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Digest Finance
 

Financial and economic expert analysis when examining objective business bankruptcy: Bringing persons to subsidiary liability

Vol. 28, Iss. 4, DECEMBER 2023

PDF  Article PDF Version

Received: 11 December 2023

Received in revised form: 12 December 2023

Accepted: 14 December 2023

Available online: 28 December 2023

Subject Heading: Financial control

JEL Classification: E42, E52, М42, P44

Pages: 439–460

https://doi.org/10.24891/df.28.4.439

Svetlana V. KOZMENKOVA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
skozmenkova@yandex.ru

https://orcid.org/0000-0002-1105-5790

Lidiya P. IZHNINA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
upik@mail.ru

ORCID id: not available

Irina A. KISELEVA National Research Lobachevsky State University of Nizhny Novgorod (UNN), Nizhny Novgorod, Russian Federation
kiselevai3@rambler.ru

https://orcid.org/0000-0002-3158-8578

Subject. This article discusses the issues related to the bankruptcy of organizations and the conduct of financial and economic expert examination in cases of bringing the debtor controlling persons to subsidiary liability during the investigation of the bankruptcy of organizations.
Objectives. The article aims to study the peculiarities of the methodology of financial and economic expert examination as a form of application of special knowledge in cases of bringing persons controlling the debtor in the investigation of bankruptcy of organizations to subsidiary liability.
Methods. For the study, we used analysis, synthesis, systematization, and generalization.
Results. Based on the results of the study, the article presents the goal, subject, and also determines the types of the mentioned financial and economic expert examination.
Conclusions and Relevance. The analysis of financial and economic expert examination in cases of bringing persons to subsidiary liability in the consideration of bankruptcies of organizations reveals the lack of regulated and standardized methods, which complicates the work and may raise questions among interested parties. The efficiency of the expert's work is increased with the use of programs for working with analytical tables for financial analysis, which require digitized financial statements and other information that constitutes the object of expert examination. The results of the study can be applied in the theory and practice of financial control and financial and economic expert examination.

Keywords: financial and economic examination, financial ratios, bankruptcy of organizations, vicarious liability, debtor controller

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