The Detection and Prevention of Financial Frauds in Order to Strengthen the Financial Performance of Companies in Republic of Srpska
Journal Title: Acta Economica - Year 2013, Vol 11, Issue 19
Abstract
The global trends, economic and fnancial crisis, as well as numerous corporate and banking scandals and downs caused by fnancial frauds require review and active advancement of former theoretical postulates and professional principles the corporate sector is based on. Professional and regulatory institutions and decision makers in companies are faced with new challenges in the form of a need for knowledge integration and interdisciplinary approach beyond the scope of current accounting practice and corporative governance. Mentioned is reflected precisely in the introduction and strengthening of a forensic accounting as a new discipline, in order to detect and prevent fnancial frauds that cause tremendous losses not only to companies but also to the economy as a whole. THe paper deals with the concept, causes and methods of preventing fnancial frauds within the forensic accounting and their treatment in order to strengthen the financial performance of companies in Republic of Srpska.
Authors and Affiliations
Тајана Сердар, Свјетлана Врањеш
Keywords
Related Articles
- EP ID EP43778
- DOI -
- Views 244
- Downloads 0
The relationship between owners and managers in the existence of asymmetric information
Separation of ownership from management in enterprises has resulted in many managers are informed of the owners of those companies, or the behavior of both the consequences of the existence of asymmetric information. In...
EURO – European and world money for 21st century
The formation of European Monetary System and introduction of euro as a common European currency have the main and even crucial role in establishing the steady integration structure of European Union. The aims of EMS...
The Model of Enterpreneurial Bank
The economy of Republic of Srpska, in other word, of Bosnia and Herzegovina, is one of the most undeveloped in this part of Europe. Economic system has a lot of weaknesses: economic, legislative and social characters. In...
MANAGEMENT AND STRUCTURE OF INFORMATION SYSTEMS
In this paper the key point is on high level of mutual connection between management and information system. To precede from a thesis that information system must be special service by management, authors have shown whic...
Knowledge based innovations in modern entrepreneurship
J.A. Schumpeter was the first one to relate the term innovation with the term entrepreneurship. He found innovation to be the only source of pure profit created by the entrepreneurs. The entrepreneurs estimate ideas that...