Optimizing the Forensic Diagnostics and Audit of Activities of Economic Entity
Authors:   State University of Trade and Economics, Patskan Yuliia V. , Nazarova Karina O. ,   State University of Trade and Economics
Published: February 2025

The article is aimed at developing theoretical and methodological foundations and practical recommendations for improving the process of forensic diagnostics and audit of the activities of an economic entity, which provides for the creation of tools for detection, prevention and minimization of financial risks and fraud, as well as increasing the level of transparency and economic security of the enterprise. The article characterizes the scientific international and domestic achievements of scholars, the experience of practical activities of audit firms, as well as analyzes the key aspects of optimizing the forensic diagnostics and audit of the activities of an economic entity. The optimal approach is defined, which is a combination of automated tools with the work of professional forensic diagnostics experts and ensures maximum efficiency and accuracy. Automation provides scalability, and forensic diagnostics allows you to take into account the individual characteristics of cases, which is achieved by reducing risks due to the correction of errors by forensic diagnostics experts or algorithm bias. The combined approach allows you to obtain a balance between the efficiency of technology and the analytical abilities of an individual. An important stage in the optimization of forensic diagnostics, which is explored in the article, is the improvement of analysis methods that focus on the integration of advanced algorithms, process automation, big data processing and visualization improvement. These innovations provide an accurate, fast, and comprehensive approach to fraud detection, which is essential for modern business and the transparency of forensic diagnostics and audit results. Their implementation allows for minimizing risks, reducing costs and increasing the efficiency of internal control. The proposed modernization of analysis methods will help reduce the cost of manual processing, increasing the productivity of forensic teams. By predicting the risks of fraudulent actions in the process of applying modernized analysis methods, companies will be able to reduce losses associated with fraud. A next step in the optimization of forensic diagnostics is a risk-based approach in forensic diagnostics, which involves the identification, assessment and prioritization of risks to optimize the processes of detecting fraud, criminal actions or violations. This approach allows you to focus on the most critical areas, where the probability of errors or losses is highest, and provides a more efficient allocation of resources. Optimization of the risk-based approach in forensic diagnostics and audit allows not only to identify current risks, but also to predict possible threats, reducing the number of incidents through a proactive approach and preparedness for potential challenges and threats. Integrating forensic diagnostics with other business processes will allow companies to better control their operations, reduce fraud risks, and comply with regulatory requirements.