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

Fraud in accounting, as well as falsification of financial statements, has a long history, and in recent years their scale has been growing and with much more serious consequences. Decisions made by investors and other users of financial statements based on erroneous financial information cause enormous damage to users of financial information, but also to the general public. Many major financial frauds are only detected when companies reach the point of financial collapse, in a situation where it is difficult to do something to repair major damages.
</abstract>

University of Sarajevo - School of Economics and Business

State and Perspectives of Forensic Accounting Development in Bosnia and Herzegovina

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

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.
</abstract>

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

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

Public procurement system, which is being implemented in Bosnia and Herzegovina, is an integrated system that includes a large number of actors. This system is described, including the identified competencies and responsibilities of all participants, by law and bylaws. And, corruption is one of the social phenomena whose definitions change in time and space. Many behaviors that are considered corruption today have been an integral part of regular behavior in the past.
</abstract>

Public Procurement Corruption in Bosnia and Herzegovina

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

This paper is dealing with the first pioneering steps to introduce continuous fraud risk assessment tools and techniques in the medium size audit clients in Montenegro. Based on the available experience and audit evidence data gathered in the period 2019 to 2021 statutory audits of medium size enterprise the clients were open and perceptive to adopt simple techniques of the continuous fraud assessment by applying the MS Excel templates. The beforementioned approach is improving the quality of internal control, lowering the levels of asset’s misappropriation, improving the quality of financial and non-financial reporting, regulatory compliance and significantly preventing illegal acts within the enterprise.
</abstract>

Faculty for Meditareanen Business Studies

Continuous Fraud Assessment within the External Auditing

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

Although forensic accounting is a relatively young scientific discipline, it will certainly be one of the most sought after areas in the coming period, and it is important that activities be undertaken for its development and improvement as soon as possible.
</abstract>

University of Sarajevo – School of Economics and Business

Comparative Analysis of Academic and Professional Education of Forensic Accountants

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. 