KnE Social Sciences

Published date: Feb 15 2018

Journal Title: KnE Social Sciences

Issue title: III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech"

Pages: 552-560

DOI: 10.18502/kss.v3i2.1589

Leonov P.Y.National Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Kashirskoe shosse 31, Moscow, 115409

Kazaryan S.G.sur1994@yandex.ruNational Research Nuclear University MEPhI (Moscow Engineering Physics Institute), Kashirskoe shosse 31, Moscow, 115409

In a situation when the level of risk increases every day, and regulatory requirements are becoming more stringent, to monitor illegal activities, it is necessary to use advanced analytical tools. Automation of the processes for risk assessment in the era of the digital economy is the key of success for any audit firm, as this will reduce labour and time costs and constantly improve its system for the risk detection of any kind and the submission of reliable information as a result of its activities. SAS offers the best-of-a-kind solution that includes high-performance analytics and combination of detection methods of irregularities, which help to monitor a larger number of risk factors, particularly analyzing large data volumes – in minutes instead of hours.

[1] Federal law № 307-FZ, dated 30 December 2008, “About audit”;


[2] Order of the Ministry of Finance of the Russian Federation, dated 24 October 2016 № 192 n “About implementation of the international standards on auditing on territory of the Russian Federation” (registered in the Ministry of Justice of Russia in November 10, 2016 № 44299);


[3] Order of the Ministry of Finance of the Russian Federation, dated 09 November 2016, № 207 n “About implementation of the international standards on auditing on territory of the Russian Federation” (registered in the Ministry of Justice of Russia in November 17, 2016 № 44354);


[4] ISA 315 (REVISED), “Identifying and assessing the risks of material misstatement through understanding the entity and its environment”;


[5] Deloitte – 2017 Global corporate treasury survey URL: https://www2.deloitte. com/us/en/pages/risk/articles/global-corporate-treasury-survey-2017. html;


[6] KPMG – Cyber security: A failure of imagination by CEOs URL:https://home.kpmg.com/xx/en/home/insights/2015/12/ cyber-security-a-failure-of-imagination-by-ceos.html;


[7] PWC – Global Annual Review 2017 URL: https://www.pwc.com/gx/en/about/globalannual-review-2017.html;


[8] EY – Digital and business 2017 URL:http://www.ey.com/ru/ru/services/advisory/eydigital-and-business-2017;


[9] ACCA – RESEARCH & INSIGHTS: GLOBAL ECONOMIC CONDITIONS SURVEY: Q4, 2016;


[10] The Forrester Wave