<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>The aim of this paper is to approximate the current state of risk management in irregularities and fraud in public sector organizations. Current regulations in the field of financial management and control in the public sector in the Federation of Bosnia and Herzegovina define the concepts of irregularities and fraud within the system of internal controls in public sector organizations, the responsibility of management and employees for reports and actions. The paper will present data from official consolidated reports on the functioning of the financial management and control system, which indicate that the management of risks of irregularities and fraud and the implementation of actions to prevent and eliminate irregularities and fraud by users are still insufficiently developed. The possible causes of such a situation will be analyzed, and possible solutions will be considered: elaboration of legal enactments and concretization of individual roles in taking actions against irregularities and fraud.</p>
</abstract>

The aim of this paper is to approximate the current state of risk management in irregularities and fraud in public sector organizations. Current regulations in the field of financial management and control in the public sector in the Federation of Bosnia and Herzegovina define the concepts of irregularities and fraud within the system of internal controls in public sector organizations, the responsibility of management and employees for reports and actions. The paper will present data from official consolidated reports on the functioning of the financial management and control system, which indicate that the management of risks of irregularities and fraud and the implementation of actions to prevent and eliminate irregularities and fraud by users are still insufficiently developed. The possible causes of such a situation will be analyzed, and possible solutions will be considered: elaboration of legal enactments and concretization of individual roles in taking actions against irregularities and fraud.

Taking Action Against Irregularities and Fraud - Are We Still at the Beginning?

Journal of Forensic Accounting Profession

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Taking Action Against Irregularities and Fraud - Are We Still at the Beginning?"}

The aim of this paper is to approximate the current state of risk management in irregularities and fraud in public sector organizations. Current regulations in...

Taking Action Against Irregularities and Fraud - Are We Still at the Beginning?

Published Online: Jul 11, 2022

Page range: 19 - 28

Received: May 07, 2022

Accepted: May 30, 2022

DOI: https://doi.org/10.2478/jfap-2022-0002

Keywords
Financial Management and Control, Internal Control System, Irregularity, Fraud

© 2022 Belma Islamović, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Taking Action Against Irregularities and Fraud - Are We Still at the Beginning?

Published Online: Jul 11, 2022

Page range: 19 - 28

Received: May 07, 2022

Accepted: May 30, 2022

DOI: https://doi.org/10.2478/jfap-2022-0002

KeywordsFinancial Management and Control, Internal Control System, Irregularity, Fraud

© 2022 Belma Islamović, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Financial Management and Control, Internal Control System, Irregularity, Fraud