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The most common examples of financial fraud in Bosnia and Herzegovina: A practical insight

Author

Listed:
  • Lalić Srđan

    (Univerzitet u Istočnom Sarajevu)

  • Jovičić Željana

    (Ekonomski fakultet Banja Luka)

  • Bošnjaković Tanja

    (Poreska Uprava Republike PJ Bijeljina)

Abstract

The aim of this paper is to shed light on the two most common examples of financial fraud, which occur in most businesses in Bosnia and Herzegovina. The causes and consequences of the mentioned financial frauds will be analyzed, as well as the reasons why they were not procedurally discovered in time. The first example is related to the inflow of money from abroad, which creates doubts about merits, while the second example is related to the presentation of operating losses and reduced tax liabilities of related legal entities. Each of the examples will be analyzed in detail in terms of the causes of financial fraud, the manner of their implementation, the relevant accounting records, and finally the manner of their detection.

Suggested Citation

  • Lalić Srđan & Jovičić Željana & Bošnjaković Tanja, 2021. "The most common examples of financial fraud in Bosnia and Herzegovina: A practical insight," Journal of Forensic Accounting Profession, Sciendo, vol. 1(2), pages 80-88, December.
    • Handle: RePEc:vrs:jfaccp:v:1:y:2021:i:2:p:80-88:n:2
    DOI: 10.2478/jfap-2021-0010
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    References listed on IDEAS

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    1. Sevala Isakovic-Kaplan & Lejla Demirovic & Mahir Proho, 2021. "Benford’s Law in Forensic Analysis of Income Statements of Economic Entities in Bosnia and Herzegovina," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 23(1), pages 31-61, June.
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