1. bookVolume 1 (2021): Issue 2 (December 2021)
Journal Details
License
Format
Journal
eISSN
2744-1687
First Published
17 Jul 2021
Publication timeframe
2 times per year
Languages
English
access type Open Access

Forensic accounting: state and development perspectives in the Republic of Croatia

Published Online: 18 Jan 2022
Volume & Issue: Volume 1 (2021) - Issue 2 (December 2021)
Page range: 48 - 63
Received: 15 Nov 2021
Accepted: 20 Dec 2021
Journal Details
License
Format
Journal
eISSN
2744-1687
First Published
17 Jul 2021
Publication timeframe
2 times per year
Languages
English
Abstract

Forensic accounting as a profession plays a major role in preventing and detecting frauds and almost in all areas of business there is a need for the services of forensic accountants. In modern conditions, when the whole world is struggling with the COVID-19 pandemic and the consequences it brings, an increase in the number of frauds is expected, which will result in an increase of demand for specially trained experts in the area of fraud prevention and detection. In this context, this paper emphasizes the role of forensic accountant in the fight against fraud and presents the occupational standard and qualification standard developed for this profession in the Republic of Croatia. The occupational standard identifies key jobs within the profession as well as the competences that a person needs to possess to successfully perform jobs within the profession.

Keywords

ACFE. (2020). Report to the nations, 2020 Global Study on Occupational Fraud and Abuse. Retrieved from: https://acfepublic.s3-us-west-2.amazonaws.com/2020-Report-to-the-Nations.pdf (Accessed October 20, 2021) Search in Google Scholar

ACFE. (2021). The next normal: preparing for a post-pandemic fraud landscape, Association of Certified Fraud Examiners, Austin, USA: 716 West Ave. Search in Google Scholar

AICPA. (2004). Discussion Memorandum: Forensic Services, Audits and Corporate Governance: Bridging the Gap. Retrieved from: https://www.icjce.es/images/pdfs/TECNICA/C03%20-%20AICPA/C311%20-%20Estudios%20y%20Varios/Discussion%20Memo%20re%20Forensic%20services,%20audits%20and%20CG%20-%2015072004.pdf (Accessed October 18, 2021) Search in Google Scholar

AICPA. (2009). Characteristics and Skills of the Forensic Accountant. Retrieved from: http://thefraudgroupllc.com/tools/library/documents/forensic.pdf (Accessed October 20, 2021) Search in Google Scholar

AICPA. (2017). Model Curriculum Forensic Accounting. Retrieved from: https://www.aicpa.org/content/dam/aicpa/interestareas/forensicandvaluation/membership/downloadabledocuments/aicpamodelforensicaccountingcurriculum.pdf (Accessed October 20, 2021) Search in Google Scholar

Belak, V., (2011). Poslovna forenzika i forenzično računovodstvo. Zagreb: Belak Excellens d.o.o. Search in Google Scholar

Belak, V., (2017). Lažiranje financijskih izvještaja, prijevare i računovodstvena forenzika, 60 slučajeva iz prakse. Zagreb: Belak excellens d.o.o. Search in Google Scholar

Beljo Lučić, R., Buntić Rogić, A., Dubravac Šigir, M., Dželalija, M., Hitrec, S., Kovačević, S., Tatalović, M. (2009). Hrvatski kvalifikacijski okvir - Uvod u kvalifikacije, Zagreb: Vlada Republike Hrvatske, Ministarstvo znanosti, obrazovanja i športa. Search in Google Scholar

Italia, M. (2012). The Multi-Disciplined Skills Required of Forensic Accountants. Journal of Modern Accounting and Auditing 8(3), pp. 365-373. Search in Google Scholar

Karpoff, Jonathan M. (2020). The Future of Financial Fraud. Journal of Corporate Finance, Forthcoming. Retrived from: SSRN: https://ssrn.com/abstract=3642913 or http://dx.doi.org/10.2139/ssrn.3642913 (Accessed October 20, 2021)10.2139/ssrn.3642913 Search in Google Scholar

Waldkirch, A. (2021). Firms around the World during the COVID-19 Pandemic. Journal of Economic Integration 36 (1), pp. 3-19.10.11130/jei.2021.36.1.3 Search in Google Scholar

Oh, E.. (2017). Demand for forensic accounting is growing. Retrived from: https://www.accaglobal.com/in/en/member/member/accounting-business/2017/03/practice/forensic-accountants.html (Accessed March 8, 2021) Search in Google Scholar

Ministarstvo znanosti i obrazovanja. Hrvatski kvalifikacijski okvir. Standard zanimanja financijsko-računovodstveni forenzičar, Retrieved from: https://hko.srce.hr/registar/standard-zanimanja/detalji/7 (Accessed October 20, 2021) Search in Google Scholar

Ministarstvo znanosti i obrazovanja. Hrvatski kvalifikacijski okvir. Standard kvalifikacije magistar/magistra financijsko-računovodstvene forenzike, Retrived from: https://hko.srce.hr/registar/standard-kvalifikacije/detalji/28 (Accessed October 20, 2021) Search in Google Scholar

Wiesenfeld, J., (2020), COVID-19 challenges to forensic accounting, Retrieved from: : https://www.journalofaccountancy.com/newsletters/2020/oct/coronavirus-challenges-forensic-accounting (Accessed October 20, 2021) Search in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo