Financial statement information and reasons for its disclosure in Ukraine and abroad

Abstract

Detecting fraudulent activities in financial statements has always been an important, but difficult and time-consuming task for users of financial statements. The main regulatory and legal documents on which they are usually oriented are the National accounting regulation (standard) No. 1 "General requirements for financial reporting" for Ukraine and the IFRS 1 "Financial reporting presentation" in the world. That's why quality control of accounting data in organizations is becoming more and more necessary. For the purpose of effective, competent and timely detection of fraudulent actions, in our opinion, it is necessary to distinguish their nature.