ÀÍÀËÈÒÈ×ÅÑÊÈÕ ÒÐÈÃÃÅÐΠÊÀÊ ÈÍÑÒÐÓÌÅÍÒ
ÀÍÒÈÊÐÈÇÈÑÍÎÃÎ ÓÏÐÀÂËÅÍÈß
×àÿÂ. Ò............................................................................................477
ÒÐÅÁÎÂÀÍÈß Ê ÌÀÒÅÐÈÀËÀÌ, ÏÐÅÄÑÒÀÂËßÅÌÛÌ Â ÆÓÐÍÀË «ÀÓÄÈÒ È ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ»
.........................................................................................484
¹ 4 2008 ã.
ÝÊÎÍÎÌÈÊÀ
1. ÍÀËÎÃÎÎÁËÎÆÅÍÈÅ È ÔÈÍÀÍÑÎÂÛÉ ÊÎÍÒÐÎËÜ..........................7
1.1. ÍÀËÎÃÎÂÛÅ ÊÎÍÑÓËÜÒÀÍÒÛ: ÇÀÐÓÁÅÆÍÛÉ ÎÏÛÒ ÂÇÀÈÌÎÄÅÉÑÒÂÈß Ñ ÍÀËÎÃÎÂÛÌÈ ÎÐÃÀÍÀÌÈ È ÏÐÀÂÎÂÎÅ ÐÅÃÓËÈÐÎÂÀÍÈÅ ÄÅßÒÅËÜÍÎÑÒÈ ..............................................................................................7
1.2. ÍÀËÎÃÎÂÛÅ ÑÈÑÒÅÌÛ ÔÅÄÅÐÀÒÈÂÍÛÕ ÃÎÑÓÄÀÐÑÒÂ: ÑÎÂÐÅÌÅÍÍÛÅ ÎÑÍÎÂÛ ÏÎÑÒÐÎÅÍÈß È ÍÀÏÐÀÂËÅÍÈß ÒÐÀÍÑÔÎÐÌÀÖÈÈ
ÊàáèðË. Ñ.....................................................................................................16
1.3. ÍÀËÎÃÎÂÀß ÍÀÃÐÓÇÊÀ È ÝÊÎÍÎÌÈ×ÅÑÊÈÉ ÐÎÑÒ Â ÐÎÑÑÈÉÑÊÈÕ ÐÅÃÈÎÍÀÕ
Ìåëüíè÷óê M. S., , .....................................................24
1.4. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÁÞÄÆÅÒÍÎÃÎ ÏÐÎÖÅÑÑÀ  ÐÎÑÑÈÉÑÊÎÉ ÔÅÄÅÐÀÖÈÈ ÊèðååâÂ. Ë....................................................................................31
1.5. ÐÀÇÂÈÒÈÅ ÂÇÀÈÌÎÎÒÍÎØÅÍÈÉ ÌÅÆÄÓ ÁÞÄÆÅÒÀÌÈ ÐÀÇËÈ×ÍÛÕ ÓÐÎÂÍÅÉ , ..................................................................41
1.6. ÎÖÅÍÊÀ ÍÀËÎÃÎÂÎÉ ÍÀÃÐÓÇÊÈ ÏÐÅÄÏÐÈßÒÈÉ
...............................................................................45
1.7. ÐÎËÜ ÍÀËÎÃÎÂÎÃÎ ÏËÀÍÈÐÎÂÀÍÈß ÍÀ ÓÐÎÂÍÅ ÕÎÇßÉÑÒÂÓÞÙÅÃÎ ÑÓÁÚÅÊÒÀ  ÑÎÂÐÅÌÅÍÍÛÕ ÓÑËÎÂÈßÕ
, ..........................................................................49
2. ÒÅÎÐÈß È ÏÐÀÊÒÈÊÀ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ ÓרÒÀ È ÀÓÄÈÒÀ...........57
