Designing a Model for the Distribution of Powers in the Corporate Governance of a Borrower Enterprise as a Fraud Prevention Tool: An Accounting and Analytical Perspective
DOI:
https://doi.org/10.32515/2663-1636.2026.15(48).277-291Keywords:
accounting and analytical support, internal control, internal audit, compliance, compliance management, economic security, fraud, anti-fraud measures, lendingAbstract
Fraud in credit relations remains one of the key risks to financial stability, which necessitates the development of effective institutional mechanisms for its prevention. The purpose of this article is to substantiate the theoretical and methodological foundations for building a role-based model for the distribution of powers in the corporate governance of a borrowing enterprise as a tool for preventing fraud in the context of accounting and analytical support.
It has been proven that the enterprise accounting and analytical support system must function as an integrated management platform for early detection and prevention of fraudulent practices throughout the entire credit cycle. A role-based model for managing fraud risks has been justified, which is based on a clear separation of strategic, managerial, operational, legal, and control powers among corporate governance participants. Particular attention is given to the accounting department, whose powers are considered within a two-component model of direct and indirect functions, as well as its interaction with the compliance management system in the context of the three lines of compliance control model.
The study found that effective prevention of credit transaction fraud is ensured by a clear institutional separation of strategic, managerial, operational, and control powers among corporate governance participants, where the accounting department functions not as a technical unit but as an institutional center of financial reliability, with a compliance management system serving as its end-to-end coordination mechanism. It has been proven that the practical effectiveness of preventing credit transaction fraud significantly increases when the role of the accounting department is reconsidered - from a technical unit for recording accounts to an institutional center of financial reliability and control-based reproducibility of business events. The proposed approach allows borrowing enterprises to build an integrated anti-fraud control system, in which compliance management serves as a continuous coordination mechanism that integrates accounting, analytical, and supervisory functions into a unified credit cycle risk management system
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Copyright (c) 2026 Iryna Smirnova, Volodymyr Shalimov Nadiia Smirnova
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