The Detection and Prevention of Financial Frauds in Order to Strengthen the Financial Performance of Companies in Republic of Srpska

Authors

  • Тајана Сердар Faculty of Economics, University of Banja Luka
  • Свјетлана Врањеш Faculty of Economics, University of Banja Luka

Keywords:

financial frauds, forensic accounting, financial performances, financial indicators

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 re?ected 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.

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Published

2013-07-31

How to Cite

Сердар, Т., & Врањеш, С. (2013). The Detection and Prevention of Financial Frauds in Order to Strengthen the Financial Performance of Companies in Republic of Srpska. Acta Economica, 11(19), 179–200. Retrieved from http://ae.ef.unibl.org/index.php/AE/article/view/100

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Section

Review article