The Influence of the Audit on the Quality of the Company’s Financial Reporting

Ana Milijić – University of Niš, Innovation Center, University Square 2, 18000 Niš, Serbia

Andrija Popović – University of Niš, Innovation Center, University Square 2, 18000 Niš, Serbia

Vanja Vukojević – University of Niš, Innovation Center, University Square 2, 18000 Niš, Serbia

Abstract: The financial collapse of world-famous companies at the end of the last and the beginning of this century actualized the problem of the quality of financial reporting. The factual situation is that manipulative actions most often occur in financial reports, where the practice of creative accounting reporting threatens to endanger not only the accounting profession but also mislead managers when making crucial investment decisions. Accordingly, the purpose of the work is to review the most important aspects of business and determine the spheres in which there is the greatest risk of materially significant errors. The subject of the work will be research and analysis of business situations that favor manipulations, as well as an assessment of the quality of financial reporting.

8th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2024 – Conference Proceedings, Hybrid (Zayed University, Dubai, UAE), October 24, 2024

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2024 Conference Proceedings: ISBN 978-86-80194-89-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2024

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