2.1. ÓÑÈËÅÍÈÅ È ÐÅÀËÈÇÀÖÈß ÇÀÙÈÒÍÛÕ ÔÓÍÊÖÈÉ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ Ó×ÅÒÀ  ÏÐÎÖÅÑÑÅ ÑÓÄÅÁÍÎ-ÁÓÕÃÀËÒÅÐÑÊÎÉ ÝÊÑÏÅÐÒÈÇÛ
...............................................................................................57
2.2. ÏÎËÎÆÅÍÈÅ ÏÎ ÂÅÄÅÍÈÞ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ Ó×ÅÒÀ «Ó×ÅÒ ÍÅÌÀÒÅÐÈÀËÜÍÛÕ ÀÊÒÈÂλ (ÏÁÓ 14/2007): ÑÐÀÂÍÈÒÅËÜÍÛÉ ÀÍÀËÈÇ ÎÑÍÎÂÍÛÕ ÍÎÂÅËË
..................................................................................................64
2.3. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÌÅÒÎÄÈÊÈ ÁÓÕÃÀËÒÅÐÑÊÎÃÎ Ó×ÅÒÀ ÍÀ ÏÐÅÄÏÐÈßÒÈßÕ ÑÔÅÐÛ ÓÑËÓÃ
............................................................................................82
3. ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ..........................................................................93
3.1. ÎÏÒÈÌÈÇÀÖÈß ÏÐÎÖÅÑÑΠÏÅÐÅÐÀÁÎÒÊÈ ÊÎÍÒÅÉÍÅÐÍÛÕ ÃÐÓÇΠÍÀ ÎÑÍÎÂÅ ÒÅÕÍÈÊÎ-ÝÊÎÍÎÌÈ×ÅÑÊÈÕ ÊÐÈÒÅÐÈÅÂ
.........................................................................................93
3.2. ÑÎÁËÞÄÅÍÈÅ ÎÏÒÈÌÀËÜÍÛÕ ÑÐÎÊΠÑËÓÆÁÛ ÎÑÍÎÂÍÛÕ ÔÎÍÄΠ- ÂÀÆÍÛÉ ÔÀÊÒÎÐ ÏÎÂÛØÅÍÈß ÔÈÍÀÍÑÎÂÛÕ ÐÅÇÓËÜÒÀÒΠÄÅßÒÅËÜÍÎÑÒÈ ÕÎÇßÉÑÒÂÓÞÙÅÃÎ ÑÓÁÚÅÊÒÀ
................................................................................................100
3.3. ÏÎÍßÒÈÅ ÔÈÍÀÍÑΠÏÐÅÄÏÐÈßÒÈÉ Â ÎÁËÀÑÒÈ ÂÍÅØÍÅÝÊÎÍÎÌÈ×ÅÑÊÎÉ ÄÅßÒÅËÜÍÎÑÒÈ
...:.....................................................................................109
3.4. ÀÍÀËÈÇ ÄÈÍÀÌÈÊÈ ÄÎÁÀÂËÅÍÍÎÉ ÑÒÎÈÌÎÑÒÈ
................................................................................................117
3.5. ÀÍÀËÈÇ ÄÅßÒÅËÜÍÎÑÒÈ ÐÎÑÑÈÉÑÊÈÕ ÍÅÃÎÑÓÄÀÐÑÒÂÅÍÍÛÕ ÏÅÍÑÈÎÍÍÛÕ ÔÎÍÄÎÂ
