Russian Financial Statements: Fraud and Other Legal Violations
The article discusses Russian financial statements, noting that they often reflect legal violations such as fraud. It adds that Russian laws have divided accounting/ managerial structural offenses into various perpetrator categories — consciously or unconsciously — according to the type of irregularity. The document then analyzes the risks of possible distortion in several financial statements, identifying and assessing an audit by accepted Russian standards. The business may use the aforementioned financial statements, which comprise transparent and reliable information, to affirm the feasibility of its propositions. These statements, which are based on full analytical procedures, also may play an alternative role: presenting accurate data about the business unit's employee relations, development of appropriate findings and adoption of various economic decisions.