"Scientific research" Almanac

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  THE ROLE OF INTERNAL AND EXTERNAL AUDITORS FOR IDENTIFYING FRAUDS IN ORGANIZATIONS

  The variety of ways and approaches to fraud necessitates the updating of measures and mechanisms to identify and limit them. By properly implementing these mechanisms and approaches, the risk assessment and the display of indicators signalling misconduct contribute to reducing them and improving the effectiveness of the control impact. The ... The variety of ways and approaches to fraud necessitates the updating of measures and mechanisms to identify and limit them. By properly implementing these mechanisms and approaches, the risk assessment and the display of indicators signalling misconduct contribute to reducing them and improving the effectiveness of the control impact. The relevance of the study is due to the growing threat of spreading fraud and the need for adequate and timely measures to limit them. The purpose of the research study is to outline the possible actions to curb fraud, applied by internal and external auditors, as well as to examine the methodology used in the preparation of fraud risk assessments. The tasks are as follows: to clarify the role of internal audit in combating fraud; examining methodological guidelines for fraud risk assessment; implementation of anti-fraud management measures and adequate audit procedures. The thesis being defended is that fraud is a complex phenomenon and the role of internal and external auditors is essential for detecting and limiting it by applying innovative and adequate methods. The study substantiates the relationship between management actions and the ability to prevent and detect fraud, as well as the conditionality of audit procedures, performed by external auditors on the type and nature of possible fraudulent financial reporting schemes.

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  CURRENT TENDENCIES IN E-COMMERCE APPLICATION DEVELOPMENT

  In today’s competitive and dynamic business environment, companies need to transform their business in order to survive. There has been a steady trend for companies to engage in e-commerce and business based on online technologies, since it has become clear that unless they do so, they will drop out of the market. Although their presence on the ... In today’s competitive and dynamic business environment, companies need to transform their business in order to survive. There has been a steady trend for companies to engage in e-commerce and business based on online technologies, since it has become clear that unless they do so, they will drop out of the market. Although their presence on the internet offers new channels for the distribution of goods and services, it also poses a number of risks which companies need to be aware of so that they could analyse and adequately manage them. The aim of this study is to present the opportunities provided by different technological solutions for developing e-commerce applications. Those solutions, like any new technology, are viewed from different standpoints and provoke different reactions and assessments. It is therefore necessary to present their specific characteristics, as well as the impact of their implementation. The main thesis of the research is that business transformation requires the development of e-commerce apps with maximum efficiency according to the resources, which companies have at their disposal. The findings of the study indicate that teams engaged in the digitalisation of a business must be aware of current trends in developing e-commerce apps and the ability of a company to adjust to them. Hence, there are two major issues to be resolved in terms of digital transformation: first, designing and running the right online store (e-commerce website) and second, choosing the best approaches to accomplish that.

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  EFFECTS OF GOVERNMENT BUDGET BALANCE ON ECONOMIC GROWTH

  The necessity of adequate use of public budget as a fiscal instrument for economic regulation is even more tangible in conditions of slow economic growth rate. The debate on whether the public budget can maintain a balance between economic stability and social equity has a long history. Another question is whether budget deficit or budget surplus ... The necessity of adequate use of public budget as a fiscal instrument for economic regulation is even more tangible in conditions of slow economic growth rate. The debate on whether the public budget can maintain a balance between economic stability and social equity has a long history. Another question is whether budget deficit or budget surplus would trigger higher economic growth. The main objective of the empiric analysis is to evaluate the budget deficit/ surplus impact on real economic growth rate by using econometric analysis and comparative analysis between Bulgaria and the other Member States of the European Union as well as the Balkan States (Cyprus, The Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia, Slovenia, Romania, Croatia, Greece, Serbia, Turkey and North Macedonia). The specific task is to justify the need to balance the public budget and reduce the budget deficit in order to achieve sustainable real economic growth. The thesis of the research is that balancing public budget and reducing distributive and redistributive government activities contribute to higher real economic growth rate in the analyzed Bulgarian and European economies. The main results of the research prove that reduction of budget deficit and balanced government budget have a positive effect on realized economic growth rate in the analyzed European countries over the period 2007 – 2018.