.................................................................................................120
3.6. ÎÁ Ó×ÅÒÅ ÝÔÔÅÊÒÀ ÄÎËÃÎÂÎÉ ÍÀÃÐÓÇÊÈ Â ÐÀÑ×ÅÒÅ ÑÒÎÈÌÎÑÒÈ ÊÀÏÈÒÀËÀ È ÎÖÅÍÊÅ ÁÈÇÍÅÑÀ
..................................................................................................130
3.7. ÈÑÏÎËÜÇÎÂÀÍÈÅ ÌÅÕÀÍÈÇÌÎÂ ÔÎÍÄÎÂÎÃÎ ÐÛÍÊÀ ÄËß ÔÈÍÀÍÑÈÐÎÂÀÍÈß ÌÀËÛÕ È ÑÐÅÄÍÈÕ ÊÎÌÏÀÍÈÉ
................................................................................143
3.8. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÌÅÒÎÄΠÐÀÑÏÐÅÄÅËÅÍÈß ÇÀÒÐÀÒ Â ÊÎÌÏËÅÊÑÍÛÕ ÕÈÌÈ×ÅÑÊÈÕ ÏÐÎÈÇÂÎÄÑÒÂÀÕ
, ...........................................................150
3.9. ÑÒÐÀÒÅÃÈ×ÅÑÊÎÅ ÏËÀÍÈÐÎÂÀÍÈÅ ÝÊÎÍÎÌÈ×ÅÑÊÎÃÎ ÐÀÇÂÈÒÈß ÐÅÃÈÎÍÀ ÍÀ ÎÑÍÎÂÅ ÒÅÎÐÈÈ «ÏÎËÞÑΠÐÎÑÒÀ»
, ..........................................................................160
3.10. ÐÀÇÂÈÒÈÅ ÝÊÎÍÎÌÈ×ÅÑÊÈÕ ÌÅÒÎÄΠÓÏÐÀÂËÅÍÈß ÑÒÐÎÈÒÅËÜÍÎÉ ÎÐÃÀÍÈÇÀÖÈÅÉ
..............................................................................165
3.11. ÎÁÙÅÑÒÂÀ ÂÇÀÈÌÍÎÃÎ ÑÒÐÀÕÎÂÀÍÈß - ÈÑÒÎ×ÍÈÊ ÎÁÐÀÇÎÂÀÍÈß ÔÈÍÀÍÑÎÂÛÕ ÐÅÑÓÐÑΠÑÒÐÀÕÎÂÎÉ ÑÈÑÒÅÌÛ
.................................................................................174
3.12. ÎÖÅÍÊÀ ÊÐÅÄÈÒÍÎÃÎ ÊÀ×ÅÑÒÂÀ ÐÎÑÑÈÉÑÊÈÕ ÎÐÃÀÍÈÇÀÖÈÉ
......................................................................................181
3.13. ÄÈÍÀÌÈÊÀ ÖÅÍ ÍÀ ÀÂÒÎÁÅÍÇÈÍ Â ÈÂÀÍÎÂÑÊÎÉ ÎÁËÀÑÒÈ: ÑÒÀÒÈÑÒÈ×ÅÑÊÎÅ ÌÎÄÅËÈÐÎÂÀÍÈÅ
, ...................................................................194
3.14. ÒÅÎÐÅÒÈ×ÅÑÊÈÅ ÀÑÏÅÊÒÛ ÔÎÐÌÈÐÎÂÀÍÈß ÌÎÄÅËÈ ËÈÇÈÍÃÎÂÎÃÎ ÌÅÕÀÍÈÇÌÀ ................................................................................................201
3.15. ÝÊÎËÎÃÎ-ÝÊÎÍÎÌÈ×ÅÑÊÎÅ ÌÎÄÅËÈÐÎÂÀÍÈÅ ÄÅßÒÅËÜÍÎÑÒÈ ÏÐÅÄÏÐÈßÒÈÉ ÍÅÔÒÅÏÐÎÄÓÊÒÎÂÎÃÎ ÊÎÌÏËÅÊÑÀ
