Archive of Journal - Financing

Financing – scientific magazine for economy

ISSUE 2021, No. 1, Article 3, Year of publication: 12, March, 2021
Financial Reporting Frequency in Bosnia and Herzegovina and Compliance with International Accounting Standard


Bobana Čegar, MBA*
*Senior Assistant, University of Banja Luka, Faculty of Economics, Department for Accountant and Business Finance



pub-lic, especially when it comes to the analysis of the need for the introduction of quarterly financial reporting. More frequent reporting can have positive effects on the capital market, which are reflected in the reduction of information asymmetry and costs of capital, but at the same time, it can also lead to managerial myopia. Since more frequent reporting does not always mean better reporting, it is important that the requirements of professional regulations are complied with when compiling and publishing interim financial statements. For this reason, we analyzed the compliance of the semi-annual financial statements of listed companies in Bosnia and Herzegovina with the requirements of IAS 34 and came to the conclusion that there are significant deviations, despite the legal obligation to apply IAS/IFRS in financial reporting.

Keywords: frequencyof financial reporting, semi-annual reporting, quarterly reporting, interim financial statements, listed companies, IAS 34.

DOI: DOI: 10.7251/FIN2101027Č

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