FORENSIC ACCOUNTING AS A RESPONSE TO MODERN INNOVATIONS AND ECONOMIC UNCERTAINTY

Secondary School of Economics Bijeljina, Public Institution, Republic of Srpska, BiH
Bosnia and Herzegovina


Abstract

The contemporary business environment is characterized by rapid innovations and increasing economic uncertainty, further amplified by political instability. Economic shocks in the energy market are particularly pronounced. The current global oil crisis of 2026 has caused a significant rise in oil prices and disrupted supply chains, increasing the risk of financial fraud. In this context, forensic accounting has become a key tool for fraud detection, cost control, and the optimization of risk management processes. The integration of digital tools, including AI and Big Data analytics, further enhances organizations’ ability to respond promptly to volatile market conditions. This paper examines the connection between crises, innovations, and financial fraud, and also discusses the impact of modern technologies and digitalization on fraud risk, as well as the need for global regulation and employee training as essential elements for maintaining business continuity

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References


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