{"id":6260,"date":"2025-12-05T11:34:01","date_gmt":"2025-12-05T11:34:01","guid":{"rendered":"https:\/\/finconsult.ba\/?page_id=6260"},"modified":"2025-12-11T12:18:27","modified_gmt":"2025-12-11T12:18:27","slug":"poslovni-konsultant-broj-150-oktobar-novembar-2025","status":"publish","type":"page","link":"https:\/\/finconsult.ba\/en\/poslovni-konsultant-broj-150-oktobar-novembar-2025\/","title":{"rendered":"BUSINESS CONSULTANT \u2013 ISSUE 150 \/ OCTOBER - NOVEMBER 2025"},"content":{"rendered":"<\/p>\n\n\n\n<section class=\"issue-detail red-theme\">\n  <div class=\"issue-container\">\n\n    <!-- HEADER -->\n    <header class=\"issue-head\">\n      <h1>Business Consultant \u2013 Issue 150 \/ October\u2013November 2025<\/h1>\n      <p class=\"issue-lead\">\n        Year XVII, Issue 150, October\u2013November 2025 \u00b7 Scientific and professional journal in the fields of economics, finance, accounting, auditing, taxation and contemporary business practices.\n      <\/p>\n    <\/header>\n\n    <!-- IMPRESSUM -->\n    <section class=\"issue-section\">\n      <h2>Imprint<\/h2>\n\n      <div class=\"imp-grid\">\n        <div class=\"imp-col\">\n          <dl class=\"imp-list\">\n            <div>\n              <dt>Publisher:<\/dt>\n              <dd>Educational and consulting company \u201cFINconsult\u201d Tuzla, BiH<\/dd>\n            <\/div>\n            <div>\n              <dt>Publisher\u2019s address:<\/dt>\n              <dd>\n                Armije RBiH 15, 75000 Tuzla<br>\n                tel\/fax: (035) 277-275 \u00b7 mobile: 061\/963-917<br>\n                e-mail: finconsult@bih.net.ba\n              <\/dd>\n            <\/div>\n            <div>\n              <dt>Editor-in-chief:<\/dt>\n              <dd>Prof. Dr. Ismet Kali\u0107, Director of \u201cFINconsult\u201d Tuzla<\/dd>\n            <\/div>\n          <\/dl>\n        <\/div>\n\n        <div class=\"imp-col\">\n          <h3>Editorial board:<\/h3>\n          <ul class=\"editors-list\">\n            <li>Emeritus Prof. Dr. Adil Kurti\u0107, University FINRA Tuzla<\/li>\n            <li>Prof. Dr. Bahrija Umihani\u0107, Faculty of Economics Tuzla, BiH<\/li>\n            <li>Prof. Dr. Senada Kurtanovi\u0107, Faculty of Economics Biha\u0107, BiH<\/li>\n            <li>Prof. Dr. Helena Bla\u017ei\u0107, Faculty of Economics Rijeka, Croatia<\/li>\n            <li>Prof. Dr. Jasmina Gr\u017eini\u0107, Faculty of Economics Pula, Croatia<\/li>\n            <li>Prof. Dr. Marijana \u0160e\u0107ibovi\u0107, College of Tourism and Management BiH<\/li>\n            <li>Prof. Dr. Edin Glogi\u0107, University FINRA Tuzla<\/li>\n          <\/ul>\n          <p class=\"imp-meta\">\n            Print: \u201cMikro\u0161tampa\u201d d.o.o. Tuzla<br>\n            Electronic ISSN: <strong>1986-5538<\/strong>\n          <\/p>\n        <\/div>\n      <\/div>\n    <\/section>\n\n    <!-- TABLE OF CONTENTS -->\n    <section class=\"issue-section\">\n      <h2>Table of contents<\/h2>\n\n      <ol class=\"toc-list\">\n        <li>\n          <span class=\"toc-title\">\n            Challenges of valuing companies in sustainable industries: adapting traditional methods to new market conditions\n          <\/span>\n          <span class=\"toc-meta\">Author: Prof. Dr. D\u017eafer Alibegovi\u0107 \u00b7 pp. 10\u201321<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            IFRS S1 and S2 standards as a regulatory framework for integrating sustainability into modern accounting practice\n          <\/span>\n          <span class=\"toc-meta\">Author: Prof. Dr. Kosana Vi\u0107entijevi\u0107 \u00b7 pp. 22\u201330<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Challenges of internal audit in the public sector in FBiH\n          <\/span>\n          <span class=\"toc-meta\">Author: Dr. Vildana Altumbabi\u0107 \u00b7 pp. 31\u201338<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Citizens\u2019 perception of ESG standards and sustainable finance in the context of the banking sector of Bosnia and Herzegovina\n          <\/span>\n          <span class=\"toc-meta\">Author: Dr. Arijana Salki\u0107 \u00b7 pp. 39\u201350<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Sustainable development \u2013 a new paradigm of modern business\n          <\/span>\n          <span class=\"toc-meta\">Authors: Assist. Prof. Dr. Spasenija Mirkovi\u0107, Milka Blagojevi\u0107, bacc.oec. \u00b7 pp. 51\u201360<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            The human being in the digital ecosystem \u2013 \u201cThe role of artificial intelligence in shaping the sustainable development of human resources\u201d\n          <\/span>\n          <span class=\"toc-meta\">Authors: Mr. Jasmin Hasan\u010devi\u0107, Mr. Mi\u0161a Pavi\u0107evi\u0107 \u00b7 pp. 61\u201375<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Application of blockchain technology in the economy\n          <\/span>\n          <span class=\"toc-meta\">\n            Authors: Prof. Dr. Bojana Ostoji\u0107, Prof. Dr. Milena Cvjetkovi\u0107, Prof. Dr. Jelena Ru\u017ei\u0107, Prof. Dr. Biljana Ili\u0107 \u00b7 pp. 76\u201384\n          <\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Payroll calculation system in Br\u010dko District with reference to the specifics of mandatory taxes and contributions\n          <\/span>\n          <span class=\"toc-meta\">\n            Authors: Safet Imamovi\u0107, dipl.oec., Dr. Ema