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

Lalić Srđan (), Jovičić Željana () and Bošnjaković Tanja ()
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Lalić Srđan: Univerzitet u Istočnom Sarajevu
Jovičić Željana: Ekonomski fakultet Banja Luka
Bošnjaković Tanja: Poreska Uprava Republike PJ Bijeljina

Journal of Forensic Accounting Profession, 2021, vol. 1, issue 2, 80-88

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.

Keywords: financial fraud; examples of financial fraud; forensic accounting; Bosnia and Herzegovina (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:jfaccp:v:1:y:2021:i:2:p:80-88:n:2

DOI: 10.2478/jfap-2021-0010

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