Authors

  • Asliddin Atoev
  • Shavkat Fayziev
  • Mehriddin Abdullaev

DOI:

https://doi.org/10.71337/inlibrary.uz.jmsi.89832

Abstract

The article describes in detail the systematic analysis of the use of information technologies in the strengthening of financial control based on remote control and risk analysis of the use of budget funds, the stages of their implementation and possible problems.


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USE OF INFORMATION SYSTEMS TO STRENGTHEN FINANCIAL CONTROL

BASED ON REMOTE CONTROL AND RISK ANALYSIS OVER THE USE OF BUDGET

FUNDS

Abdullaev Mehriddin Razzoqovich

Doctor of Phylosophy in technical Sciences(PhD)

The Accounts Chamber of the Republic of Uzbekistan

Tashkent, Uzbekistan

m.abdullayev@ach.gov.uz

Fayziev Shavkat Ismatovich

doctor of technical sciences (DSc),docent

The Account Chamber of the Republic of Uzbekistan

shavkatfayz@gmail.com

Atoev Asliddin Ekhtiyorovich

The Accounts Chamber of the Republic of Uzbekistan

asprouz@gmail.com

Annotation:

The article describes in detail the systematic analysis of the use of information

technologies in the strengthening of financial control based on remote control and risk analysis

of the use of budget funds, the stages of their implementation and possible problems.

Keywords:

financial control, risk analysis, information technology, artificial intelligence

technology, machine learning, big data.

Introduction.

The state budget, as the main financial document of the state, serves to ensure

public welfare and economic stability. Correct and targeted spending of budget funds, orientation

to the main directions of state policy is one of the main indicators of the effectiveness of state

administration. Therefore, establishing strong and effective control over the use of budget funds

will lead to the stability of public finances.

Today, many developed countries have switched to remote control methods to implement rapid

and effective control, which, in addition to reducing audit time and costs, creates the basis for

achieving high financial efficiency by identifying, assessing, and managing potential risks in the

control organization.

Remote control state organs financial activity control to do for from information and

communication technologies used in case to do is increased. His main purpose, state reasonable

and targeted use of budget funds provision and corruption ahead is to get Risk analyses and

financial dangers assessment and in advance to determine in view holds ​ It is financial

decisions reception in doing important to the point owner is, financially stability provision for it

is necessary.

Remote control and information in performing risk analyses replace the systems important to the

point earns. Financial data collection, analysis and reporting processes are automated through

these systems. This serves to increase the efficiency of financial control. Information systems

can be seen as the main means of modern financial control.

Through the method of remote control, it is possible to monitor, analyze and evaluate the

activities of state bodies from a distance. Remote monitoring is aimed at ensuring targeted

spending of budget funds and increasing transparency of financial operations.

Remote control to do in progress one row opportunities there is This method financial the

information fast and exactly to observe possibility gives control as well​ in the process human


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factor the effect reduces​

However, this the method to do in progress personnel lack of

infrastructure enough absence and information related to security problems appearance to be can,

and these problems elimination verb for information from systems use culture increase and

perfect infrastructure creation necessary.

Remote control budget funds effective spending in providing plays an important role. This

method of budget funds through which one in goals allows you to quickly determine what is

being spent and the shortcomings that are being made.

Risk analyses financial of control the most important and necessary from the elements one is

considered Budget funds effective management for risks correct assessment and them

elimination verb necessary. Financial of control main task state budget of funds to dangers

shower not coming from providing consists of Risk analyses state and private in the sector

financial decisions reception in doing wide is applied.

Risk analysis importance is that they are financial activity further to stabilize and financial

dangers to reduce service does​

Financial risks analysis to be done of budget funds through

purposeful spending provide, financial in the system problems early detection, prevention to take

and them elimination verb can​

and also risk analysis financial control the process

improvement and his/her efficiency to increase possibility gives.

Risks determination and assessment the process of risk analysis main from the stages one. This

process is related to budget funds. dangers to identify them assessment and them elimination

verb measures to see necessary​ Risks determination in the process state bodies and financial of

institutions activity analysis will be, information gathers and based on them analyses will be held.

Risks statistical and in assessment economic indicators, financial reports and other from the data

is used. Har one risk possible its effect, its financial to the results effect and his/her ahead to take

measures seeing will be released. Risks assessment in the process information of ministries and

agencies integration of systems and databases into a single system through what is the

information analysis to do and assessment will be automated. And this of analyses accuracy and

reliability to increase service does.

Financial decisions reception to do risk analysis in the process through taken information and

analyses based on financial plans will be made, budget funds effective usage is provided and

state financial stability is achieved. Also risk analysis based on financial control in the process

changes introduction maybe this​ and of control efficiency to increase directed.

Information systems financial under control wide applicable modern from the means one is

considered theirs types many is among them financial management systems, risk analysis

systems, remote control systems and others exists. Every one system his/her own special tasks to

perform intended and budget funds through them effective management and control to be done is

provided.

Financial management systems budget funds management, financial operations automation and

reports preparation processes simplifies. Risk analyses systems and financial dangers evaluation,

analysis to do and them elimination to do directed. Remote control systems of budget funds

purposeful spending from a distance standing up monitoring, control to do and to evaluate

possibility gives.

Information systems through financial the information collection, analysis to do and report to

give processes of automated work financial of control efficiency increase, human factor the

effect reduction and financial of operations transparency to provide possibility gives.

