Agenda 2026
RISK MANAGEMENT AND ORGANIZATIONAL RESILIENCE UNDER UNCERTAINTY
Participation in the conference is free.
- 09.50 – 10.00 – Registration and Welcome Coffee
- 10.00 – 11.30 – Plenary Session
- 11.30 – 12.00 – Networking and Refreshments
- 12.00 – 14.00 – Parallel Sessions (in Serbian)
- 14.00 – 14.30 – Lunch
- 14.30 – 16.30 – Scientific Papers and Student Workshop
SESSION I: Scientific Papers- STUDENT WORKSHOP: From the Interview to a Lasting Impression
- 17.00 – End of Conference
Plenary Session
10.00 – 11.30
Room: 047
Opening of the plenary session:
Session announcement:
Keynote Speakers:
Head of the Accounting and Auditing Section, Financial System Department, Ministry of Finance of the Republic of Serbia
President, OTP Leasing Serbia / Chairman of the Board, ALKS
Head of the Master’s Programme in Computational Finance, Singidunum University
Session A – Internal Audit and Control
12.00 – 14.00
Room: 047
Title:
Internal Audit in Times of Uncertainty: Transformation in the Era of Artificial Intelligence, the Three Lines Model, and Responding to New Fraud Risks
Moderators:
Miroslav Perić, PhD / Maja Kljajić, PhD
Speakers:
- Ana Ilić, Senior Audit Specialist, SAP
- Nebojša Jeremić, Head of Corporate Process Audit, Internal Audit, Telekom Srbija
- Iva Smiljanić, Expert for Fraud Prevention – LFPO, Addiko Bank Serbia
We live in a time of rapid digital transformation that changes both our business and personal environments every day. Every new technology brings uncertainty as well as opportunity. This is where one of the greatest challenges for modern internal audit lies. How does internal audit respond to these developments? To what extent is it expected to transform itself? What role do generative artificial intelligence and other advanced technological tools play in this process? Can the existing Three Lines Model withstand the test and respond to modern challenges? How is the approach to risk assessment changing, including the assessment of fraud risks?
Session B – Finance and Banking
12.00 – 14.00
Room: 110
Title:
Artificial Intelligence in Investment and Credit Decision-Making: Algorithmic Risks and Resilience to Market Shocks
Moderators:
Ivica Terzić, PhD / Jovana Arsić
Speakers:
- Richard Saldanha, Teaching Fellow, Queen Mary University of London
- Boris Korenak, Managing Partner, Investometrix Group
- Nikola Stefanović, Senior PE & VC Executive, SEAF
Artificial intelligence is taking on an increasingly important role in investment and credit decisions, from algorithmic trading to credit risk assessment in banks. At the same time, it creates risks that traditional measures such as Value at Risk (VaR) do not capture. When many institutions use similar models, they react at the same time, while retail investors trading through mobile applications further amplify volatility during periods of stress. This session will explore where algorithmic risks arise, how banks and funds can build resilience to market shocks, and the roles of regulation and human oversight.
Session C – Forensic Accounting and Fraud Auditing
12.00 – 14.00
Room: 046
Title:
Following the Money: Financial Forensics and Business Fraud in the Serbian Economic Environment
Moderator:
Goranka Knežević, PhD
Speakers:
- Miroslava Gaćeša, President, ACFE Serbia Chapter
- Gordana Mrdak, Court Expert in Economics and Finance, Faculty of Political Studies and Security, Singidunum University
Financial forensics combines accounting, auditing, investigative skills, and law, and its application is becoming a key tool in the fight against economic crime. This session takes participants into the world of financial fraud, the detection of concealed asset flows, and the manipulation of financial statements, with particular emphasis on the challenges and realities of doing business in Serbia.
Session D – Valuation
12.00 – 14.00
Room: 016
Title:
The Impact of the Green Transition and the Cost of Capital on Business and Asset Valuation under EU Regulations
Moderator:
Vule Mizdraković, PhD
Speakers:
- Miloš Starović, Head of Global Emerging Markets Sales and Structuring, Bank of America
- Ilija Batas Bjelić, PhD, Senior Research Associate, Institute of Technical Sciences of the Serbian Academy of Sciences and Arts (SASA)
- Danijela Ilić, FRICS, President, National Association of Valuers of Serbia (NUPS)
The European Green Deal turns environmental and regulatory factors into financially material risks for companies in Serbia and the region that do business with the European Union. This session examines how these risks affect business and asset valuation through higher costs of capital, increased operating costs and investments, the loss of customers, and the impairment of obsolete assets. Practitioners and other interested participants are invited to present papers linking sustainability, financial reporting, and valuation in the Western Balkan countries.