ÒåóíàåâÄ. Ì...................................................................................212
3.16. ÒÅÎÐÅÒÈÊÎ-ÌÅÒÎÄÎËÎÃÈ×ÅÑÊÈÉ ÀÑÏÅÊÒ ÝÊÎÍÎÌÈ×ÅÑÊÎÉ ÄÈÀÃÍÎÑÒÈÊÈ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÄÅßÒÅËÜÍÎÑÒÈ ÕÎÇßÉÑÒÂÓÞÙÅÃÎ ÑÓÁÚÅÊÒÀ (ÍÀ ÏÐÈÌÅÐÅ ÒÎÐÃÎÂÎÉ ÎÐÃÀÍÈÇÀÖÈÈ)
..............................................................................215
3.17. ÑÓÙÍÎÑÒÜ È ÌÅÒÎÄÈ×ÅÑÊÈÅ ÏÎÄÕÎÄÛ Ê ÎÖÅÍÊÅ ÐÛÍÎ×ÍÎÉ ÓÑÒÎÉ×ÈÂÎÑÒÈ ÌÀËÎÃÎ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÒÂÀ
......................................................................223
3.18. ÂËÈßÍÈÅ ÔÓÍÄÀÌÅÍ-ÒÀËÜÍÛÕ ÔÀÊÒÎÐΠÍÀ ÔÎÐÌÈÐÎÂÀÍÈÅ È ÐÀÇÂÈÒÈÅ ÐÛÍÊÀ ÈÏÎÒÅ×ÍÎÃÎ ÊÐÅÄÈÒÎÂÀÍÈß
, ........................................................229
3.19. ÀÍÀËÈÇ ÝÔÔÅÊÒÈÂÍÎÑÒÈ ÑËÈßÍÈÉ È ÏÎÃËÎÙÅÍÈÉ
...........................................................................................237
4. ÎÁÙÈÉ ÀÓÄÈÒ........................................................................................255
4.1. ÍÎÐÌÀÒÈÂÍÎÅ ÐÅÃÓËÈÐÎÂÀÍÈÅ ÀÓÄÈÒÀ Â ÐÎÑÑÈÈ È ÇÀ ÐÓÁÅÆÎÌ:
ÑÐÀÂÍÈÒÅËÜÍÛÉ ÀÑÏÅÊÒ
..................................................................255
7. ÂÍÓÒÐÅÍÈÉ ÀÓÄÈÒ................................................................................266
7.1. ÎÏÐÅÄÅËÅÍÈÅ ÓÐÎÂÍß ÑÓÙÅÑÒÂÅÍÍÎÑÒÈ ÏÐÈ ÏÐÎÂÅÄÅÍÈÈ ÀÓÄÈÒÀ Â
ÑÅÐÂÈÑÍÛÕ ÖÅÍÒÐÀÕ
................................................................................266
7.2. ÂÎÏÐÎÑÛ ÐÀÇÂÈÒÈß ÂÍÓÒÐÅÍÍÅÃÎ ÀÓÄÈÒÀ Â ÔÈÍÀÍÑÎÂÎ-ÏÐÎÌÛØËÅÍÍÛÕ ÃÐÓÏÏÀÕ
Áàðàøåâ Õàïñìàòóëëà.............................................................272
7.3. ÎÏÅÐÀÖÈÎÍÍÛÉ ÀÓÄÈÒ ÊÀÊ ÂÀÆÍÅÉØÀß ÔÎÐÌÀ ÂÍÓÒÐÅÍÍÅÃÎ ÊÎÍÒÐÎËß ÕÎÇßÉÑÒÂÓÞÙÈÕ ÝÊÎÍÎÌÈ×ÅÑÊÈÕ ÑÓÁÚÅÊÒÎÂ
.......................................................................................280
