Forensics as a Method of Economic Investigations: Theoretical Foundations
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.69, No. 3)Publication Date: 2022-09-30
Authors : Mysnyk K.;
Page : 41-46
Keywords : economic activity; economic crimes; fraud; economic investigations; prevention of economic crimes; forensics; theoretical approaches; method; organizational and economic mechanism;
Abstract
Currently, in connection with the increase in cases of fraud and the complexity of economic crimes, forensics is an effective method of economic investigations and a type of control, the purpose of which is to identify facts of fraud, financial abuse, as well as other criminal acts of investigation. The article analyses and summarizes existing scientific approaches to defining the concept of “forensics”. It is established that the term “forensics” is mostly interpreted as an investigation; effective tool; independent activity; services; type of control, etc. As a result of the research, the concept of “forensics” is proposed to be considered from such positions as: an effective method of economic investigations at enterprises of various forms of ownership and branch orientation in the system of economic security; a complex of independent initiative services for investigation, expertise, analysis, assessment, settlement of situations and development of procedures aimed at combating economic crimes, fraud, corruption, commercial bribery, appropriation of funds and other assets, illegal actions, settlement of disagreements between parties on financial and business issues; a type of control aimed at detecting fraud, financial abuse, as well as other criminal acts of an economic nature. The structure of the provision of forensic services is proposed, which should include the following elements: financial investigations; management of risks related to fraud and economic crimes; corporate (business) intelligence; out-of-court, pre-trial expertise, as well as assistance during court proceedings; investigation of fraud using information systems and digital technologies; opposition to the legalization of illegal income; intellectual property protection; verification of contractual obligations and reliability of business partners; prevention or minimization of financial and reputational losses and risks; identification and analysis of hidden commercial risks; regulation of disagreements between the parties to the conflict on financial and business issues; development of procedures aimed at countering fraud, corruption, withdrawal of funds, appropriation of assets; conducting a compliance investigation; financial examination of documentation.
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