FORENSIC ACCOUNTING ASPECT OF BANKRUPTCY

Abstract

Not infrequently in practice, bankruptcy arises not only as a result of market influences, but also as a result of misuse of creative accounting. Contemporary practice shows that the use of creative accounting has brought many economic subjects to bankruptcy. Such cases of bankruptcy malfeasance unequivocally indicate the existence of a wide range of manifestations and criminal schemes. Precisely, the analysis of forms, techniques and methods of execution of bankruptcy fraud is a challenging task for forensic accountants. The aim of this work is to show the specifics, basic features and symptoms of bankruptcy fraud, as well as models for predicting bankruptcy.