Financial Crime World

Forensic Accounting Techniques in Croatia: A Study on Skills and Competencies

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A recent study conducted by Marijana Bartulović and Ivica Filipović has shed light on the skills and competencies required of forensic accountants in Croatia. The research aimed to explore the knowledge and skills needed for forensic accountants in the Republic of Croatia.

The Importance of Forensic Accountants

Forensic accountants play a crucial role in preventing and detecting fraud, with demand for their services increasing significantly following high-profile corporate scandals such as Enron, WorldCom, and Satyam. The profession requires an interdisciplinary approach, involving accounting, auditing, law, and investigative techniques.

Key Services of Forensic Accountants

  • Fraud prevention and detection
  • Assessing economic value
  • Detecting tax irregularities
  • Expert witnessing
  • Preventing corruption

Study Methodology

The study analyzed the skills and competencies of 38 experts in forensic accounting in Croatia, using a survey conducted from July to September 2016.

Key Findings

  • Emphasis on knowledge of law and investigative techniques
  • Continuous improvement of skills and experience is crucial

Implications for Occupational Standards

The results have significant implications for the development of occupational standards for forensic accountants in Croatia. The authors conclude that their research provides valuable insights into the skills and competencies required for forensic accountants in Croatia, highlighting the need for ongoing training and professional development to stay abreast of changing regulations and industry trends.

Recommendations

  • Ongoing training and professional development are essential for forensic accountants in Croatia.
  • Continuous improvement of skills and experience is crucial for success in this field.

Conclusion

The study provides valuable insights into the skills and competencies required for forensic accountants in Croatia. The results highlight the need for ongoing training and professional development to stay abreast of changing regulations and industry trends.

Keywords

  • Frauds
  • Forensic accountant
  • Skills and competencies