Accounting and legal aspects of ensuring economic security when disclosing information in accounting (financial) statements

The article presents accounting and legal features of financial reporting formation under the conditions of ensuring criteria for reliability and completeness of  information support. Legal aspects aimed at comprehensive implementation of accounting principles and disclosure in financial statements are considered. Emphasis is placed on important decisions by the legislative authorities of the Russian Federation (hereinafter referred to as RF) to counter fraudulent practices with financial reports. The authors have taken as a basis the positive experience of implementing Article 18 of Federal Law No. 402-FZ dated December 6, 2011. The specifics of legal norms and their levels of regularity influencing economic security when disclosing accounting (financial) information involved in the Action Plan until 2030, approved by Order No. 53 of the Ministry of Finance of the RF dated February 18, 2023, are analysed. A graphical model of processes and objects affecting economic security in the context of interaction between legal peculiarities, regularities, and anti-fraud systems is proposed. An expert approach to assessing the impact of legal initiatives from the Action Plan on challenges to economic security has been substantiated, identifying four zones of expert attention. The nature of data distortion, including key instances of fraud, in the disclosure of financial statement information was examined. The research objective is to monitor accounting and legal features and levels of regularity regarding ensuring economic security and combating fraud by an economic entity when disclosing accounting (financial) information. The main results can serve as a theoretical foundation for developing a set of preventive measures aimed at enhancing the effectiveness of countering dishonest (fraudulent) actions and improving economic security.

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