УЛОГА ФОРЕНЗИЧКОГ РАЧУНОВОДСТВА У СПРЕЧАВАЊУ ИЛЕГАЛНИХ ФИНАНСИЈСКИХ АКТИВНОСТИ У ТУРБУЛЕНТНОМ ПРИВРЕДНОМ ОКРУЖЕЊУ
THE ROLE OF FORENSIC ACCOUNTING IN PREVENTING ILLEGAL FINANCIAL ACTIVITIES IN A TURBULENT ECONOMIC ENVIRONMENT

Summary/Abstract: The growing number of frauds caused by the deterioration of the macroeconomic environment has created the need for forensic accountants with the aim of identifying and detecting various forms of fraud, sanctioned by executors who manipulated financial statements, and who deviate from accounting standards, fiscal laws and other legal regulations. Manipulations of financial statements are usually legal and permitted by legislative norms. However, in conditions of increased market pressure on business organizations, it is necessary to be especially careful, because the line between legal and illegal activities is very thin. Even in the current economic crisis, in which are present financial collapses of numerous business entities, there will be an increase in the number of professional frauds. The Association of Certified Fraud Examiners estimates that workplace fraud costs organizations approximately $994 billion annually. The aim of this paper is to point out the necessity of forensic accounting in an increasingly turbulent economic environment when business entities are more prone to frauds activities, to increase the effectiveness of forensic accountants, as well as to identify their relevant skills.

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