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Published in:
2019 | OriginalPaper | Chapter
Financial Control as a Legal Institution: A Comparative Legal Analysis of the Russian and EU Expertise
Authors : Galina V. Stankevich, Olga N. Amvrosova, Gayane Y. Atayan, Tatiana V. Kara-Kazaryan, Ekaterina V. Kasevich
Published in: Perspectives on the Use of New Information and Communication Technology (ICT) in the Modern Economy
Publisher: Springer International Publishing
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Abstract
The article considers major theoretical approaches to the notion of financial control in the legislation of the Russian Federation and EU countries. A comprehensive analysis provides a better understanding of this financial law institution both in the Russian and European legal sciences. The authors compare positions of a number of modern scholars, which enables them to develop a universal approach to the legal nature and essence of financial control. The authors’ approach is based on two premises: (1) financial control is possible only within the framework of financial relations, and (2) these frames are defined by the norms of financial legislation on a given territory. Financial control includes a system of controlling bodies as well as ways and means of their functioning. In its nature, financial control is a complex phenomenon, which has its objectives, sphere of application, object, subject and methods of research.