Subjects of the System for Combating Corporate Fraud and Involvement in Corruption Activities

Abstract

Corporate fraud is a very dangerous latent phenomenon for the organization. It leads to severe financial damage, harms companies and citizens, greatly reduces the investment attractiveness of the country. Often, foreign corporations do not want to have business relations with those Russian companies in which there are signs of corporate fraud. In addition, a significant share of assets is withdrawn from legal circulation, which is why the state budget and the beneficiaries of a particular organization are deprived of part of the income.