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Strategic Reporting Methodology and its Reliability Audit

Author

Listed:
  • I.V. Alekseeva
  • E.M. Evstafyeva
  • Yu.A. Kruchanova
  • G.E. Krokhicheva

Abstract

The paper reveals the significance of business entities' forecasting and strategic reporting. The reporting appears to be an essential source of information for highly efficient strategic management and profits receivable for internal users. Financial activity of Rostov and Kras-nodar region's business entities of different incorporations and industries was taken as an object of current research.Authors developed specific classification of forecasting reporting forms and key performance indicators' framework depending on aims and objectives Authors proved strong need in de-velopment of strategic reporting methodology. Reporting drawn up according to the method-ology allows generating informational support of analysis and control of business entities core strategies' implementing, including internal and external factors & risks' to increase the capital and firm value.The paper highlights strategy audit features as well, considered as related services accord-ing to the Federal Law on Auditing. Authors provide the term and stages of strategy audit. The research resulted in development of special strategic reporting software "Strategic, cap-ital-value oriented reporting framework", special auditing software "Strategic business enti-ties activity audit" coupled with detailed algorithm description.

Suggested Citation

  • I.V. Alekseeva & E.M. Evstafyeva & Yu.A. Kruchanova & G.E. Krokhicheva, 2017. "Strategic Reporting Methodology and its Reliability Audit," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 333-341.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:333-341
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    References listed on IDEAS

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    1. Nikolaos G. Theriou, 2015. "Strategic Management Process and the Importance of Structured Formality, Financial and Non-Financial Information," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 3-28.
    2. Dody Hapsoro & Tulus Suryanto, 2017. "Consequences of Going Concern Opinion for Financial Reports of Business Firms and Capital Markets with Auditor Reputation as a Moderation Variable - An Experimental Study," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 197-223.
    3. E.V. Kuznetsova & I.N. Bogataya & N.N. Khakhonova & S.P. Katerinin, 2017. "Methodology of Building up the Accounting and Analytical Management Support for Organizations in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 257-266.
    4. Tulus Suryanto, 2016. "Audit Delay and Its Implication for Fraudulent Financial Reporting: A Study of Companies Listed in the Indonesian Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 18-31.
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