NEPRAVILNOSTI U SPROVOĐENJU POPISA IMOVINE I OBAVEZA
IRREGULARITIES IN CONDUCTING THE LIST OF ASSETS AND LIABILITIES

Summary/Abstract: Irregularities that may occur during the preparation and conduct of the inventory of assets and liabilitiesmay have serious and multiple implications for the entity's financial statements and its results ofoperations. This is conditioned by the fact that the inventory as a part of the pre-closing postingsrepresents the basis for reducing the bookkeeping to the actual situation. The census can determinethe existence of undocumented economic changes, for which at the time of their occurrence there wasno adequate document to confirm their existence and their value impact on the operations of theentities. Improper conduct of the census can be sampled by intentional actions aimed at presentingincorrect facts in an attempt to present a better business result in the financial statements than it reallyis, which would benefit one stakeholder to the detriment of other stakeholders. For these reasons, it isimportant to understand the irregularities that occur during the census in order to prevent and disabletheir occurrence in practice.

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