Recognizing  of  Forensic  Accounting and Forensic Audit in the Southeastern European Countries

Mojsoska, Snezana and Dujovski, Nikola (2015) Recognizing  of  Forensic  Accounting and Forensic Audit in the Southeastern European Countries. JOURNAL OF EASTERN ­EUROPEAN CRIMINAL LAW (2). pp. 212-224. ISSN ISSN 2360–4964

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Some of the recent events of crime such as Enron, WorldCom, Parmalat, and Xerox, drew
some new questions related to the trustworthiness of the financial reports and
financial results of the companies. Financial frauds committed in smaller companies,
as it was shown in the research conducted by the Association of Certified Researchers
of Crime, are of a different type, such as false payments, false invoices, forgery of
cheques, etc. According to the Report to the Nations on Occupational Fraud and Abuse
from 2014, the participants’ estimation of typical organization loses is 5% of the
revenues each year to fraud. If applied to the 2013 estimated Gross World Product,
this is translated to a potential projected global fraud loss of nearly $3.7 trillion. The
median loss caused by the frauds in study was $145,000. Additionally, 22% of the
cases involved losses of at least $1 million. The purpose of this paper is to recognize
this new direction through its defining, its recognizing in Europe and the USA, as well
as to comparatively present its recognizing in the countries of south­eastern Europe.
The Republic of Macedonia still does not recognize the branch of forensic accounting
and forensic audit even though it has become a need. The need of recognizing these
two sciences or sub branches of accounting and audit, as well as the establishment of
an international body which will unite and train the experts, will come as a conclusion
to this paper.  
Keywords: accounting, auditing, forensic accounting, forensic audit, fraud

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Scientific Fields (Frascati) > Social Sciences > Other social sciences
Divisions: Faculty of Security
Depositing User: Ms. Olivera Trajanova
Date Deposited: 06 Nov 2017 10:18
Last Modified: 06 Nov 2017 10:18

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