• K. Nazarova Kyiv National University of Trade and Economics
  • M. Nezhyva Kyiv National University of Trade and Economics
  • T. Lositska Kyiv National University of Trade and Economics
  • V. Miniailo Kyiv National University of Trade and Economics
  • N. Novikova Kyiv National University of Trade and Economics



forensic, audit, internal control, fraud, financial investigations, methods of financial investigation, economic security


The article is devoted to topical issues of business protection through the prism of forensics (financial investigations). This new line of financial fraud and fraud investigation services is used to investigate and assist clients in identifying the facts and causes of fraud that may occur due to the absence or inadequate and ineffective system of internal control. The types of economic crimes faced by companies during 2017—2019 were analyzed and it was established that bribery and corruption are the leaders among economic crimes. The article reveals the essence of the concept of «forensic» as the identification of potential problems through legal and financial audit. Forensic procedures as a promising way to protect business in the context of global transformations and emerging cyber risks in an increasingly complex digital business environment have been studied. The article outlines the main directions of forensics in risk management, among which are: investigation of fraud; support in court proceedings; corporate intelligence; computer forensics; compliance with anti-corruption legislation, as well as to use preventive measures to prevent fraud. The classical methods and algorithm of financial investigation are outlined and it is noted that they may differ depending on the purpose for which forensics is conducted, the industry in which the company operates, and others. It is established that forensics for an economic entity ends with a reporting stage, during which the customer is provided with evidence of fraud, as well as the proposed recommendations. It is proposed to use the forensic mechanism when business owners: doubt an important decision; there is a leak of commercial information; mechanisms for working with suppliers have not been established; a large deal is envisaged.

Author Biographies

K. Nazarova, Kyiv National University of Trade and Economics

Doctor of Economics, Head of the Department of Financial Analysis and Audit

M. Nezhyva, Kyiv National University of Trade and Economics

Ph. D. in Economics, Associate Professor of the Department of Financial Analysis and Audit

T. Lositska, Kyiv National University of Trade and Economics

Ph. D. in Economics, Head of Scientific Research Department

V. Miniailo, Kyiv National University of Trade and Economics

Ph. D. in Economics, Associate Professor of the Department of Financial Analysis and Audit

N. Novikova, Kyiv National University of Trade and Economics

Doctor of Economics, Head of the Department of Public Administration


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The topical questions about the development of finance, account and audit