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Forensic is an Enterprise Activity Financial Investigation Tool

Journal: Scientific Bulletin of Mukachevo State University. Series “Economics” (Vol.5, No. 2)

Publication Date:

Authors : ;

Page : 144-149

Keywords : forensic; fraud; methods of financial investigation; internal control; interviews; analytical procedures; intellectual data analysis;

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The absence of a system of external and internal control can have a detrimental effect on business – according to experts, Ukrainian enterprises lose about one third of annual revenues. It's known that any offense leaves a financial trace. New tool for Ukraine – forensic – allows to analyze an internal environment of an enterprise, to detect fraudulent schemes, suspicious transactions, dishonest employees studying the primary documentation, as well as to study an external environment (potential counterparties, related persons, dynamics of company top management and their affiliates financial growth).The purpose of the article is to justify ways of using and introducing forensic services in providing economic activity of the enterprise, identifying the priorities of the target areas of financial investigations. The main results of the study have been illustrated with the help of dialectical method of studying economic phenomena and theoretical principles, systemic approach. The article deals with the issues of organization and conduct of forensic – the investigation of financial fraud of enterprises – relevant for the national economy. Its theoretical foundations, nature and types of fraud, stages and bases of the method of conducting have been considered. It has been proved that in the modern sense, "forensic" is a complex of control system measures. On the one hand, these measures are aimed at preventing the commission of unlawful actions committed by the officials of the company (management), as well as the termination of abuse of office. On the other hand, they are aimed at investigating fraud, which resulted in damage to the company's reputation or material financial loss. The obtained results of the study are a prerequisite for prolonging the work on the methodology, which should be as much as possible adapted to the format for managing the risk of financial abuse and neutralizing its consequences. The prospects for further research are to develop practical aspects of the security system in the context of analyzing behavioral fraud indicators and the methodology of data mining through the use of specialized tools.

Last modified: 2021-08-19 00:05:56