Financial and economic expert analysis when examining objective business bankruptcy: Bringing persons to subsidiary liability

Abstract

Subject. This article discusses the issues related to the bankruptcy of organizations and the conduct of financial and economic expert examination in cases of bringing the debtor controlling persons to subsidiary liability during the investigation of the bankruptcy of organizations. Objectives. The article aims to study the peculiarities of the methodology of financial and economic expert examination as a form of application of special knowledge in cases of bringing persons controlling the debtor in the investigation of bankruptcy of organizations to subsidiary liability. Methods. For the study, we used analysis, synthesis, systematization, and generalization. Results. Based on the results of the study, the article presents the goal, subject, and also determines the types of the mentioned financial and economic expert examination. Conclusions and Relevance. The analysis of financial and economic expert examination in cases of bringing persons to subsidiary liability in the consideration of bankruptcies of organizations reveals the lack of regulated and standardized methods, which complicates the work and may raise questions among interested parties. The efficiency of the expert's work is increased with the use of programs for working with analytical tables for financial analysis, which require digitized financial statements and other information that constitutes the object of expert examination. The results of the study can be applied in the theory and practice of financial control and financial and economic expert examination.