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2021, vol. 24, iss. 95-96, pp. 77-90
The development of forensic accounting and the challenges in the modern environment
aUniversity of Belgrade, Faculty of Organizational Sciences, Serbia
b"Moodys Standards" doo, Preduzeće za reviziju, računovodstvene, finansijske i konsalting usluge, sektor "Fraud Prevention and Fraud Investigations, Beograd
cViše javno tužilaštvo, Beograd,,
The increasingly complex business environment and the growing tendency for people to take legal action have led to a demand for accountants who understand the legal process and who can conduct investigations, perform financial analysis and other accounting or auditing procedures at a level acceptable to the courts. Accordingly, some factors that influence the occurrence of fraud and the growth of literature related to forensic accounting and fraudulent financial reporting are presented. In addition, significant advances in the literature and the challenges that fraud poses to academic research and corporate practice have been identified, and a set of issues has been presented and identified as important directions for future research regarding the role of forensic accounting in detecting fraudulent financial reporting. This paper is intended to stimulate discussions and future research on identified problems, especially within national frameworks. And finally, some directions have been suggested for future research as well as for the development of the profession. The increasingly complex business environment and the growing tendency for people to take legal action have led to a demand for accountants who understand the legal process and who can conduct investigations, perform financial analysis and other accounting or auditing procedures at a level acceptable to the courts.
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article language: Serbian
document type: Review Paper
DOI: 10.5937/Rev2196077K
received: 22/10/2021
accepted: 05/11/2021
published in SCIndeks: 28/12/2021
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