Analytical methods of detecting deliberate and fraudulent bankruptcy

Abstract

Purpose: the authors aim to provide recommendations regarding the improvement of the methodology of financial analysis carried out during the monitoring period in order to detect deliberate bankruptcy. Discussion: аlthough a great number of experts have focused their studies on diagnosing bankruptcy threats, little attention has been paid to the role of economic analysis in detecting deliberate bankruptcy. The existing methodologies in this sphere still do not get enough attention. Results: аccording to the existing theories and approaches to assessing financial insolvency, the authors developed recommendations regarding the improvement of the methodology of financial analysis carried out during the monitoring period in order to detect deliberate bankruptcy. The authors also specified the financial coefficients and the analysis procedure.