<abstract xmlns="http://www.w3.org/1999/xhtml">The field of business ethics has received considerable attention from the corporate, academic, and public sectors over the past several decades. A key purpose of this paper is to examine existing research and knowledge creation in the field of business ethics. The paper includes systematic literature review using bibliomteric analysis which covers 50 articles, published in 11 peer-reviewed journals from 1994 to 2019, examining the methodological and theoretical approaches, as well as the main research focus areas. We found significant amount of studies concerning business ethics appeared mostly in business ethics journals. We identified seven areas of research covered by numerous authors in the observed period, of which three predominate: corporate culture; education; and national (cultural) approach to business ethics.</abstract>

A Bibliometric Overview of Business Ethics

<abstract xmlns="http://www.w3.org/1999/xhtml">This study explores revenue recognition and reporting expenses relevant to the stage of completion of the contract agreements. Literature suggests that the taxation effects financial reporting, realization of capital gains as well as revenue recognition. We argue that construction firms make use of these estimates to postpone revenue and value added tax recognition. The analysis grounds on the assumption that the value added tax effects timely recognition of revenues from construction agreements, where managers are incentivized to underestimating stage of completion and suppress recognition of gross earnings to better align emerging of the value tax related liability with contracted and expected inflows of cash. Results show that the revenue recognition is positively associated with reported income before tax and cost of material as a direct expense that can be allocated to the execution of construction agreements. These findings build baseline for future research that assesses effects of newly adopted standard IFRS 15 on real earnings management practice in construction industry of Bosnia and Herzegovina.</abstract>

Revenue Recognition and Real Earnings Management in Bosnian Construction Industry

<abstract xmlns="http://www.w3.org/1999/xhtml">We are witnessing an increasing frequency of illegal actions and fraud in the business of legal entities, which directly reflects on the quality of information presented in financial statements. Internal audit does not primarily deal with the audit of financial statements, but through verifying the application of accounting policies and procedures it helps to gain reasonable assurance that the financial statements are reliable and that they are presented fairly. The role of internal audit in the fraud detection process is reflected in the fraud risk assessment in the internal audit planning process, and through performing work engagements to detecting them. In this paper, we will present risk assessment techniques, which the internal auditor can apply in quantitative and qualitative assessment of fraud risk, and in identifying priority areas/audit processes. The aim of this paper is to point out the importance of the role of internal audit, through the application of techniques, tools and prescribed responsibilities for risk assessment, in the process of detecting fraud in companies that cause incalculable damage on a daily basis.</abstract>

Internal Audit Risk Assessment in the Function of Fraud Detection

<abstract xmlns="http://www.w3.org/1999/xhtml">Forensic accounting in scientific sense is the part of accounting that assumes the practice of scientific techniques and methods in conducting investigations and detecting criminal activities in financial statements, business statements and companies. One such tool in detecting anomalies in accounting records is the Benford’s Law, which gives the expected pattern of digit frequencies in numeric data sets according to their position in numbers. Because of this property, Benford’s law has become a significant forensic tool for the detection of anomalies, especially in financial business. One of the most important sources is account turnover data in the observed period, which has a debt and credit side. A classic way of analyzing these liabilities is to merge them and then look for a pattern of leading digits. In such approach, it is not possible to properly determine the source of anomalies, which are a guide to deeper analysis. For such purposes, a variant of the Hosmer-Lemeshow test is designed.</abstract>

FINra Tuzla and University “VITEZ” Vitez, Faculty of Business Economics

Benford’s Law in Forensic Analysis of Registered Turnover

<abstract xmlns="http://www.w3.org/1999/xhtml">Groups of companies have existed ever since the early 20th century in the legal and economic terms. Over time, their concept was complemented, both in legislation and in the corporate practice. The issue of establishing and managing groups of companies is regulated by the corporate legislation. It particularly regulates the concept of the controlling and subsidiary company, company with mutual shares, holding, concern, association of companies and other forms of company associations. In terms of the legal definition, these are associated companies composed of two or more companies that are affiliated to each other as follows: by share in equity or membership interests (equity-related companies), by contract (contract-related companies); by equity and contract (mixed-related companies). These associated companies include a parent company and one or more subsidiary companies, which may be related by equity, contract or both. Besides the general concept of the associated companies, the author aims to point to the liability in a common activity as a group of companies. A particular attention is drawn to the legal treatment and obligations resulting from the International Accounting Standards and binding financial statements related to them.</abstract>

Groups of Companies and Liability within the Group

AHEAD OF PRINT

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. 