CORPORATE RISK REPORTING IN BOSNIA AND HERZEGOVINA

Corporate reporting in Bosnia and Herzegovina is traditionally focused on meeting the legislation frame for the financial reporting. Changes in business environment influence on business perspective of doing business but also on decision making process for wide range of corporate stakeholders. All the matters aforesaid contribute to the necessary changes in traditional financial reporting. Risk reporting is only a first step of corporate reporting process improvement. The institutional frames for risk corporate reporting are IFRS and relevant EU directives. This paper analyzes requirements for corporate risk reporting in EU and Bosnia and Herzegovina. Further, authors will analyze present situation of meeting institutional requirements for corporate risk reporting in Bosnia and Herzegovina on the sample of listing companies on Federation of Bosnia and Herzegovina Stock Exchange- SASE and give some recommendation how to improve it. Key words: risk reporting, institutional frame for risk reporting, quality of financial reporting 1