MODIFICATION OF THE FINANCIAL CONTROL MODEL IN THE CONDITIONS OF DIGITAL TRANSFORMATION

Abstract

The digitization of the economy has a specific effect on financial control. The control process becomes easier, faster, more accurate. The control costs are decreasing. New technologies make it possible to identify and suppress offenses of specific individuals at the stage of preparation for the implementation of illegal “schemes” by analyzing metadata throughout the market using artificial intelligence algorithms. At the same time, with the increase in the effectiveness of control and supervisory activities, the cost of an error in untimely management decisions or insufficient security of state information systems from unauthorized access increases. In general, with the growth of digitalization, there has been a tendency to change the model of interaction between the power subject and the controlled (supervised) person: from the strictly imperative effect “from top to bottom”, post factum (at the subsequent control stage), to proactive cooperation between the subjects of the control legal relationship based on regulatory and supervisory digital technologies.