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ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

Five-year experience in quality control over cash flow statements in Russian companies

Vol. 19, Iss. 10, OCTOBER 2020

Received: 27 July 2020

Received in revised form: 13 August 2020

Accepted: 28 August 2020

Available online: 29 October 2020


JEL Classification: C83, G30, G32, M42

Pages: 1945–1964


Alekseev M.A. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation

ORCID id: not available

Savel'eva M.Yu. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation


Dudin S.A. Novosibirsk State University of Economics and Management (NSUEM), Novosibirsk, Russian Federation


Subject. The article considers the quality control over cash flow statements. Nowadays, audit procedures apply rather simple analytical tools to assess the reliability of this type of accounting reports. There is, therefore, an objective need to develop them.
Objectives. The aim is to assess the quality of cash flow statements for the 5-year period from 2014 till 2018, and prove the interrelation between the scale of manipulation in accounting statements and the economic situation in the country and in the sector.
Methods. The study employs theoretical and practical works of foreign and Russian scientists on accounting misstatements.
Results. We use a large amount of information to develop and test a methodology for checking the quality of accounting reports, including the assessment of credibility of a statement as a whole, as well as its pats, i.e. cash flows from operations, investments, and financial transactions.
Conclusions. It is recommended to use the offered methodology by audit companies and financial analysts to find out companies involved in accounting manipulation.

Keywords: financial statements, financial statement manipulation, misstatement, statement of cash flows, methodology for estimating the quality of cash flow statement


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