abstract: This research is aimed to identify the similarities and differences of financial ratios used in the international methods for detecting insolvency (bankruptcy) and bankruptcy fraud.This is the first step in the process of developing a Latvia model of bankruptcy fraud detection.The methods of research: literature review, analysis and synthesis, comparative and correlation analysis.The selection of the analysed financial ratios is based on data from 28 bankruptcy forecasting models tested in Latvi
journal: Sociālo Zinātņu Vēstnesis=Social Sciences Bulletin