This paper deals with the topic of fraud in international business. In modern business, an important role has been played by multinational companies, and accordingly, most business is conducted on the international level. They are the bearer of the process by which the world tries to connect into one global market. As in any business, and especially in the international business, companies are faced with numerous risks, the most devastating of which are frauds. The most common frauds are related to money laundering, tax evasion, various frauds with financial statements and internet frauds. This paper analyzes the scandal of the company "Parmalat SpA", which is considered one of the biggest European frauds, and the scandal of the company „Wirecard“. Both scandals are based on the falsification of financial statements. The example of "Agrokor", the largest Croatian company, which was led to financial collapse due to financial fraud and falsification of financial statements, was also analyzed.