Buri\u0107, Dr. Admir \u010cavali\u0107 \u00b7 pp. 85\u201394\n          <\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Professional challenges and technological opportunities in accounting in Bosnia and Herzegovina: boundaries of responsibility and the path towards digital transformation\n          <\/span>\n          <span class=\"toc-meta\">Author: Ned\u017ead Jupi\u0107, bacc.oec. \u00b7 pp. 95\u2013104<\/span>\n        <\/li>\n      <\/ol>\n\n      <h3 class=\"toc-subheading\">\n        Current amendments and application of tax and other regulations in BiH and developments in the EU\n      <\/h3>\n\n      <ol class=\"toc-list\" start=\"10\">\n        <li>\n          <span class=\"toc-title\">\n            Rulebook on amendments to the Rulebook on the application of the Corporate Income Tax Act in FBiH\n          <\/span>\n          <span class=\"toc-meta\">Author: Almira Huri\u0107, dipl.ecc., OR \u00b7 pp. 105\u2013109<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Act on amendments to the Act on the amount of the default interest rate on public revenues in FBiH\n          <\/span>\n          <span class=\"toc-meta\">Author: Almira Huri\u0107, dipl.ecc., OR \u00b7 pp. 110\u2013111<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Application of the Decision on the amount of financial assistance to employees due to the increase in consumer prices in Br\u010dko District BiH for 2025\n          <\/span>\n          <span class=\"toc-meta\">Author: Mr. Asmir Mujanovi\u0107, OR \u00b7 pp. 112\u2013114<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">Sentences from court practice<\/span>\n          <span class=\"toc-meta\">Author: Dr. Faruk Latifovi\u0107 \u00b7 pp. 115\u2013119<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">\n            Questions and answers (direct and indirect taxes, labour relations and finance)\n          <\/span>\n          <span class=\"toc-meta\">pp. 120\u2013125<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">Statistical data and support service in practice<\/span>\n          <span class=\"toc-meta\">pp. 126\u2013144<\/span>\n        <\/li>\n        <li>\n          <span class=\"toc-title\">Overview of new regulations (BiH, FBiH, RS, Br\u010dko District BiH)<\/span>\n          <span class=\"toc-meta\">pp. 145\u2013146<\/span>\n        <\/li>\n      <\/ol>\n    <\/section>\n\n    <!-- ARTICLES WITH ABSTRACTS -->\n    <section class=\"issue-section\">\n      <h2>Articles with abstracts<\/h2>\n\n      <!-- 1 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>1) Challenges of valuing companies in sustainable industries: adapting traditional methods to new market conditions<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 10\u201321<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Author: Prof. Dr. D\u017eafer Alibegovi\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          This paper explores the challenges of valuing companies operating in sustainable industries, with a special focus on the integration of ESG factors and investment flexibility into traditional valuation models. By combining theoretical insights and case studies of the companies \u00d8rsted, Tesla and Vestas, the research shows that conventional models based on discounted cash flows often fail to capture the long-term strategic advantages of sustainability-oriented firms. The findings indicate that ESG performance positively affects risk perception, cost of capital and the stability of cash flows \u2013 key variables in valuation. In addition, companies with a high capacity for innovation and strategic flexibility create additional value through \u201creal options\u201d, which classic models do not manage to quantify. In the context of developing countries such as BiH, ESG-based valuation is still at an early stage, but is becoming increasingly necessary given the evolution of global standards. The paper concludes that integrating ESG factors and real options approaches into valuation methods is not only ethically desirable, but also financially necessary for a realistic assessment of company value.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a review paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> ESG, sustainable business, company valuation, discount rate, real options\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> G32, Q56, O16\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 2 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>2) IFRS S1 and S2 standards as a regulatory framework for integrating sustainability into modern accounting practice<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 22\u201330<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Author: Prof. Dr. Kosana Vi\u0107entijevi\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          In the contemporary business environment, integrating sustainability into accounting practice is becoming necessary due to the growing demands of regulators, investors and society as a whole. IFRS S1 and S2 standards represent new global regulatory frameworks that set unified requirements for the disclosure of sustainability and climate-related risks, thereby enhancing the transparency and reliability of non-financial reporting. This paper analyses the characteristics and innovative approaches of these standards, examining their role in integrating sustainability into modern accounting practice. Through a synthesis of relevant literature, regulatory documents and practical examples, the paper discusses the challenges and opportunities that IFRS S1 and S2 create for accounting professionals. Special attention is devoted to the impact of digital transformation on the application of these standards and its role in the development of sustainable business. The conclusion highlights the importance of continuous professional development and the adaptation of accounting practice in order to respond to the complex requirements of the modern sustainable business environment.