Main factors and methods of distortion of economic information in accounting (financial) statements

The article discusses the issues of determining the types of main factors of distortion of economic information in accounting (financial) statements. The methods of misrepresentation include abuse of inventory accounting, depreciation, recognition of income and expenses, changes in asset valuation, etc. The result of the study is the actualization of the issue of the importance of transparency of accounting statements for stakeholders, as well as the need to develop internal control systems and regular audits to minimize the risks of misstatement.