The article examines how global financial crises and cataclysms that took place in the first quarter of the 21st century affectedthe corporate finance system. Such aspects of corporate finance as the internal control system, corporate governanceprinciples, risk assessment, management and financial reporting are considered. Based on the analysis of publicly availableinformation, statistical data and regulatory documents, the main changes in the above-mentioned areas of corporatefinance that took place after the bankruptcy of Enron in 2001, the crisis in the US mortgage market and the subsequentfinancial crisis of 2008, the impact of the sanctions since 2014, as well as the consequences of the COVID-19 pandemic in2019 are identified.
Among the key factors that have influenced corporate finance, the following stand out: the growth in the number anddiversity of regulatory requirements and restrictions (management and monitoring of regulatory compliance has becomea separate and important area in corporate finance); a significant increase in the complexity and multifactorial nature offinancial models and various forms of reporting; a reduction in the “planning horizon”, and an increase in the speed ofbusiness response and readiness for constant and unexpected changes in strategy, operational management, restructuringand rapid adaptation of existing business processes and systems.

This article was submitted 19.07.2024