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In the paper, we propose an original approach to financial statements fraud risk assessment based on the augmentation of existing risk-oriented audit concept towards taking into account the behavioral aspects. We propose to divide the fraud factors into two groups. The first includes environmental factors. The second involves the individual characteristics of the people who are responsible for financial statements reliability. In the second group, we are identifying the basic individual features that associated wi...

Modern fuel and energy complex is an important element of global economy. Its development produces risks for global and national economic systems. ItВ’s very important to develop tools for quantitative assessment these risks. For today an empirical studies that use statistical tools for solving this problem are very rare. We propose to conduct a comprehensive formal evaluation of the energy vulnerability by building ratings of the countries. The rating is based upon a number of indicators related to key energy vul...

Information asymmetry is the most significant factor slowing down the financial market development, that exists at the moment in Russian economy, which is due to the lack of reliable financial statement information for investors. The main reasons for the current situation are the increase in the number of attempts and the variety of methods for falsifying the public companies financial statements. Therefore, an external audit conducted to increase investor confidence in the reliability of public companies' financi...