Examples of financial fraud revealed by forensic accounting

Business development is very demanding in a globalized world where the competition is huge. Bad plans, execution, but also unwanted problems like financial fraud can stand in the way of success. It is a shocking statistic that thefts committed by company employees cost organizations more than 50 billion dollars a year. Enemies can be inside or outside the company, but…

Fraud detection and risk assessment with forensic accounting

Manipulations in reports and accounting records are present in almost all countries. The public in Croatia often views entrepreneurship with a negative sign due to suspicions of financial fraud. And while anecdotal evidence may be a remnant of some past thinking, it is unquestionable that, as in the rest of the world, problematic financial transactions and illegal accounting practices occur…