Critical analysis of Methodological recommendations for identifying signs of enterprise insolvency and signs of actions to conceal bankruptcy, fictitious bankruptcy or bringing to bankruptcy
29 November 2022
The shortcomings of the current Methodological Recommendations were analyzed and an updated version of the approach to the liquidation analysis of enterprises was proposed, which would simplify the bankruptcy procedures. The procedures for identifying signs of enterprise insolvency, actions to conceal bankruptcy, fictitious bankruptcy or bringing to bankruptcy were formalized; as well as the procedures for timely identification of the formation of an unsatisfactory balance sheet structure in order to take measures to prevent the bankruptcy of enterprises were suggested, along with the ways of identification of reserves for increasing production efficiency and restoring the solvency of enterprises through their rehabilitation.