The article is devoted to the problems of identifying, improving areas of prevention and combating corporate fraud. The article explores the dynamics of corporate fraud, and analyzes their classification. The article provides an analysis of the stages of development of international legal regulation of the specified subject area, which allowed to determine the composition and structure of information subject of economic control. In addition, the main methods of corporate fraud are identified. The research methodology was based on the main regulatory legal framework controlling the specified subject area. Based on the results of the study, a refined procedure for detecting fraud and distortion was developed and a model for detecting fraud was developed. A study conducted by the authors revealed that only the regulator and then the law enforcement agencies can give an unambiguous interpretation of actions on fraud and falsification of data in the financial statements of financial sector organizations. But at the same time, the presence of “stop factors” in the organization’s work, signaling signs of fraud and falsification of data in the financial statements, allows to quickly pause the production and business activities of investors and counterparties with this financial institution and avoid larger losses. It is concluded that in the current system of economic control, a number of areas that need significant changes are clearly distinguished.
The paper attempts to highlight of the security crisis measures of internal and external of diplomatic mission before or after exposure of risk. Diplomatic missions represent their country, as an authority and an entity, concerning their diplomatic obligations towards the receiving State. The mission may be exposed to natural events such as earthquakes and floods or manmade events such as breaking thru a location for causing terrorism and electronic espionage. The employees, on their various levels and job positions, devotion to work and loyalty to their country, are the secret of their success in achieving the mission security. Security comes from the inside before being achieved from the outside. Working within a one-team-spirit increases the preparations for facing risk plus the incessant coordination with the receiving State governmental departments for reporting to them about any potential emergency that may occur. This increases the mutual trust between the mission of the guest country and the receiving State in crisis management. The evaluation of maintaining security success is a reflection to the receiving State power, the velocity and wisdom of the procedures taken by the mission of the guest country.