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a review paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> IFRS S1, IFRS S2, sustainability, accounting practice\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> M41, Q56, O33\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 3 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>3) Challenges of internal audit in the public sector in FBiH<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 31\u201338<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Author: Dr. Vildana Altumbabi\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          The public sector cannot function adequately without effective governance. Managing the public sector entails numerous challenges and responsibilities, with a large number of stakeholders having different interests and needs. One of the support mechanisms in this process is internal audit. The key role of internal audit in the public sector is realized through its assistance in risk management and ensuring transparency, integrity, quality and improvement of service delivery processes. In carrying out its role, internal audit in the public sector faces various challenges that need to be identified and addressed. This paper examines the challenges that internal audit in the public sector in the Federation of Bosnia and Herzegovina faces in fulfilling its role and objectives. Based on data from the Annual Consolidated Internal Audit Reports in the public sector in FBiH for the period 2017\u20132024, an analysis of the state of internal audit is conducted. It is concluded that internal audit in the public sector in FBiH suffers from the consequences of a lack of adequate staff, limited independence and operational capacity, as well as inadequate areas of audit engagement, which reduces its effectiveness and contribution to governance processes, as well as support from management, especially in the implementation of recommendations.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a professional paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> internal audit, public sector, risk management, challenges, perspective\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> M42\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 4 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>4) Citizens\u2019 perception of ESG standards and sustainable finance in the context of the banking sector of Bosnia and Herzegovina<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 39\u201350<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Author: Dr. Arijana Salki\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          This paper analyses citizens\u2019 perception of socially responsible banking operations in Bosnia and Herzegovina, with a focus on sustainable finance and ESG criteria. The research results show that citizens associate socially responsible banking with community support, environmental protection, ethical business conduct and respect for the rights of employees and clients. The need for greater transparency of banks through the publication of concrete data on ESG initiatives and their effects is highlighted. Sustainable finance and ESG strategies contribute to trust, risk reduction and strengthening the competitiveness of the banking sector.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a review paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> ESG, sustainable finance, corporate social responsibility, banking sector\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> G21, Q01, M14\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 5 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>5) Sustainable development \u2013 a new paradigm of modern business<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 51\u201360<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Authors: Assist. Prof. Dr. Spasenija Mirkovi\u0107, Milka Blagojevi\u0107, bacc.oec.\n        <\/p>\n        <p class=\"abstract-text\">\n          Modern society poses a whole range of challenges to its members, among which the long-term most significant is that related to the sustainability of development. This requirement is particularly emphasized in the case of companies, which are viewed as key actors in creating imbalances and environmental pollution. Therefore, in contemporary business conditions, companies must make radical changes in the way they operate: in defining strategic orientations and organizational culture, in the way production and business processes are carried out, and in their impact on the environment and communication with stakeholders. The paper examines the ways in which modern companies introduce the necessary changes in the function of sustainability, how companies in Bosnia and Herzegovina demonstrate their commitment to corporate social responsibility and the extent to which they are engaged in socially responsible activities.