THE USE OF THE BLOCKCHAIN AND THE ARTIFICIAL NEURAL NETWORK IN THE AUTOMATION OF CONTROLS IN THE FIELD OF TRANSFER PRICING

Abstract

The article discusses the latest technologies related to the digitalization of the economy and the need for their implementation in complex business processes. In this context, the issue of reforming the traditional control system in order to make effective management decisions arises. The purpose of the article was to investigate the issue of automation of control over transfer pricing using the implementation of blockchain technology and artificial intelligence.

As a result, the possible advantages and prospects of using innovative methods in ensuring effective control over transfer pricing were considered and supplemented. Based on the results of the study, the authors proposed to create a permanent automated system for monitoring controlled operations. The proposed model makes it possible to consider the process of transfer pricing in detail, starting with the identification of data and ending with the secure provision of a specified list of information to interested parties. Within the framework of the study, the authors compared the existing varieties of blockchain. Based on the results of the comparative analysis, the optimal option was determined and a permanent monitoring system for controlled operations in real time was proposed. A step-by-step algorithm for creating a system and an algorithm for selecting controlled operations based on an artificial neural network has been built. This approach has the potential to improve the effectiveness and safety of controls over transfer pricing transactions and to promote more transparent management.

A permanent automated system allows you to bring the processes of control and audit to a new level and improve the management of business operations of transnational groups, which will ensure stability and reliability in solving tasks in the field of transfer pricing.

This approach is an important step in the development of modern management and control standards for transfer pricing. Successful implementation can provide businesses with stability in a competitive environment. It can also increase confidence in the accuracy and reliability of transfer pricing transactions.