ANALYSIS OF THE STATUS OF THE FRAUD WITHIN THE ENTERPRISES IN DIFFERENT COUNTRIES AROUND THE WORLD

Abstract

The consequences of fraudulent actions are losses of significant financial resources in companies, which endangers their business. The resolution of the occurred criminal issues is complex and therefore requires the exchange of the experience of many countries worldwide. It is needed to conduct an internal audit to detect embezzlement in the company. The relevant department must carry out the audit, e.g., the security services department, involving an internal audit, internal control, and legal department. Identification of persons possibly involved in fraudulent actions is a complex issue that carries a criminal responsibility. Different companies impose disciplinary liability, penalties, or criminal liability on employees. The most common are corruption, misappropriation of property, and falsification of financial statements. The variety of fraudulent schemes grows and becomes even more dangerous for businesses. Fraudsters analyze the financial statements of enterprises and find vulnerabilities to create threats and fraudulent actions. Such schemes lead to risks for both large and small businesses worldwide. Most companies have been affected by fraud incidents in recent years. The unreliable partners frequently cause losses in the companies. The negative consequences of risky activities include losses of money, reputation, and trust of customers and partners. All affect the loss of profits, which is the purpose of the activities.