STATE CONTROL AND SUPERVISION OF ECONOMIC ENTITIES ACTIVITY

Currently, state control and supervision of economic entities activity is a factor impeding private sector development what is noted by many heads and owners of firms. It is especially difficult to experience numerous state revisions for small business organizations. The topic of protection of rights of economic entities during the auditing by the state authorities is not thoroughly developed. The paper covers the topic of protection of rights of economic entities when carrying out control and supervision of their activity. The author briefly reviews the advantages and disadvantages of state control and supervision of work of economic entities, analyzes regulatory legal acts in accordance with which state control and supervision are carried out, the existing in literature data on protection of rights of economic entities during state control and supervision, and develops certain recommendations according to which economic entities should protect their rights during state control and supervision. The author formulates the recommendations on the reforming of current legislation in this sphere. As the measures of improvement of legislation in the sphere of state control and supervision, the author proposes the reduction of the degree of administrative pressure on economic entities and the detailed legislative regulation of actions of state control and supervision. Moreover, one should take into account that when carrying out state control and supervision, the economic entities are the weak party to the relation of which government authorities’ abuse is possible. The most effective method of protection of rights of economic entities when carrying out control and supervision is the judicial appeal of illegal judgments and actions of state control and supervision authorities.