7.4. ÒÅÕÍÎËÎÃÈß ÏÐÎÂÅÄÅÍÈß ÂÍÓÒÐÅÍÍÅÃÎ ÀÓÄÈÒÀ È ÎÖÅÍÊÀ ÅÃÎ ÝÔÔÅÊÒÈÂÍÎÑÒÈ Â ÑÓÁÚÅÊÒÀÕ ÌÀËÎÃÎ ÏÐÅÄÏÐÈÍÈÌÀÒÅËÜÑÒÂÀ
ØîõíåõÀ. Â.......................................................................................................287
ÓÏÐÀÂËÅÍÈÅ, ÂÛ×ÈÑËÈÒÅËÜÍÀß ÒÅÕÍÈÊÀ È ÈÍÔÎÐÌÀÒÈÊÀ
8. ÏÐÎÁËÅÌÛ ÈÍÂÅÑÒÈÐÎÂÀÍÈß........................................................297
8.1. ÎÏÐÅÄÅËÅÍÈÅ ÏÅÐÑÏÅÊÒÈÂÍÛÕ ÖÅËÅÉ È ÊËÞ×ÅÂÛÕ ÇÀÄÀ× ÈÍÂÅÑÒÈÖÈÎÍÍÎ-ÈÍÍÎÂÀÖÈÎÍÍÎÉ ÑÒÐÀÒÅÃÈÈ ÓÏÐÀÂËÅÍÈß ÒÓÐÈÑÒÈ×ÅÑÊÈÌ ÁÈÇÍÅÑÎÌ
........................................................................................297
8.2. ÀÍÀËÈÇ ÈÍÂÅÑÒÈÖÈÎÍÍÎÃÎ ÏÐÎÖÅÑÑÀ ÐÅÃÈÎÍÀËÜÍÎÉ ÝÊÎÍÎÌÈÊÈ , ...........................................................299
8.3. ÏÐÎÃÍÎÇÈÐÎÂÀÍÈÅ ÈÍÂÅÑÒÈÖÈÎÍÍÎÉ ÀÊÒÈÂÍÎÑÒÈ Â ÎÒÐÀÑËßÕ ÏÐÎÌÛØËÅÍÍÎÑÒÈ
...........................................................................................306
8.4. ÐÎËÜ ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÃÎ ÐÅÃÓËÈÐÎÂÀÍÈß Â ÐÀÇÂÈÒÈÈ ÈÍÂÅÑÒÈÖÈÎÍÍÛÕ ÏÐÎÖÅÑÑÎÂ Â ÐÎÑÑÈÈ
, .................................................................310
8.5. ÔÎÐÌÈÐÎÂÀÍÈÅ ÈÍÂÅÑÒÈÖÈÎÍÍÎÃÎ ÌÅÕÀÍÈÇÌÀ  ÑÅËÜÑÊÎÕÎÇßÉÑÒÂÅÍÍÎÌ ÏÐÎÈÇÂÎÄÑÒÂÅ ÊÀÇÀÕÑÒÀÍÀ
.................................................................................................379
8.6. ÎÑÎÁÅÍÍÎÑÒÈ ÎÁÎÑÍÎÂÀÍÈß ÈÍÂÅÑÒÈÖÈÎÍÍÎÃÎ ÏÐÎÅÊÒÀ ÑÎÇÄÀÍÈß ÖÅÍÒÐÀ ÏÎ ÎÁÑËÓÆÈÂÀÍÈÞ ÊËÈÅÍÒÎÂ
........................................................................................323
8.7. ÐÈÑÊÈ ÈÍÂÅÑÒÎÐÀ ÍÀ ÐÛÍÊÅ ÊÎËËÅÊÒÈÂÍÛÕ ÈÍÂÅÑÒÈÖÈÉ
Ñà÷¸âË. Â.....................................................................................................332
9. ÌÅÍÅÄÆÌÅÍÒ È ÌÀÐÊÅÒÈÍÃ..............................................................336
9.1. ÈÑÏÎËÜÇÎÂÀÍÈÅ ÀÍÀËÈÒÈ×ÅÑÊÈÕ ÏÐÈÅÌÎÂ È ÌÅÒÎÄΠ ÑÒÐÀÒÅÃÈ×ÅÑÊÎÌ ÊÎÍÒÐÎËËÈÍÃÅ
.......................................................................................336
9.2. ÌÅÆÄÓÍÀÐÎÄÍÛÉ ÌÀÐÊÅÒÈÍÃ: ÎÑÎÁÅÍÍÎÑÒÈ È ÒÅÍÄÅÍÖÈÈ
.............................................................................................346
9.3. ÑÒÐÀÒÅÃÈ×ÅÑÊÎÅ ÓÏÐÀÂËÅÍÈÅ Â ÑÒÐÎÈÒÅËÜÑÒÂÅ: ÏÐÎÁËÅÌÛ ÂÛÁÎÐÀ, ÎÖÅÍÊÈ ÐÅÇÓËÜÒÀÒÈÂÍÎÑÒÈ È ÐÅÀËÈÇÀÖÈÈ ÑÒÐÀÒÅÃÈÉ
ÌèöûêÑ. Â.................................................................................................353
9.4. ÌÅÒÎÄÈÊÀ ÓÏÐÀÂËÅÍ×ÅÑÊÎÃÎ ÀÍÀËÈÇÀ ÈÇÄÅÐÆÅÊ ÏÐÎÌÛØËÅÍÍÎ-ÏÐÎÈÇÂÎÄÑÒÂÅÍÍÛÕ ÎÐÃÀÍÈÇÀÖÈÉ
, , .........................................360
10. ÁÈÇÍÅÑ-ÐÅÈÍÆÈÍÈÐÈÍÃ..................................................................370
10.1. ÝÑÑÅ Î ÊÐÈÇÈÑÅ: ÎÑÒÐÛÉ ÏÐÅÎÄÎËÈÌÛÉ ÊÐÈÇÈÑ
.........................................................................370
10.2. ÀÍÀËÈÇ ÐÈÑÊÎÂ Â ÝÊÎÍÎÌÈÊÅ ÐÎÑÑÈÈ
................................................................................373
10.3. ÝÊÎÍÎÌÈÊÎ-ÝÊÎËÎÃÈ×ÅÑÊÎÅ ÌÎÄÅËÈÐÎÂÀÍÈÅ ÂÎÑÏÐÎÈÇÂÎÄÑÒÂÅÍÍÛÕ ÏÐÎÖÅÑÑÎÂ
Âóêîâè÷ ÃÃ..................................................................................................376
10.4. ÏÐÎÁËÅÌÛ È ÏÅÐÑÏÅÊÒÈÂÛ ÐÀÇÂÈÒÈß ÑÒÐÀÕÎÂÎÃÎ ÐÛÍÊÀ ÐÔ
, , ..........................................................378
10.5. ÏÐÈ×ÈÍÛ ÊÐÈÇÈÑÍÛÕ ÏÎÒÐßÑÅÍÈÉ ÍÀ ÔÈÍÀÍÑÎÂÛÕ È ÂÀËÞÒÍÛÕ ÐÛÍÊÀÕ .................................................................................393
10.6. ÄÈÂÅÐÑÈÔÈÊÀÖÈß ÄÅßÒÅËÜÍÎÑÒÈ ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÃÎ ÏÎÑÐÅÄÍÈÊÀ  ÎÁËÀÑÒÈ ÂÎÅÍÍÎ-ÒÅÕÍÈ×ÅÑÊÎÃÎ ÑÎÒÐÓÄÍÈ×ÅÑÒÂÀ ÐÎÑÑÈÈ Ñ ÈÍÎÑÒÐÀÍÍÛÌÈ ÃÎÑÓÄÀÐÑÒÂÀÌÈ
Êóøíèð A. M., ..........................................................................402
