ForA - Forensic Accounting,

a missing link
in education and practice

Networks of Towns
European Citizenship Programme

Today, the international, financial and business environment in Europe and beyond is faced with a
dangerous and growing volume of occurrences of financial fraud that threaten the long-term economic
stability of the European economy and represent a limiting factor for further harmonious economic
development, particularly for efforts to reduce the growing unemployment rate that is increasingly
causing social tensions, political conflicts and is leading to general instability, especially in transition
countries.

Since that the times are more and more turbulent and uncertain in terms of business and market survival,
many companies (in addition to taking care of achieved results, employees, business risks and the such)
must devote adequate attention to the prevention of financial fraud that may befall them.

Abandoning the traditional form, content and the timing of presenting financial reports is precisely what
is required by modern needs associated to faster recovery from the current crisis or stimulation of more
intensive development of the financial market, as the key factor for the future economic development of
modern Europe.

A series of major upheavals should be expected in the perspective on capital markets, which will be
adjusted; that is, adapt fraud, and therefore new forms of fraud will have to constantly adapt to the
independent auditors, financial auditors, forensic experts, and other experts involved in their detection.

Concisely for this reason we invite you to join the Network of European Towns, which will contribute to
the development of forensic accounting education and practice, the missing link/bond in education and
practice. While this process is not easy, the benefits it brings are priceless. That is why we want to start a
series of educational activities in the field of forensic accounting, both at the academic level, as well as in
accounting practices, and to network and jointly devise a common strategy against financial fraud.

Planned activities:
Preparatory meeting of partners
Dialogue, forums and debates for the local levels
4 international conferences (in each partner country, at a dynamic of every other month)
Publishing the guidebook/policy book
Establishment of coordination teams within the Network of Cities project ForA

Project coordinator:
CPM Prokuplje, Serbia