Information systems current to do process big preparation demand does​ . In this process

information systems for necessary infrastructure create personnel​

preparation and them to

work with systems teaching as well as information security provision to the issues attention to

turn necessary.

Information systems current to do process from several stages consists of to be possible.

First in phase information systems for necessary infrastructure will be created and personnel is

being prepared.


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Second in phase information systems current will be done and from them use according to

qualified specialists is being prepared.

Third in phase information systems efficiency is evaluated and necessary in cases them

improvement measures is seen.

Information systems current to do in the process information for your safety big attention to turn

necessary. Information in systems preserved information confidential and reliable to be Also,

information is needed from systems in use human factor the effect reduction and systems

automation necessary.

Remote under control information from systems of use main opportunities from the following

consists of: financial the information automation of data accuracy and reliability raise, financial

of operations transparency provision, risk analysis processes facilitate and automation. These are

opportunities financial of control efficiency to increase help gives.

Risk analyses in the process information systems through statistical and economic indicators,

financial reports and other information collected, analysis will be done and is evaluated. This is

the data based on risks determination and them elimination verb measures seeing will be released.

Information systems risk analysis the process facilitates and his/her efficiency increases.

Information systems stability and efficiency increase state financial control of improvement

important is a factor. Information systems effective activity management for their stability, safety

and reliability provision necessary. Information systems stability and efficiency increase

according to one row proposals as follows:

Information security provide

: Information in systems preserved of information

confidential and reliability provision for security measures reinforcement necessary. This for

information for your safety due modern technologies and from methods use demand will be

allowed.

Systems modernization

: Information systems efficiency increase for them permanent by

modernizing it go, modern equipping with technologies and their functionality expansion

necessary.

The staff preparation

: Information from systems effective use for experts preparation

and them to work with systems teaching necessary. This for information to systems due special

trainings and courses organization to do possible.

Systems integration

: Information systems to integrate with each other, that is their

mutual dependence provision important to the point owner. Through this of information one

from the system second to the system to pass facilitate and their functionality increase possible.

Remote control and information systems based on financial of control advantages from that

through them​ financial control processes will be easier and his/her efficiency increases. Today,

the types of information systems and technologies used in the implementation of financial

control are listed below:

1.

ERP (Enterprise Resource Planning) systems

provide an integrated platform for

managing all of an organization's resources. In order to implement financial control, these

systems centrally store and analyze budget, reporting, and expense information. ERP systems

automate business processes automation and them control to do the opportunity gives.

2.

Business intelligence (Business Intelligence) tools

financial the information analysis to

do and decision reception to do in the process effective information to take for BI tools are used.

through organizations own financial visualization of indicators, various reports​

preparation

and future dangers to predict in advance to the possibility owner They will be.

3.

Risk management systems (Risk Management Systems)

financial dangers

determination, evaluation and them management for is used. Risk management systems through

organizations various from dangers protection strategies work they will come out and their to do

increase control they do.

4.

Financial data is collected and statistically analyzed using financial data analysis

platforms (e.g. SAS, R, Python).

These platforms identify financial risks and improve decision-

making.


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5.

Blockchain technologies

through financial operations transparency and security is

provided. of the blockchain distributed register through all financial operations writing will go

and their honesty is provided. This technology is financial control in reinforcement and to fraud

against in the fight effective tool as service does.

6.

Compound models and scenario​ ​

analyzes (Ensemble Models oath Scenario

Analysis)​

through future risks are predicted​ ​

and to them against measures to see for

various scenarios work will be released. These are models financial control in the process

dangers determination and them reduction for effective tool is considered.

Information systems financial under control effective tool although - them in use separate

problems to the surface arrival can​ For example :

Confidentiality of information

: Information in systems saved information cyber

security due to its confidential nature measures reinforcement necessary.

Integration issues

: Information systems current in doing various integration problems

between ministries and agencies to be It is possible. solution to do for systems mutual

compatibility provision need.

These problems solution for organizations information systems current in verb on information

security policies work speeches and all ministries and agencies between compatibility their

provision necessary.

Information systems and modern technologies financial control in reinforcement important tool

is considered Through them of information correct meeting, analysis to be done and of dangers

in advance detection is provided. Financial organizations and companies this from systems use

through own financial their activities transparent and effectively manage they get Information

technologies and systems application as a result financial control better quality and safer to do

will be increased, this and of organizations stable to the development help gives.

References

1.

Goodfellow, I., Bengio, Y., & Courville, A. Deep Learning. MIT Press. 2016

2.

McKinney, W. Python for Data Analysis: Data Wrangling with Pandas, NumPy, and

IPython. O'Reilly Media. 2017

3.

Taleb, N.N. The Black Swan: The Impact of the Highly Improbable. Random House.

2007

4.

Vose, D. Risk Analysis: A Quantitative Guide. John Wiley & Sons. 2008

5.

Big Data: Principles and best practices of scalable real-time data systems. O'Reilly Media.

2017

References

Goodfellow, I., Bengio, Y., & Courville, A. Deep Learning. MIT Press. 2016

McKinney, W. Python for Data Analysis: Data Wrangling with Pandas, NumPy, and IPython. O'Reilly Media. 2017

Taleb, N.N. The Black Swan: The Impact of the Highly Improbable. Random House. 2007

Vose, D. Risk Analysis: A Quantitative Guide. John Wiley & Sons. 2008

Big Data: Principles and best practices of scalable real-time data systems. O'Reilly Media. 2017