Plenary session
Nemanja Stanišić
Rector · Singidunum University
FINIZ 2021
Agenda
Are You Ready for the ContinuousNEXT® Approach After the COVID-19 Pandemic?
FINIZ 2021
Conference day
The programme moves from the plenary conversation to focused parallel sessions and scientific-paper presentations.
Gathering & Welcome Virtual Refreshments
Plenary Session
Networking And Virtual Refreshments
Parallel Sessions
Networking And Virtual Refreshments
Parallel Sessions
10:00
Plenary session
Plenary session
Marko Janković
President of Securities Commission · Republic of Serbia
Plenary session
Dejan Miletić
PhD · National Academy for Public Administration Republic of Serbia
Plenary session
Sanja Popović-Pantić
PhD · Association of Business Women in Serbia
Plenary session
Jelena Kralj
ACE Certified Coach · Pedersen & Partners
Plenary session
Rade Rakočević
PhD, Wealth Management Consultant · Senzal Capital
Conference sessions
Session A
11:35 - 13:05
"In Step With Changes in The Business Environment"
Organized by the Association of Internal Auditors of Serbia (UIRS)
Moderators:
Miroslav Perić, PhD, Jelena Runić, President, IIA Serbia
Papers
- Ana Ilić, Senior Audit Specialist, SAP
Tema: „Lične karakteristike, veštine i profesionalna znanja internih revizora“ - Marija Banović, CIA, Dunav penzije
Tema: „Profesionalni skepticizam - jednostavno pitanje - zašto?“ - Emil Živkov, PhD, TRANSNAFTA AD
Tema: „Procesni pristup internoj reviziji (sa primerom)“
In the previous two years, the pandemic, which was caused by coronavirus, has in many aspects influenced the change of business philosophy and the organization of life in general. There are certain expectations that this will affect the way of life and the organization of business activities in the future as well. As far as the organization of work in companies is concerned, the new circumstances have imposed a new philosophy of organizing work. Thus, many companies switched to the model that a significant number of employees work from home, which required that the concepts of work organization be adjusted to that. This inevitably led to a change in the internal audit process - that auditors generally organize their work from home. This work is based on the establishment of newly defined ways of communication with audit clients within companies, on the implementation and use of various applications and platforms. All this has resulted in conducting a more agile and shorter audit, changing the way of communication and reporting on audit results and the like. The profession is faced with the dilemmas of internal auditors, their necessary skills and personal characteristics in order to perform their work even in such changed conditions with quality and in accordance with the requirements of the International Standards for the Professional Practice of Internal Auditing. In this regard, fellow lecturers will remind us of some important topics and issues that are the basis of our work and which in changed circumstances can be neglected or lost sight of, and the foundations of the profession must not collapse.
Session B
11:35 - 13:05
Electronic Invoices as an Obligatory Step Towards Business Digitalization
Moderators:
Zoran Petrović, PhD
Speakers:
- Verica Teofilović, Finance Director, Doncafé Strauss Adriatic
- Marko Danon, PhD, Head of Competitiveness Unit, NALED
- Nenad Solujić, CEO, Doclop d.o.o.
Digitization of business, including accounting and financial business is a prerequisite for the improvement and survival of companies. Many subjects do not understand this and do not have an independent initiative to enter into that procedure. The enactment of the Law on Electronic Invoicing imposed an obligation on entities to digitize a part of their business - in connection with the issuance, receipt and storage of invoices. When an obligation is imposed, it is easier to fulfill it and more correct if it is understood what the possible benefit of it is. Therefore, the aim of the session would be to provide the subjects with information on all aspects (positive and possibly negative) of the digitalization of this part of the business. The interlocutors would be from the economy, entities that deal with mediation in this business, and if possible from the relevant state bodies.
Session C
11:35 - 13:05
Experience-Sharing of Visegrad Countries to Tax Avoidance Activity
Moderators:
Piotr Luty, Wroclaw University, Domnika Florek, Wroclaw University
Papers
- Roman Vavrek, Presov University in Presov
Topic: „MCDM with emphasis on the importance of criteria“ - Tömöri Gergo, University of Debrecen
Topic: „Statistical analysis of tax measures effects to the budget revenues“ - Krzysztof Biernacki, Wroclaw University of Economics and Business
Topic: „Sources of income as a method of minimization tax aggressiveness – Polish perspective“ - Vilmos Lakatos, University of Debrecen
Topic: „Anti- tax avoidance measures by the Hungarian government and their impact (On-line Road Freight Control System and other measures)“ - Dóra Kerezsi, University of Debrecen
Topic: „Anti- tax avoidance measures by the Hungarian government and their impact (On-line invoicing and on-line cash register)“ - Ilona Fałat-Kilijańska, Wroclaw University of Economics and Business
Topic: The influance of business models on tax avoidance in V4 countries (PE/VC funds)
“Experience-sharing of Visegrad countries to tax avoidance activity” financed by the International Visegrad Fund grant (project No. 22010083). The papers will present guidelines for adjusting the law and the impact of tax evasion on social responsibility policy in the countries of the Visegrad Group and the Republic of Serbia.
