VERIFICATION OF NON-FINANCIAL REPORTING AS THE METHOD OF EVALUATION OF ANTICORRUPTION POLICY IN THE RUSSIAN CORPORATIONS

Abstract

The concept of applying the methods of the external verification of non-financial reports to evaluate the preventive corruption measures adopted by the Russian corporations is presented in the article. According to the author this approach is an efficient means of objectivity improvement of study of these measures as well as an effective way of reducing the risk of the formalist approach to its development and implementation. As the issues of submitting of their data about the activities in this area by the companies haven't been regulated in the Russian legislation yet, the author offers to apply the administrative-legal mechanisms to non-financial reporting system aimed at establishing unified requirements for the anti-corruption information disclosures contained in the topic "Prevention of corruption" and verification of this theme in corporate reports. The practical application of the proposed concept will also minimize the subjective factors in proving the degree of corporate guilt in cases involving their administrative responsibility. Besides, the considered development way of the non-financial reporting can restrict public activities of those corporations that have not fulfilled the organizational requirements of the Federal Anti-Corruption Law thus motivating them to follow effective anti-corruption policies. Considering the trends in the corporate reporting sphere, the author has made the applicability analysis of the offered concept to the Russian practice and to the regulation system of this sphere. Therefore, the main international and domestic non-financial reporting systems and requirements for them of different stakeholders such as stock exchanges and banks have been studied. Since one of the main topics in the paper is the investigation of the particularities of the verification service market, the author offers to attract widely audit organizations and individual auditors to such activities. This conclusion is made on the basis of the law of audit activities, as well as the currently available practice. In this regard, the existing problems affecting the implementation of the state anti-corruption policy of attracting auditors to the detection of the corrupt practices and facts are considered in the paper. As a result, the system of incentives attracting auditors to work in this field on the mutually beneficial basis has been developed by the author. The work also focuses on the study of the similar approaches in the international practice that revealed the active development of the non-financial reporting systems in the partner countries of BRICS and the Customs Union of EAEU. In this context the entrepreneurial risks for the Russian corporations that reduce their competitiveness on the global market are highlighted by the author. In the conclusion the application practicability of the considered legal methods for the formation of the Concept of development of public non-financial reporting in the Russian Federation is given in the article.