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a professional paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> sustainability, change, company\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> Q01, M14, Q56\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 6 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>6) The human being in the digital ecosystem \u2013 \u201cThe role of artificial intelligence in shaping the sustainable development of human resources\u201d<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 61\u201375<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Authors: Mr. Jasmin Hasan\u010devi\u0107, Mr. Mi\u0161a Pavi\u0107evi\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          The paper explores the role of the human being in the digital ecosystem through the lens of the transformations brought about by the digital revolution and artificial intelligence. It analyses how digital technology, from its beginnings to modern AI systems, shapes human behaviour, social relations and the labour market. Special focus is placed on the importance of human resources and their development in the context of intellectual capital, where knowledge, innovation and creativity are recognized as key drivers of competitiveness and sustainable development. It is emphasized that human resources are not just one component, but a fundamental factor that enables the transformation and growth of structural and relational capital. The paper also highlights the challenges of the digital era, including issues of privacy, data security and ethics, along with strategic recommendations for organizations to invest in knowledge, build a culture of trust and innovation, and align HR policies with business strategy. It is concluded that the human being in the digital ecosystem is both a creator and shaped by technology, and that artificial intelligence can be a key tool in building the sustainable development of human resources and intellectual capital.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a review paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> digital revolution, artificial intelligence, human resources, intellectual capital, sustainable development, intangible capital, innovation\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> O15, O33, M12\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 7 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>7) Application of blockchain technology in the economy<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 76\u201384<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Authors: Prof. Dr. Bojana Ostoji\u0107, Prof. Dr. Milena Cvjetkovi\u0107, Prof. Dr. Jelena Ru\u017ei\u0107, Prof. Dr. Biljana Ili\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          Information technologies are advancing relentlessly, and the implementation of IT solutions contributes to improving the operations of companies in various industries. In order to ensure the integrity of vast amounts of data, while at the same time simplifying, accelerating and reducing the cost of transactions and business processes, the concept of blockchain was created. Blockchain technology, through a system of distributed consensus, enables network participants to be certain that information has been recorded through indisputable entries in the ledger. With its core characteristics \u2013 a decentralized database, security, transparency, immutability of data and smart contracts \u2013 blockchain enables direct communication between users, prevention of unauthorized access, visibility of the database for all network members, immutability of once recorded data, and the elimination of intermediaries through automatic execution of contract terms. Although it was originally developed for the needs of the cryptocurrency Bitcoin, the potential of this innovative technology was quickly recognized by numerous industries.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a professional paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> blockchain, cryptography, decentralized database, security, transparency and immutability of data and information, tourism\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> O33, Q55, Z32\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 8 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>8) Payroll calculation system in Br\u010dko District with reference to the specifics of mandatory taxes and contributions<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 85\u201394<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Authors: Safet Imamovi\u0107, dipl.oec., Dr. Ema Buri\u0107, Dr. Admir \u010cavali\u0107\n        <\/p>\n        <p class=\"abstract-text\">\n          Payroll calculation in Br\u010dko District of Bosnia and Herzegovina is characterized by unique legal and administrative specifics that distinguish it from the rest of the country. Since Br\u010dko District does not have its own pension and disability fund, residents can choose the fund to which they will pay contributions and from which they will receive a pension after the end of their working life, which provides additional autonomy to employees and employers. Special laws in the District regulate income tax, health insurance and unemployment insurance. The District has its own health insurance fund, employment agency and legal frameworks that allow non-residents to work while taking into account their actual tax residence. Such a payroll system requires a clear understanding of the legal framework of Br\u010dko District and offers a degree of flexibility that may represent a model for more efficient management of contributions and employment-related rights. The aim of the paper is to present the entire payroll calculation system in Br\u010dko District, with special reference to the specifics of the payment of mandatory taxes and contributions.