Session D
11:35 - 13:05
Communication and Collaboration in the Center of Marketing Problems in the Post-Covid Era
Moderators:
Jelena Gajić, PhD, Aleksandar Đorđević, PhD
Speakers:
- Ljiljana Radosavljević, PPGA and Corporate Communications Manager, PepsiCo West Balkans
- Aleksandar Milojević, Senior Strategic Planner, McCann Beograd
- Marijela Ristić, Marketing Manager, Comtrade Distrubution
- Dejan Živadinović, Founder & CEO, Vitamin studio
In today's challenging, dynamic environment, digital communication and collaboration are the dominant ways to connect all market players, both in the COVID-19 pandemic and in the post-COVID period. Identifying current programs and tools used in these processes, their analysis and forecasting the future is a way to continuously improve, update and optimize processes and activities to meet the needs of different target groups, but at the same time increase the efficiency and effectiveness of employees.
Session E
11:35 - 13:05
Fintech in the Era of Kovid
Moderators:
Lidija Barjaktarović, PhD
Speakers:
- Prof. Nikola Stakić, PhD, Member Board Of Directors, CFA Society Serbia
- Aleksandra Ognjanović, Director of Digital Banking and Innovation Division, Erste Bank, Novi Sad
- Srđan Maletić, CEO, Intesa Invest Beograd
At the International Scientific Conference FINIZ 2021, a session will be held on the topic of the COST CA 19130 project - Applications of artificial intelligence in finance, which leads to greater transparency in the financial industry (Fintech and Artificial Intelligence in Finance – Towards a transparent financial industry).
Session C
13:10 - 14:40
Experience-Sharing of Visegrad Countries to Tax Avoidance Activity
Moderators:
Piotr Luty, Wroclaw University, Domnika Florek, Wroclaw University
Papers
- Wiktoria Oprzędek, Wroclaw University of Economics and Business
Topic: „Withholding tax as a tool to prevent tax avoidance“ - Hana Bohusova, The College of Regional Development and Banking Institute – Ambis
Topic: „Fraud and tax avoidance detection in accounting“ - Veronika Solilova, Mendel University in Brno
Topic: „Tax avoidance in financial transaction“ - Pavel Semerád (Mendel University in Brno) and Lucie Semerádová (The College of Regional Development and Banking Institute – Ambis)
Topic: „Tax Fraud Detection in Accommodation Services“ - Lucie Semerádová, The College of Regional Development and Banking Institute – Ambis
- Dominika Florek, Wroclaw University of Economics and Business
Topic: Tax motivation of entrepreneurs in Poland - research results - Piotr Luty, Wroclaw University of Economics and Business
Topic: New determinants of tax avoidance in V4 countries
“Experience-sharing of Visegrad countries to tax avoidance activity” financed by the International Visegrad Fund grant (project No. 22010083). The papers will present guidelines for adjusting the law and the impact of tax evasion on social responsibility policy in the countries of the Visegrad Group and the Republic of Serbia.
Session F
13:10 - 14:40
Challenges of New Normal in Forensic Investigation Organized by ACFE Serbia Chapter
Moderators:
Goranka Knežević, PhD, Marija Kušić Radovanović (ACFE Serbia Chapter)
Speakers:
- Marija Đorđević, ACFE Member, Internal Control and Audit Specialist
Tema: „Prevarne radnje u vreme pandemije i efekti Beneish metode“ - Predrag Maletić, Advanced Analytics Chapter Lead Deputy, Raiffeisen bank Serbia
Tema: „Razvoj Fraud Scoring modela i njegova primena“ - Miloš Tanjević, Head ofCompliance, Komercijalna banka AD Beograd
Tema: „Tipologije pranja novca i prepoznavanje sumnjivih transakcija u bankarskom sektoru“
In time of uncertainty shaped by COVID-19 health crisis, forensic investigators face many different challenges regarding the fact that some investigations are now being conducted remotely, as well as because the new ways of committing frauds emerge in corporations that work online and because the new normality revealed many weaknesses of corporate internal control. Difficult times call for innovative investigative solutions to evolve which will be discussed in this parallel session.
