Issue: № 10, 2025
Doi: https://doi.org/10.37634/efp.2025.10.11
Introduction. Corporate fraud is a type of economic crime that encompasses all the various means created through human ingenuity to gain an unfair advantage for a person over another one through deception, trickery, breach of trust, and concealment of the truth. The purpose of the paper is to identify the main types of corporate fraud, as well as tools for their detection and minimization when making management decisions. Results. Studying the works of domestic and foreign scientists, it is possible to say that there is no general opinion regarding the dependence of the spread of corporate fraud on the state economy development as a whole. Some of them believe that economic crimes are more typical of post-communist countries, where the level of shadow economy is quite high. Others tend to believe that corporate fraud is widespread in countries with developed economies, because the largest number of transnational corporations is concentrated in their markets and there are many opportunities for committing economic crimes (access to information, advanced technologies, etc.). In addition, there are opinions about the direct impact of crisis phenomena in the world economy on the level of shadow activity of enterprises and, accordingly, on the level of committing corporate crimes. Corporate fraud in companies is currently a rather large problem, which in itself must be considered as a separate "industry". Conclusion. Corporate fraud causes significant damage to intangible assets, such as: relationships with business partners, reputation, brand image, investment attractiveness, destruction of corporate culture, etc., which are extremely important factors for ensuring the successful operation and development of any business entity. While creating a system to combat corporate fraud, it is necessary that it meets the following criteria: the formation and implementation of anti-fraud measures should not cost more than the losses from the occurrence of potential fraud risks. Solving this problem will not only increase the efficiency of companies, but also reduce their costs and reduce corruption in business.
Keywords : corporate financial fraud, corruption, falsification of financial statements, financial fraud
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