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

The integration of data analytics into forensic accounting has revolutionized the detection and prevention of financial fraud. This paper conducts a comprehensive analysis of recent advancements in this field, highlighting the application of machine learning, data mining, and big data techniques in identifying fraudulent activities. By reviewing the latest research and examining case studies, we demonstrate the enhanced accuracy and efficiency these technologies offer over traditional methods. The findings suggest that financial institutions should adopt these advanced tools to mitigate fraud risks and improve overall financial security.
The paper also explores future research directions, emphasizing the need for developing hybrid models and real-time detection systems to further enhance fraud detection capabilities.
</abstract>

PhD candidate in Management, University of Sarajevo

Innovative approaches in forensic accounting: The role of data analytics

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The public sector of the Federation of Bosnia and Herzegovina (FBiH) from the aspect of complexity and comprehensiveness, includes all levels of government established within the state government, public companies, and the insurance system including: pension, health and social. The importance of performing duties and obligations in a transparent manner, and the possibility of detecting warning factors for corrupt activity are especially important in the public sector.
Corrupt activities at all levels of the state structure of Bosnia and Herzegovina (BiH), as well as fraudulent behaviour and abuses within it, are precisely the consequences of the complexity of the state system, and the impossibility of efficient and rational use of public funds. Adequately organized, in accordance with the law, and accepted as such by employees within a certain public sector organization, internal auditing contributes to more efficient operations and prevention of corrupt practices. The aim of the subject research is to look at the process of functioning of the internal audit in the public sector of FBiH in the field of prevention of corrupt activities. The results of the research indicate the non-functioning and non-establishment of the internal audit in the manner specified by law, as well as the inadequate implementation of its recommendations, degrading and derogating its role, importance and contribution in the prevention of corrupt activities in the public sector of FBiH.
</abstract>

University of Sarajevo, School of Economics and Business

Internal Audit in the function of preventing corruptive activities in the public sector of the Federation of Bosnia and Herzegovina

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In this paper, we investigate the determinants of bank profitability by examining endogenous factors used to measure the size of a financial institution. We underscore the significance of bank employees in embodying institutional values and playing a pivotal role in sales channels, as well as the impact of technological integration on customer expectations and workforce dynamics.
Utilizing a dataset from regulatory agencies, which includes information from 47 banks and insurance companies in Bosnia and Herzegovina for the year 2021, the study explores the relationship between the independent variables which include the volume of total assets and the number of employees, and the dependent variable for profitability. By calculating Return on Equity (ROE) and employing a multiple linear regression model, the study finds that a statistically significant relation between independent variables and the dependent variable does not exist. Despite this, the research highlights the need for further investigation, particularly considering the differentiation between banks and insurance companies, the potential impact of outliers, and the broader economic context of the year studied. The findings suggest that a more refined model, possibly incorporating panel data, could provide clearer insights into the profitability determinants of financial institutions in Bosnia and Herzegovina.
</abstract>

Impact of size of banks and insurance companies on their profitability in Bosnia and Herzegovina

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This literature review focuses on concepts related to the role of information technology (IT) capabilities and managerial support in the context of advancing digital transformation and improving internal audit in the institutional environment. Through the synthesis of relevant academic sources, it is investigated how IT capacities and strategic management support influence the organizational ability to adapt to digital innovations. Special emphasis is placed on the complex dynamics that shape the interactions between these factors and their impact on institutional responsibility and performance.
The results of the literature review illustrate the key mechanisms that support the digital transformation process, including the integration of technological systems, the development of digital competencies, and the role of management in providing resources and support. Further, a deeper understanding of the complexity of these interactions serves as a basis for further research in the field of digital transformation management and internal audit in an institutional context.
</abstract>

The role of IT capabilities and managerial support in advancing digital transformation and internal audit: a literature review

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The anti-aging industry has experienced rapid growth driven by significant advancements in biotechnology, consumer interest in longevity, and substantial investment. This study explores the financial sustainability and risk management practices of anti-aging startups, highlighting key challenges and opportunities. Through case studies, the research examines funding strategies, regulatory hurdles, and market dynamics. Successful startups demonstrate robust financial planning, strategic partnerships, and innovative technological approaches, while unsuccessful ventures reveal the high risks associated with clinical development. The findings underscore the importance of comprehensive risk management and strategic financial planning in achieving long-term sustainability. This research provides valuable insights for entrepreneurs, investors, and policymakers aiming to navigate the complex landscape of the anti-aging market.
</abstract>

Fınancıal sustaınabılıty and rısk in antı-agıng startups

AHEAD OF PRINT

Volume 4 (2024): Issue 1 (June 2024)

Volume 3 (2023): Issue 2 (December 2023)

Volume 3 (2023): Issue 1 (June 2023)

Volume 2 (2022): Issue 2 (December 2022)

Volume 2 (2022): Issue 1 (June 2022)

Volume 1 (2021): Issue 2 (December 2021)

Volume 1 (2021): Issue 1 (June 2021)

Journal of Forensic Accounting Profession

 The Journal of Forensic Accounting Profession (JFAP) publishes creative and innovative studies employing research methodologies that logically and clearly identify, describe and illuminate important academic forensic accounting issues; tests and improves forensic accounting research skills, tools, and techniques; stimulates discussion and experimentation in instructional means, methods, and materials in the field of forensic accounting and research in general; exchanges ideas and findings about developments related to the instruction, learning, and curricular issues of forensic accounting and fraud education.  We would like to welcome you and your colleagues to submit original scientific and professional papers in the field of forensic accounting, including financial investigations, forensic audits, financial expertise, and other forensic accounting services. Additionally, papers of a multidisciplinary approach in the fields of economics, law, criminology, sociology, and psychology that ultimately contribute to the fight against fraud in societies are welcome for publication.  All submissions must be original and unpublished. Submissions must be written in English.　  Coverage  The Journal of the Forensic Accounting Profession covers the following topics (but is not limited to):    Behaviour and judgment in forensic accounting  Business valuation  Computer forensic analysis  Consumer frauds  Corruption  Cross-cultural issues in fraud  Data analytics  Expert witness activities  Ethics  Fraudulent financial reporting  Fraudulent accounting research  Governance and fraud  Insurance recovery  Internal controls  Investment scams  Litigation support/services  Pattern recognition and anomaly detection  Professional regulation and policy issues  Psychology and social psychology of fraud  Tax fraud  Technology for detecting, investigating and/or committing fraud  Theft of corporate assets　   Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 