IDENTIFICATION OF DISTORTIONS IN FINANCIAL REPORTING IN MODERN CONDITIONS
IDENTIFICATION OF DISTORTIONS IN FINANCIAL REPORTING IN MODERN CONDITIONS

Summary/Abstract: Crimes in the field of economic activity are a set of economic crimes committed by citizens in the course of their professional activities in a certain area of the economy for selfish motives, and infringing on the legitimate interests of participants in economic relations, as well as the rules of economic management. The most common at the present time are crimes and distortions of financial statements, committed with the help of veiling and falsification of accounting data. In the article, the author considers the types of crimes in the field of economic activity, analyzes unfair actions in relation to financial statements. In the article, the author also notes that it is very important to know how to detect all kinds of distortions in accounting data that could be applied both at the time of the commission of an economic crime and at any stage of the company's production activities. To identify falsification and other distortions of financial statements, the author proposed measures (techniques) and for this reason the article notes that in order to obtain an effective result from any measures aimed at identifying distortions in financial statements, it is necessary to have appropriate methods.

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