Abstract
This article offers a methodology of control procedures for checking the accounting of securities as a tool for preventing economic crimes. This methodology is proposed based on the analysis of investments in fixed assets and the dynamics of economic crimes in 2010-2018, the study of typical errors and violations. The methodology combines two sets of procedures: determining the effectiveness of purchased and available securities, as well as determining the completeness, reliability and information content of securities. The methodology of control procedures proposed by authors is aimed at timely detection and prevention of violations and fraudulent actions with securities.
Highlights
Economic entities in the process of carrying out their activities invest free cash in securities. It helps get money for those who need it from those who are willing to invest it in order to gain control over the activities of another business entity, additional income in the form of interest or dividends
Various violations and errors that occur in the accounting of securities have a negative impact on both the financial position of the business entity and the economy of our country
Despite the considerable attention paid to these issues in this area, there are still accounting errors and misstatements in the financial statements of an economic entity
Summary
Economic entities in the process of carrying out their activities invest free cash in securities. It helps get money for those who need it from those who are willing to invest it in order to gain control over the activities of another business entity, additional income in the form of interest or dividends. Various violations and errors that occur in the accounting of securities have a negative impact on both the financial position of the business entity and the economy of our country. The relevance of the chosen research topic made it necessary to monitor accounting operations with securities, disclose reliable information, and prevent errors and violations in financial statements. Despite the considerable attention paid to these issues in this area, there are still accounting errors and misstatements in the financial statements of an economic entity
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