The financial frauds of recent past have created a lot of attention to financial audits and corporate governance. That attention includes the Sarbanes-Oxley Act of 2002. This Act has led to numerous changes in corporate governance. But will the changes affect financial fraud? This research attempts to gather empirical evidence about audit committees, S-OX, and whether the guidelines of S-OX hav...

Credit card fraud detection along with its inherent property of class imbalance is one of the major challenges faced by the financial institutions. Many classifiers are used for the fraud detection of imbalanced data. Imbalanced data withhold the performance of classifiers by setting up the overall accuracy as a performance measure. This makes the decision to be biased towards the majority clas...

The main objective of this research is to investigate the Predictability Financial Statements Fraud-Risk Using Benford’s Law on Tehran Stock Exchange. Therefore, based financial fraud detection criteria, a sample 50 companies was extracted that 25 had fraud-risk in statements (experimental group) and did not have (control group). Next, frequency distribution first left digit numbers as well rat...

Data mining is widely used in today’s dynamic business environment as a manager’s decision making tool, however, not many applications have been used in accounting areas where accountants deal with large amounts of operational as well as financial data. The purpose of this research is to propose a multiple criteria linear programming (MCLP) approach to data mining for bankruptcy prediction. A m...

The concept of a “Fraud Triangle” is introduced to the professional literature in SAS No. 99, Consideration of Fraud in a Financial Statement Audit. The Fraud Triangle consists of three conditions generally present when fraud occurs: Incentive/Pressure, Opportunity, and Attitude/ Rationalizations. Input from forensic experts, academics and others consistently show that evaluation of information...

Financial statement fraud is seen as a rampant problem around the world. Early detection one of ways to curb financial fraud, and it has motivated this study be conducted. The main objective investigate primary factors that influence public listed companies in Malaysia involved fraud. sample used comprised 40 matched with another non-financial Bursa from 2003 2020. This triangle theory form res...

Due to the dramatic increase of fraud which results in loss of billions of dollars worldwide each year, several modern techniques in detecting fraud are continually evolved and applied to many business fields. Fraud detection involves monitoring the behaviour of populations of users in order to estimate, detect, or avoid undesirable behaviour. Undesirable behaviour is a broad term including mis...