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

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

Published Online: 18 Jan 2022
Volume & Issue: Volume 1 (2021) - Issue 2 (December 2021)
Page range: 80 - 88
Received: 22 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

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.

Keywords

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