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

ÍÅ íàøëè? Íå òî? ×òî âû èùåòå?

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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