FEATURES OF CHECKING THE ORGANIZATION OF CASH WORK IN ORDER TO MINIMIZE BANK RISKS INHERENT IN CASH TRANSACTIONS

ОСОБЕННОСТИ ПРОВЕРКИ ОРГАНИЗАЦИИ КАССОВОЙ РАБОТЫ С ЦЕЛЬЮ МИНИМИЗАЦИИ БАНКОВСКИХ РИСКОВ, ПРИСУЩИХ ОПЕРАЦИЯМ С НАЛИЧНЫМИ ДЕНЬГАМИ

Aida A. Fatykhova (Фатыхова А.А.), Milyausha A. Sayfullina (Сайфуллина М.А.) and Liliya R. Urazbakhtina (Уразбахтина Л.Р.)
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Aida A. Fatykhova (Фатыхова А.А.): Kazan branch of Russian Presidential Academy of National Economy and Public Administration
Milyausha A. Sayfullina (Сайфуллина М.А.): Kazan branch of Russian Presidential Academy of National Economy and Public Administration
Liliya R. Urazbakhtina (Уразбахтина Л.Р.): Kazan State Power Engineering University

State and Municipal Management Scholar Notes, 2021, vol. 4, 141-146

Abstract: The article presents the organization of internal control by the Bank of Russia within the framework of cash operations. The authors emphasize the structuring of the main risks inherent in cash transactions, therefore they are presented in this direction of banking. The article says that the main risks of cash work are: operational, reputational, legal, technological, strategic, credit risks, liquidity risk and others, and, moreover, are identified at any stage of working with cash. All these risks affect not only the activities of an individual credit institution, but also the banking system as a whole. Therefore, the authors propose to carry out risk-oriented control, as well as the main approaches and methods of checking cash transactions. The authors point out that internal control involves testing for compliance with internal documents with the necessary requirements of the Central Bank of the Russian Federation (laws, instructions, regulations, orders, contracts, including for specific measures (for example, the acquisition of the necessary equipment for cash registers, for the transportation of cash, insurance, automated software). It is necessary to check the correctness of the regulatory internal documents, employment contracts, the distribution of powers of employees, within the framework of cash work, and more.

Keywords: internal control; risk-based approach; credit institutions; operational; reputational; legal; technological; strategic; credit risks; liquidity risk; cash transactions; regulatory documents; the Bank of Russia; checking the organization of cash operations (search for similar items in EconPapers)
Date: 2021
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