Session E – Marketing
12.00 – 14.00
Room: 109
Title:
Marketing in the Era of New Business Trends: Opportunities, Challenges, and Risks
Moderators:
Aleksandar Đorđević, PhD / Maja Obradović, PhD
Speakers:
- Andrijana Marković, Key Account Manager in the Insurance Sector, Comtrade System Integration
- Nikola Mirković, President, Association for Computing, Informatics, Telecommunications and New Media (ASIT)
The session “Marketing in the Era of New Business Trends: Opportunities, Challenges, and Risks” will examine the role of marketing in identifying and responding to contemporary business trends, as well as the importance of developing and adapting strategies under conditions of uncertainty. The discussion will cover the challenges and opportunities arising from changes in the business environment, with particular attention to strategic approaches, innovation, and adaptability in risk management, strengthening organizational resilience, and achieving sustainable business success.
Session F – Financial Reporting
12.00 – 14.00
Room: 125
Title:
AI in Accounting: The Evolution of the Profession or a Quiet Revolution Between Code and the Chart of Accounts
Moderators:
Marko Milojević, PhD / Ana Obradović, PhD
Speakers:
- Jovana Dedić, Consultant and Editor, IPC Informativno poslovni centar d.o.o.
- Jovana Jovanović, Project Audit Manager, Deloitte
- Nikola Ribar, Partner, Assurance, EY
The world of accounting and financial reporting is changing its everyday rhythm. Today, as software takes over routine invoice processing, it creates more room for what matters most: the human role in the process. Accountants are no longer focused solely on recording transactions after the fact and archiving data; they are becoming partners who understand what the numbers tell us and help us make better decisions about the future. As this transformation unfolds, traditional ERP systems are also learning to adapt to the pace of new intelligent tools, making financial reporting simpler while keeping it equally reliable. This panel will explore where automation ends and where human experience, sound reasoning, and the personal judgment that no code can replace begin.
Session G – Environmental Economics
12.00 – 14.00
Room: 018
Title:
Environmental Economics and Modern Technologies: Opportunities, Challenges, and Risks for Developing Countries
Moderator:
Milena Rikalović, PhD
Speakers:
- Sonja Josipović, PhD, Associate Professor, Faculty of Technology and Metallurgy, University of Belgrade
- Marija Šljivić Ivanović, PhD, Principal Research Fellow, Radiation and Environmental Protection Laboratory, Vinča Institute of Nuclear Sciences, University of Belgrade
- Mila Ilić, PhD, Principal Research Fellow, Centre for Chemistry, Institute of Chemistry, Technology and Metallurgy, University of Belgrade
- Rastko Petrović, PhD, Geological Engineer, TAŠ GRUPA
The application of modern technologies is essential to the green transition, as it supports the reduction of the carbon footprint, the rational use of resources, the reduction of waste generation, and the use of waste as raw material in various industrial processes. However, the transition itself brings challenges and risks, as it often requires extensive changes: reconfiguring existing facilities or designing and building new ones, changing employee profiles, developing STEM skills, switching to alternative energy sources, adjusting legislation, and educating both citizens and companies. All of these challenges are particularly significant for developing countries and will be the focus of this panel.
Session H – Human Resource Management
12.00 – 14.00
Room: 005
Title:
The HRM Function as a Factor in Organizational Resilience in Contemporary Business
Moderators:
Lazar Dražeta, PhD / Jadranka Kosović, MSc
Speakers:
- Sonja Jovanović, HR Associate Director, EY, Europe Central
- Nataša Pančić, Senior People & Culture Consultant, HR Excel
- Miloš Jauković, CEO, Dr.Max Serbia
The modern human resource management (HRM) function plays a strategic role in strengthening the capabilities of organizations that continually face crises and business uncertainty. Particular attention will be given to how HRM contributes to employee capability development and engagement, as well as to the evolution of an organizational culture that encourages adaptation and innovation. Drawing on existing insights and practical examples, the aim is to examine how managing people and processes can become one of the key foundations of organizational resilience in contemporary business.
