Taking Action Against Irregularities and Fraud - Are We Still at the Beginning?

Islamović Belma ()
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Islamović Belma: Fedaral Ministry of Finance – CHJ Coordination Board

Journal of Forensic Accounting Profession, 2022, vol. 2, issue 1, 19-28

Abstract: The aim of this paper is to approximate the current state of risk management in irregularities and fraud in public sector organizations. Current regulations in the field of financial management and control in the public sector in the Federation of Bosnia and Herzegovina define the concepts of irregularities and fraud within the system of internal controls in public sector organizations, the responsibility of management and employees for reports and actions. The paper will present data from official consolidated reports on the functioning of the financial management and control system, which indicate that the management of risks of irregularities and fraud and the implementation of actions to prevent and eliminate irregularities and fraud by users are still insufficiently developed. The possible causes of such a situation will be analyzed, and possible solutions will be considered: elaboration of legal enactments and concretization of individual roles in taking actions against irregularities and fraud.

Keywords: Financial Management and Control; Internal Control System; Irregularity; Fraud (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:jfaccp:v:2:y:2022:i:1:p:19-28:n:2

DOI: 10.2478/jfap-2022-0002

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