Importance The article investigates issues of identifying corrupt business strategies, which State-owned companies may practise. The research examines how corrupt strategies influence financial reporting indicators. Objectives The objective of the research is to devise analytical tools in order to identify corrupt business strategies State-owned companies may implement. Methods The methodological framework comprises objective principles of the systems approach, data grouping, use of economic analysis, logic and comprehensive approaches to evaluating economic phenomena and processes. Results I investigate types of corrupt business processes, their implementation algorithms, factors fueling corrupt strategies and their implementation. The article mentions strategies for misappropriating fixed assets, inventories, accounts receivable, and corporate encumbrance strategies. I overview schemes for embezzlement of financial results, including those used in distribution, purchasing, servicing, license, financial, production and holding companies. The article also describes methods for overstating the company's expenditures, reviews my methods for analyzing State-owned companies, and systematizes analytical indicators involved. I examine procedures for identifying corrupt practices in relation to assets and liabilities. Conclusions and Relevance I propose my own methods for a preventive analysis and remote monitoring of State-owned companies' operations in order to detect corrupt strategies in relation to assets, liabilities, financial results. The methods include two steps, i.e. remote monitoring of financial reporting and identification of corrupt strategies by analyzing transactions and activities of top executives. I substantiate indicators for evaluating the quality of financial reporting figures, including the quality of assets, equity, financial results. The article may prove useful for specialists working in State financial control services.
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