Session G
13:10 - 14:40
Triple Effect of EU Environmental Regulation Changes on the Value Process Organized By NUPS And USSVP
Moderators:
Vule Mizdraković, PhD
Speakers:
- Slavenka Mitrović-Lazarević, PhD, Valuer, Court Expert, Atelier Mitrovic Ltd
- Dragan B. Karović, Court Expert
- Miroslav Višnjić, President, USSVP
The aim of this session is to develop a constructive discussion between panelists and session participants in order to exchange experiences, improve understanding and understanding of effects and consequences, application of new EU regulations related to environmental protection, organization and implementation of valuation procedures: real estate; plant, machinery and equipment and business values of companies.
Session H
13:10 - 14:40
Human Resources Management Through Continuous Business Improvement
Moderators:
Lazar Dražeta, PhD
Speakers:
- Branko Anđelković, Marketing Manager, Galenika a.d.
Tema: „Burnout sindrom: od stresa do dijagnoze“ - Aleksandar Protić, Factory Manager, Al Dahra
Tema: „Sistemi neprekidnog poboljšanja u Operacijama“ - Sonja Jovanović, HR Associate Director, EY - CESA Organizational Development
Tema: „Budućnost rada“
Continuous improvement is a strategy by which employees at all levels of the organization work on constant changes in the business process, combining the power of human capital with the company's ability for continuous development. In addition to improving the business process, this strategy affects the improvement of many aspects of organizational culture through the interrelationship of employees and commitment to the organization.
Session I
13:10 - 14:40
Scientific Papers
Moderators:
Nebojša Bačanin-Džakula, PhD, Tijana Radojević, PhD
Speaksers:
- Vule Mizdraković, Maja Kljajić, Blaženka, Hadrović Zekić, „Internal auditing in Covid-19 environment: Is remote auditing a solution?“
- Nikola Stakić, Dharmendra Singh, Luca Kuzevski Lunnemann, „Exchange-traded funds and their performance during Covid crisis“
- Garima Malik, Dharmendra Singh, Nikola Stakić, „Understanding the behavioural intention to adopt internet banking: An indian perspective“
- Tijana Radojević, Danica Rajin, Vladimir Brkić, David Teraladze, „Economic measures of Serbia against the Covid-19 pandemic“
- Zoran Jović, Stevan Tomašević, „Traditional vs modern approaches to measuring the performance of a company“
- Marija Đekić, Tamara Vesić, „Regulatory and institutional restrictions on small business loans in Serbia“
- Gordana Đuranović, Sanja Filipović, „Harmonization of Serbian competition policy in banking sector with EU regulations“
- Milena Nikolić, Vladimir Mitić, Kristina Kaličanin, „Impact of covid-19 on the life insurance development in Serbia“
- Ivan Ćerdić, Goranka Knežević, „The emergence of creative accounting in insufficiently regulated business systems“
- Aleksandra Živaljević, Ana Jovancai Stakić, „Business models in perspective of “new normal” business environment“
- Miloš Petković, Dang-Huy CAO, „The link between corporate strategy and intellectual capital: Theorethical overview“
- Jelena Gajić, Aleksandar Đorđević, „Digital communicaton and connectivity in overcoming the wider eaffect of the pandemic crisis“
- Ana Radulović, Olga Epitropaki, Antonis Polentas, Miquel Salvadó-Gracia, „Leading in the time of crisis: Charismatic leadership“
- Marko Pavićević, Mohammad Razaul, Karim, Abdul Razaque-Larik, Rosa Y. Coaricona Mendoza, „The impact of globalization on corporate culture in the time of Covid—19“
- Tanja Stanković, Tijana Radojević, „Employees motivation and managerial coaching during the Covid-19 pandemic“
- Andrijana Savić, Gordana Dobrijević, „The impact of Covid-19 pandemic on work organisation“
The international scientific conference FINIZ 2021 is an ideal opportunity for all its participants to present their work and results to the general public, as well as to exchange experiences and ideas with other distinguished experts from relevant fields. Two papers, in the expanded form (30%), will be selected and proposed for publication in The European Journal of Applied Economics (M51) in an accelerated procedure.