FINANCIAL FRAUD IN CORPORATE FINANCIAL STATEMENTS: CLASSIFICATION OF SCHEMES AND AUDIT-ORIENTED METHODS FOR THEIR VERIFICATION AND DETECTION

The article examines financial fraud in the corporate reporting of organizations engaged in foreign economic activity as a special form of accounting information distortion. Based on the criteria-based differentiation of fraud, errors, and permissible estimates, the article describes the reporting of foreign economic activity companies as a space for constructing schemes that affect the indicators of assets, liabilities, financial results, cash flows, and disclosures. The article proposes an audit-oriented classification of such schemes and a concept for their verification, which includes risk-based planning, the use of analytical procedures, testing of key internal control elements, and in-depth substantive examinations. The significance of the findings for improving the practice of auditing foreign economic transactions is substantiated.