Financial reporting of business entities and ethical dilemmas of students in Bosnia and Herzegovina

Ševala Isaković-Kaplan (), Lejla Demirović () and Mahir Proho ()

BH Ekonomski forum, 2019, vol. 11, issue 2, 9-23

Abstract: The fair and reliable financial reporting of business entities is extremely important for strengthening the confidence among business entities, acting positively on the scope of business activities and achieved results. On the otherhand, individuals, businesses and the entire society, suffered huge losses, dueto the frauds in financial reports, by dropping the confidence in the accounting profession. The public’s expectations from the accounting profession arethat its professionals consciously reject participation in any fraud activities,and be real fighters for the real financial reporting of the entities. In the lightof specified expectations, this paper tries to consider the ability of studentsof economic specialization in Bosnia and Herzegovina in recognizing casesof false financial reporting among different situations that can(not) includefraud characteristics, and their readiness to take active participation in thefight against frauds in business entities and economic crimes, in general.The results of the research showed that research participants clearly recognize cases of false financial reporting among various fraudulent activities, thatthey have a high level of awareness regarding the seriousness of the fraudtype and its negative consequences for entities, and that they express theirunreserved readiness to report these cases to the competent authorities withthe purpose of prosecution.

Keywords: financial reports; fraud; accounting profession; ethics (search for similar items in EconPapers)
Date: 2018-12-01
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Persistent link: https://EconPapers.repec.org/RePEc:etl:journl:47

DOI: 10.5937/bhekofor1902009i

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