ACCOUNTING (FINANCIAL) REPORTING FRAUD: THE ESSENCE, GOALS AND CONSEQUENCES FOR THE ORGANIZATION

The article examines the features of fraud with accounting (financial) statements, the purpose of which is to provide false information about the financial condition of an organization or distort financial results in order to increase the investment attractiveness of the company and fraudulently obtain appropriate financing from investors, creditors, government agencies or other interested parties. The relevance of the research on the chosen issue is due to the fact that at present the falsification of accounting (financial) statements is one of the most important accounting problems both in Russia and in countries with developed market economies. The study presents data separately for each selected category of fraudulent activities in terms of the volume of their commission during the study period. Also, this article highlights the existing schemes of fraud with accounting (financial) statements and the possible motives for its distortion. Based on the results of the conducted research, the consequences of fraud with accounting (financial) statements are disclosed and possible solutions to this issue are highlighted.