Session I – Scientific Papers
14.30 – 16.30
Room: 005
Moderators:
Gordana Dobrijević, PhD / Timea Bezdan, PhD
Scientific Papers:
- Tijana Kaličanin, Kanchana Devi V, Ivica Terzić
Decision Rules or Better Algorithms? Economic Value in Credit Scoring – Business Finances/ Scientific – Original paper - Gordana Radović, Branko Mihailović, Vesna Popović
Crop Production Insurance in the European Union – Corporate Governance/ Scientific – Review paper - Ivan Golubović, Maja Kljajić, Vule Mizdraković, Mohammad Sultan Ahmad Ansari, Salama Yusuf
The Impact of Statutory Company Size Determinants on Audit Opinions: Evidence from Serbia – External Audit/ Scientific – Original paper - Trajanka Makrevska, Martin Gjorgjiev
The Janus Face of Capital: Sharing Gains, Bearing Adjustment – Corporate Finance/ Scientific – Review paper - Tijana Radojević, Danica Rajin, Jelena Nikolić, Ramon Gascon Alonso
European Investment Bank, Risk Management and Serbia’s Development Resilience – Corporate Finance/ Scientific – Review paper - Nevena Radešić
Signal-Based Risk Assessment for Early Detection of Equipment Degradation – Evaluation and Risk/ Scientific – Original paper - Luka Bulajić, Ivica Terzić
Small-Cap versus Large-Cap Stock Performance during Global Crises – Evaluation and Risk/ Scientific – Original paper - Ivica Terzić, Martin Gjorgjiev, Tijana Kaličanin
Evolving Value at Risk: FRTB and Machine Learning Applications – Evaluation and Risk/ Scientific – Review paper - Miroslav Markovic, Ana Dukić
A Simple Machine Learning Framework for AAPL Price Forecasting – Bussiness finance/ Scientific – Original paper - Anita Babić
Oil Price Shocks and Inflation:vEvidence from the Western Balkans – Business Finances/ Scientific – Original paper - Sandra Vuković
Transition from Traditional to AI-Based Early Warning Systems in Banking – Banking/Scientific – Original paper - Adela Čeković, Edib Smolo
Islamic Banking as a Method of Risk Diversification in Serbia – Banking/ Scientific – Review paper - Biljana Pejović, Meri Šuman Tolić, Ilija Savić
Digital Transformation Risk Management for Strengthening Resilience in Entrepreneurial Ventures – Entrepreneurship/ Scientific – Review paper - Danijela Glušac
Insurance as an Instrument of Risk Management and Organizational Resilience in Professional Sport – Insurance/ Scientific – Review paper - Stefan Mladenovski
Detecting Earnings Manipulation with the Beneath M-Score: The ENRON Case – Forensics/ Scientific – Original paper - Lav Leskur
Does visual complexity in supermarket brochures attract consumers? Neuromarketing-informed analysis – Marketing and Management/ Scientific – Original paper - Nataša Krstić
Parental Control and Algorithm Transparency on YouTube and TikTok – Marketing and management/ Scientific – Original paper - Ivan Efremovski, Valentin Vasilev, Martin Gjorgjiev
Human Resource Management and Organizational Resilience Under Uncertainty – Human Resource Management/ Scientific – Review paper - Biljana Lukić Đorđević
Improving Employees’ Skills for Organizations’ Resilience in Artificial Intelligence Era – Human Resource Management/ Scientific – Review paper - Ana Radulović, Allan Lee, Komal Desai
Gratitude in Organizations: An Overview of Studies – Human Resource Management/ Scientific – Review paper
The international scientific conference FINIZ 2026 is an ideal opportunity for all its participants to present their work and results to the general public and exchange experiences and ideas with other distinguished experts from relevant fields. All conference papers are published under the Attribution-Non Commercial No Derivatives 4.0 International (CC BY-NC-ND 4.0) license — you may share and adapt the material for any purpose, provided you credit the authors, cite the Book of Proceedings as the primary source.
Conference Partner:
Ministry of Science, Technological Development and Innovation of the Republic of Serbia
Student Workshop – From the Interview to a Lasting Impression
14.30 – 16.30
Room: 046
Workshop Facilitators:
Ana Radulović, PhD / Aleksandra Stojiljković
The workshop “From Interview to Lasting Impression” offers participants an opportunity to develop effective self-presentation and communication skills through practical exercises and examples drawn from real-world business situations. Participants will learn how to present themselves, their knowledge, and their ideas in a way that leaves a memorable and lasting impression. The workshop will explore the key elements of a successful job interview, common mistakes to avoid, and the effective use of body language and vocal communication. Particular emphasis will be placed on developing confidence, authenticity, and persuasive communication skills. The primary objective is to equip participants with the confidence, preparation strategies, and practical skills needed to make a positive and lasting impression, not only during job interviews but also in a wide range of professional situations.
