Professional paper
https://doi.org/10.51650/ezrvs.17.1-2.7
DETECTION OF FRAUD AND CRIMINAL ACTIONS IN FINANCIAL REPORTS USING FORENSIC ACCOUNTING
Nemanja Budimir
orcid.org/0000-0001-9916-6729
; Fondacija „Andrej Budimir“ , Stevana Prvovenčanog, 78 000 Banja Luka, Bosna i Hercegovina; Bryggan- Motala Kommun, Švedska
Tanja Budimir
Abstract
Financial statements provide data on core economic transactions. People who use information from reports are faced with a large amount of information, so they can find themselves in a situation where they ignore key information. However, if some manipulative techniques are applied during the creation of financial reports in order to show better business results, the quality of the report is impaired. A large number of financial frauds led to a huge mistrust in the financial reporting system and the accounting and auditing profession. Namely, they are often accused of causing fraud, but also of being responsible for the loss of confidence in the reliability of financial reports. The term fraud means profiting by means of illegal actions, procedures or tricks, and it mainly means the theft of funds, information, application and use of property without permission. Namely, in order to prevent and detect criminal acts in financial reports, the accounting profession uses forensic accounting. The task of this type of accounting is to investigate fraud in reports through the application of procedures and means permitted by law.
Keywords
financial reports; fraud; criminal acts; forensic accounting.
Hrčak ID:
306194
URI
Publication date:
17.7.2023.
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