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

<p>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.</p>
</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.

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

Journal of Forensic Accounting Profession

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

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...

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

Data publikacji: 18 sty 2022

Zakres stron: 80 - 88

Otrzymano: 22 lis 2021

Przyjęty: 20 gru 2021

DOI: https://doi.org/10.2478/jfap-2021-0010

Słowa kluczowe
financial fraud, examples of financial fraud, forensic accounting, Bosnia and Herzegovina

© 2021 Srđan Lalić et al., published by Sciendo

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

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

Data publikacji: 18 sty 2022

Zakres stron: 80 - 88

Otrzymano: 22 lis 2021

Przyjęty: 20 gru 2021

DOI: https://doi.org/10.2478/jfap-2021-0010

Słowa kluczowefinancial fraud, examples of financial fraud, forensic accounting, Bosnia and Herzegovina

© 2021 Srđan Lalić et al., published by Sciendo

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

Słowa kluczowe
financial fraud, examples of financial fraud, forensic accounting, Bosnia and Herzegovina