It is a well-known fact in the scientific and professional public that there is no perfect financial reporting. The complexity of the company's operations on the one hand and the impossibility of monitoring the development of accounting rules to record every business situation that occurs during the business year on the other hand, open room for maneuver for the occurrence of fraud in financial statements. Managers, accountants, internal and external audit are responsible for fraud in the financial statements. Certain positions in the financial statements are a frequent target of fraudsters. In this paper, we will analyze which are the items that are a frequent target of fraudsters. The aim of the research in this paper is to point out the manipulation techniques and instruments for fraud prevention in financial statements. The research methods used in this paper are: analytical method, statistical method, induction method and deduction method. The results of this research are a systematic presentation of the identification of individual items in the financial statements and instruments for their prevention. Based on the conducted research, we conclude that the most important thing for those responsible for compiling and examining items in the financial statements is ethics.