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a professional paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> payroll calculation, Br\u010dko District, taxes, contributions\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> E24, H24, J3\n          <\/p>\n        <\/div>\n      <\/article>\n\n      <!-- 9 -->\n      <article class=\"abstract-item\">\n        <div class=\"abstract-header\">\n          <div>\n            <div class=\"abstract-label\">Article abstract<\/div>\n            <h3>9) Professional challenges and technological opportunities in accounting in Bosnia and Herzegovina: boundaries of responsibility and the path towards digital transformation<\/h3>\n          <\/div>\n          <div class=\"abstract-pages\">pp. 95\u2013104<\/div>\n        <\/div>\n        <p class=\"abstract-authors\">\n          Author: Ned\u017ead Jupi\u0107, bacc.oec.\n        <\/p>\n        <p class=\"abstract-text\">\n          The accounting profession in Bosnia and Herzegovina faces challenges arising from unclear professional boundaries and insufficient digitalization of business processes. Continuous professional education, although necessary, often includes topics that go beyond the core scope of the accounting profession, so accountants are trained in issues that are not part of their primary job description, such as certain aspects of legal regulations. At the same time, BiH is lagging behind in the implementation of global digital reporting standards, which negatively affects business efficiency and transparency. Progress requires clear definition of roles, adaptation of accountants\u2019 education, encouragement of the development of digital tools, and establishing synergy between accounting, the IT sector and regulatory institutions. Only through a joint approach will it be possible to build a professional and modern accounting system that can keep up with the technical and regulatory challenges of contemporary business.\n        <\/p>\n        <div class=\"abstract-extra\">\n          <p class=\"abstract-type\">Reviewed as a review paper<\/p>\n          <p class=\"abstract-keywords\">\n            <span class=\"abstract-label-inline\">KEYWORDS:<\/span> accounting, digitalization, ESEF, XBRL, ESG\n          <\/p>\n          <p class=\"abstract-jel\">\n            <span class=\"abstract-label-inline\">JEL:<\/span> M15, M21, O16\n          <\/p>\n        <\/div>\n      <\/article>\n    <\/section>\n\n    <!-- OTHER CONTENTS -->\n    <section class=\"issue-section\">\n      <h2>Other contents<\/h2>\n      <ul class=\"extra-list\">\n        <li>\n          <span class=\"extra-title\">\n            Rulebook on amendments to the Rulebook on the application of the Corporate Income Tax Act in FBiH\n          <\/span>\n          <span class=\"extra-meta\">Author: Almira Huri\u0107, dipl.ecc., OR \u00b7 pp. 105\u2013109<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">\n            Act on amendments to the Act on the amount of the default interest rate on public revenues in FBiH\n          <\/span>\n          <span class=\"extra-meta\">Author: Almira Huri\u0107, dipl.ecc., OR \u00b7 pp. 110\u2013111<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">\n            Application of the Decision on the amount of financial assistance to employees due to the increase in consumer prices in Br\u010dko District BiH for 2025\n          <\/span>\n          <span class=\"extra-meta\">Author: Mr. Asmir Mujanovi\u0107, OR \u00b7 pp. 112\u2013114<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">Sentences from court practice<\/span>\n          <span class=\"extra-meta\">Author: Dr. Faruk Latifovi\u0107 \u00b7 pp. 115\u2013119<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">\n            Questions and answers (direct and indirect taxes, labour relations and finance)\n          <\/span>\n          <span class=\"extra-meta\">pp. 120\u2013125<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">Statistical data and support service in practice<\/span>\n          <span class=\"extra-meta\">pp. 126\u2013144<\/span>\n        <\/li>\n        <li>\n          <span class=\"extra-title\">Overview of new regulations (BiH, FBiH, RS, Br\u010dko District BiH)<\/span>\n          <span class=\"extra-meta\">pp. 145\u2013146<\/span>\n        <\/li>\n      <\/ul>\n    <\/section>\n\n    <!-- CTA: SUBSCRIPTION \/ JOURNAL APPLICATION -->\n    <section class=\"issue-section issue-cta-wrap\">\n      <div class=\"issue-cta-text\">\n        <p>\n          To access all issues of the \u201cBusiness Consultant\u201d journal and obtain an annual subscription,\n          you can submit your application 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