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Genesis of the Development of Forensic Diagnostics and Audit of the Activities of an Economic Entity
Patskan Y. V.

Patskan, Yuliia V. (2024) “Genesis of the Development of Forensic Diagnostics and Audit of the Activities of an Economic Entity.” Business Inform 8:326–334.
https://doi.org/10.32983/2222-4459-2024-8-326-334

Section: Accounting and Auditing

UDC 330.341:[657.633:343.357

Abstract:
The aim of the article is to study the determinant of forensic and the genesis of the development of forensic diagnostics and audit of the activities of an economic entity. The article characterizes the scientific international and domestic achievements of scientists, the experience of practical activities of audit firms, as well as analyzes the key aspects of defining the determinant of forensic as a tool for counteracting internal corporate fraud of business entities. An analysis of different opinions and discussions of domestic and foreign scientists on the concept of forensic and its role in the field of accounting and auditing is presented. The statistics of intra-corporate fraud presented in the article requires a careful set of skills and tools to detect fraudulent activities by diagnosing the financial and economic activities of a business entity, as well as losses associated with this fraud, providing evidence in court and assisting the management of the business entity in regulating and preventing fraud. Forensic diagnostics is such a tool, which works effectively in synergy with audit. For the effective application of the determinant of «forensic diagnostics», it is necessary to have a clear understanding of the term in all its specifications, since this research topic is gaining significant relevance in the current realities of the development of the national economy. The importance of the study is determined by the fact that the evolution and development of the determinant of forensic diagnostics should take into account the trends and processes that occur in changes in approaches to the formation of the basis of forensic diagnostics, since it is a key point that forms the basis for ensuring the quality of the final result of the provision of forensic diagnostics services. The genesis and evolution of forensic diagnostics help to define the direction of development of its theory. The control system that is in place in the company is not always effective in the fight against fraud. At the present stage, as practice shows, the existing control systems are weak in detecting, countering and preventing fraudulent activities. Certain types of fraud only continue to develop owing to technological progress, and employees of various companies can both accidentally and quite purposefully become a catalyst for an attack against business. And although it is impossible to completely overcome fraud, it is vital to investigate, detect and prevent fraud. To build a stable and reliable system that would detect and prevent fraud, it is important to thoroughly study the genesis of forensic development. As a result of the study, an innovative direction of the dual combination of forensic diagnostics and audit of economic entities is allocated, which is aimed at identifying risks and consequences of actions with signs of deception, fraud and corruption.

Keywords: determinant, genesis, internal corporate fraud, forensic, diagnostics, audit, forensic diagnostics.

Fig.: 3. Bibl.: 31.

Patskan Yuliia V. – Postgraduate Student, Department of Financial Analysis and Audit, State University of Trade and Economics (19 Kіoto Str., Kyiv, 02156, Ukraine)
Email: [email protected]

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