FALSIFICATION OF INFORMATION ON THE FINANCIAL AND ECONOMIC ACTIVITIES OF THE ENTERPRISE AS ONE OF THE FACTORS OF DISTORTION OF FINANCIAL STATEMENTS

This article reveals the essence and significance of the phenomenon of our study of financial accounting statements in the activities of any business entities. In addition, the article reveals such an important problem even at the current stage of development of accounting and reporting as distortion of information in the process of preparing financial statements. In the course of writing this research work, the main types of distortions are identified in the context of the main reasons for its formation, which are divided into intentional and unintentional. Speaking for the main consequences of distortions in financial statements, we can classify them into two main groups: significant and insignificant. In addition, a special place in this work is occupied by the study of the essence of falsification of financial statements as a deliberate factor in distorting data in order to maximize the benefit for the company through incorrect provision of information regarding assets, capital and other liabilities of the business entity. In addition, in the process of disclosing the topic of our research, we identified the main methods used by companies in the process of falsifying data. Also, ways to combat unfair provision of information by implementing certain measures were identified and revealed. After all, reliable information is necessary for all interested users of financial statements in order to make the most correct and reliable decisions by analyzing the actual state of affairs of the company for the period under consideration.