"Current issues of internal control in nuclear sector". FBK Legal's opinion.

On November 15 and November 16, 2011 a scientific and practical conference “Current issues of internal control in nuclear sector”, organized by Rosatom State Corporation, Research and Development Institute of system analysis of the RF Accounting Chamber and National Research Nuclear University MEPHI was held in Moscow. Alexei Yakovlev, Head of FBK Legal Tax Litigation Practice and FBK Legal Attorney at Law, Dmitry Paramonov delivered there their reports.

Alexei Yakovlev’s report was dedicated to “Setting up system of control mechanisms to prevent tax risks”. So, the lawyer emphasized that understanding essentials of tax administration and expertise in tax litigations are important elements of the system of preventing tax risks and responding to them. According to him, inattentiveness at the stage of risk management may cause increasing of tax risks as well as considerable problems when protecting the tax payer’s interests in future.

Dmitry Paramonov dedicated his report to issues of counteracting corporate fraud. He highlighted that apart from subjective reasons for corruptive behavior associated with individual characteristics of a person, objective reasons also exist: “Weak organization of control system, the person’s access to valuables or powers of authority as well as lack of precise regulation of official duties”. According to Paramonov, the principle tool for decreasing corruption is efficient system of control over staff and economic transactions of the company.