10.7. ÑÎÂÐÅÌÅÍÍÛÅ ÒÅÍÄÅÍÖÈÈ ÐÀÇÂÈÒÈß ÁÀÍÊÎÂÑÊÎÉ ÑÈÑÒÅÌÛ Â ÐÎÑÑÈÈ .................................................................421
10.8. ÝÊÎÍÎÌÈ×ÅÑÊÈÉ ÏÎÒÅÍÖÈÀË ÐÎÑÒÎÂÑÊÎÉ ÎÁËÀÑÒÈ È ÐÅÇÅÐÂÛ ÅÃÎ ÐÎÑÒÀ , ...............................................425
10.9. ÄÈÀËÅÊÒÈÊÀ
ÐÀÇÂÈÒÈß ÃÎÑÓÄÀÐÑÒÂÅÍÍÎÃÎ È ×ÀÑÒÍÎÃÎ ÑÅÊÒÎÐΠÝÊÎÍÎÌÈÊÈ Â ÐÎÑÑÈÈ
, Ìàðòûøîâ ÅË..............................................................432
10.10. ÑÎÂÅÐØÅÍÑÒÂÎÂÀÍÈÅ ÈÍÔÎÐÌÀÖÈÎÍÍÎÃÎ ÎÁÅÑÏÅ×ÅÍÈß ÎÖÅÍÊÈ ÏÎÒÅÍÖÈÀËÀ ÂÛÑØÅÃÎ ÏÐÎÔÅÑÑÈÎÍÀËÜÍÎÃÎ ÎÁÐÀÇÎÂÀÍÈß
.......................................................................................442
10.11. ÐÅÃÈÎÍÀËÜÍÛÅ ÀÑÏÅÊÒÛ ÐÛÍÎ×ÍÎÉ ÒÐÀÍÑÔÎÐÌÀÖÈÈ È ÅÅ ÈÍÑÒÈÒÓÖÈÎÍÀËÈÇÀÖÈß (ÍÀ ÌÀÒÅÐÈÀËÀÕ ÐÅÑÏÓÁËÈÊÈ ÀÄÛÃÅß)
ÕóòûçÇ. Ì............................................................................................450
10.12. ÀÍÀËÈÇ ÎÁÅÑÏÅ×ÅÍÈß ÏÎÑÒÐÀÄÀÂØÈÕ ÄÎÏÎËÍÈÒÅËÜÍÛÌÈ ÂÈÄÀÌÈ ÏÎÌÎÙÈ Â ÕÎÄÅ ÐÅÀÁÈËÈÒÀÖÈÎÍÍÛÕ ÌÅÐÎÏÐÈßÒÈÉ Â ÑÈÑÒÅÌÅ ÎÁßÇÀÒÅËÜÍÎÃÎ ÑÎÖÈÀËÜÍÎÃÎ ÑÒÐÀÕÎÂÀÍÈß ÎÒ ÍÅÑ×ÀÑÒÍÛÕ ÑËÓ×ÀÅ ÍÀ ÏÐÎÈÇÂÎÄÑÒÂÅ È ÏÐÎÔÅÑÑÈÎÍÀËÜÍÛÕ ÇÀÁÎËÅÂÀÍÈÉ
........................................................................................454
11. ÂÛ×ÈÑËÈÒÅËÜÍÀß ÒÅÕÍÈÊÀ È ÈÍÔÎÐÌÀÒÈÊÀ.........................465
11.1. ÂÎÇÌÎÆÍÎÑÒÈ ÎÒÊÐÛÒÛÕ ÏÐÎÃÐÀÌÌÍÛÕ ÏÐÎÄÓÊÒΠÏÐÈ ÎÁÓ×ÅÍÈÈ ÌÅÒÎÄÀÌ
ÔÈÍÀÍÑÎÂÎ-ÝÊÎÍÎÌÈ×ÅÑÊÎÃÎ ÀÍÀËÈÇÀ
, Íèêèòèí ÀË..............................................................465
ÒÐÅÁÎÂÀÍÈß Ê ÌÀÒÅÐÈÀËÀÌ, ÏÐÅÄÑÒÀÂËßÅÌÛÌ Â ÆÓÐÍÀË «ÀÓÄÈÒ È ÔÈÍÀÍÑÎÂÛÉ ÀÍÀËÈÇ»
......................................................................................472
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Èç çà áîëüøîãî îáúåìà ýòîò ìàòåðèàë ðàçìåùåí íà íåñêîëüêèõ ñòðàíèöàõ:
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