Importance of forensic accounting in the process of making decisions by the top management
In modern business conditions, more and more attention is paid to the introduction of forensic accounting into the regular operations of the company and its development, in order to achieve more efficient and effective controls of all organizational parts in the company. In this context, it is neces...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Toplica Academy of Applied Studies, Department of Business Studies Blace
2024-06-01
|
| Series: | BizInfo |
| Subjects: | |
| Online Access: | https://bizinfo.edu.rs/index.php/bizinfo/article/view/340 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850159178970038272 |
|---|---|
| author | Dragan Cvetković Ljiljana Dimitrijević Slaviša Đorđević |
| author_facet | Dragan Cvetković Ljiljana Dimitrijević Slaviša Đorđević |
| author_sort | Dragan Cvetković |
| collection | DOAJ |
| description | In modern business conditions, more and more attention is paid to the introduction of forensic accounting into the regular operations of the company and its development, in order to achieve more efficient and effective controls of all organizational parts in the company. In this context, it is necessary for the top management to be innovatively disposed to apply new solutions that will facilitate the company's operations and through the application of which it will achieve better business results. Forensic accounting is effective not only for detecting and preventing fraud in financial statements and accounting, but also for assessing the damage to the company on that basis. The introduction of forensic accounting is a complex and not at all cheap process that practically begins with the decision of the top management to change the previous accounting policies to a new one, in which there will be an implemented system of forensic accounting. The paper analyzes the connection between forensic accounting and top management, as well as the importance of this special accounting for business decision-making. The aim of the work is to show the usefulness of applying forensic accounting activities, as part of making valid decisions of top management, in the process of regular business operations of the company, which is reflected in raising the level of security of financial reporting and the overall security of the company's operations. |
| format | Article |
| id | doaj-art-955b1db910ba41f0bef8b4f779d06326 |
| institution | OA Journals |
| issn | 2217-2769 2406-2324 |
| language | English |
| publishDate | 2024-06-01 |
| publisher | Toplica Academy of Applied Studies, Department of Business Studies Blace |
| record_format | Article |
| series | BizInfo |
| spelling | doaj-art-955b1db910ba41f0bef8b4f779d063262025-08-20T02:23:39ZengToplica Academy of Applied Studies, Department of Business Studies BlaceBizInfo2217-27692406-23242024-06-011519910610.5937/bizinfo2401099C327Importance of forensic accounting in the process of making decisions by the top managementDragan Cvetković0Ljiljana Dimitrijević1Slaviša Đorđević2Faculty of Business Economics and Entrepreneurship, Belgrade, SerbiaFaculty of Business Economics and Entrepreneurship, Belgrade, SerbiaUniveristy of Priština in Kosovska Mitrovica, Faculty of Economics, Kosovska Mitrovica, SerbiaIn modern business conditions, more and more attention is paid to the introduction of forensic accounting into the regular operations of the company and its development, in order to achieve more efficient and effective controls of all organizational parts in the company. In this context, it is necessary for the top management to be innovatively disposed to apply new solutions that will facilitate the company's operations and through the application of which it will achieve better business results. Forensic accounting is effective not only for detecting and preventing fraud in financial statements and accounting, but also for assessing the damage to the company on that basis. The introduction of forensic accounting is a complex and not at all cheap process that practically begins with the decision of the top management to change the previous accounting policies to a new one, in which there will be an implemented system of forensic accounting. The paper analyzes the connection between forensic accounting and top management, as well as the importance of this special accounting for business decision-making. The aim of the work is to show the usefulness of applying forensic accounting activities, as part of making valid decisions of top management, in the process of regular business operations of the company, which is reflected in raising the level of security of financial reporting and the overall security of the company's operations.https://bizinfo.edu.rs/index.php/bizinfo/article/view/340forensic accountingmanagementbusiness decision-making |
| spellingShingle | Dragan Cvetković Ljiljana Dimitrijević Slaviša Đorđević Importance of forensic accounting in the process of making decisions by the top management BizInfo forensic accounting management business decision-making |
| title | Importance of forensic accounting in the process of making decisions by the top management |
| title_full | Importance of forensic accounting in the process of making decisions by the top management |
| title_fullStr | Importance of forensic accounting in the process of making decisions by the top management |
| title_full_unstemmed | Importance of forensic accounting in the process of making decisions by the top management |
| title_short | Importance of forensic accounting in the process of making decisions by the top management |
| title_sort | importance of forensic accounting in the process of making decisions by the top management |
| topic | forensic accounting management business decision-making |
| url | https://bizinfo.edu.rs/index.php/bizinfo/article/view/340 |
| work_keys_str_mv | AT dragancvetkovic importanceofforensicaccountingintheprocessofmakingdecisionsbythetopmanagement AT ljiljanadimitrijevic importanceofforensicaccountingintheprocessofmakingdecisionsbythetopmanagement AT slavisađorđevic importanceofforensicaccountingintheprocessofmakingdecisionsbythetopmanagement |