FORENSIC ACCOUNTING AS A SOLUTION TO MANIPULATIVE ACCOUNTING OF SME’S IN BOSNIA AND HERZEGOVINA

Anida Mekic,, Sanel Halilbegovic, and Alma Huric
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Anida Mekic,: International Burch University, Sarajevo, Bosnia& Herzegovina
Sanel Halilbegovic,: International Burch University, Sarajevo, Bosnia& Herzegovina
Alma Huric: International Burch University, Sarajevo, Bosnia& Herzegovina

EcoForum, 2017, vol. 6, issue 2, 27

Abstract: Accounting reports are the main certificate of financial position, as well as business and monetary success of the company. Manipulation of accounting reports include fictitious or incorrect processing of the data – all with the aim to camouflage the true picture of firm’s financial health. Forensic accounting as a special accounting practice will be scope of this study. This study was conducted on the Bosnian market and targeted small and medium enterprises with less than 250 employees. The aim of this research is to prove that forensic accounting gives satisfactory results in discovering significantly wrongly presented information in the financial statements, caused by frauds. This study uses primary data collection through the distribution of questionnaires. The data collected from the observed SMEs companies were analyzed, and study findings showed that forensic accounting is important and helpful to point out the wrongly presented information.

Keywords: Forensic Accounting; Fraud Prevention; Small and Medium Enterprises; Manipulative Accounting (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ecofrm:v:6:y:2017:i:2:p:27

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