Recently, many financial scandals and frauds have been published in mass media. It has resulted ruining the public trust internal auditor profession as third line of defense since perceived detection prevention auditors’ responsibility (DeZoort & Harrison, 2018). The fraud risk judgment performance questioned. There are scales to measure judgment; however, they mostly related financial-stat...

November 15, 2011 In many moral hazard problems, an agent may manipulate the information that the principal observes. This type of fraud has attracted widespread attention in executive performance pay manipulation and public medical insurance fraud. However, fraud is possible but conspicuously absent in many other markets. For example, websites may defraud advertisers by inserting fake clicks o...

UNLABELLED Food fraud, including the more defined subcategory of economically motivated adulteration, is a food risk that is gaining recognition and concern. Regardless of the cause of the food risk, adulteration of food is both an industry and a government responsibility. Food safety, food fraud, and food defense incidents can create adulteration of food with public health threats. Food fraud ...

With the ageing of the population, and increasing demand for individuals to be financially literate and self-sufficient, older Australians may find themselves at greater risk of fraud. Although the proportion of the elderly experiencing fraud is lower than for those aged less than 65 years, this is the crime they are most likely to experience and the effects can be devastating as the elderly ar...

Data mining techniques are providing great aid in financial accounting fraud detection, since dealing with the large data volumes and complexities of financial data are big challenges for forensic accounting. The implementation of data mining techniques for fraud detection follows the traditional information flow of data mining, which begins with feature selection followed by representation, da...

© 2007 GCX Advanced Analytics LLC 1 www.gcxanalytics.com Fraud risk managers are interested in detecting and preventing fraud, but when it comes to making a business case to management for a new, analytics-based, detection system, it is frequently difficult to quantify the benefits of the system. Even if all the other parts of the system are fine from a software application perspective (alert m...

Frauds in insurance industry are one of the major sources of operational risk of insurance companies and constitute a significant portion of their losses. Every reasonable company on the market aims for improving their processes of uncovering frauds and invests their resources to reduce them. This article is addressing fraud management area from the view of extension of existing Business Intell...

Micropayment systems are electronic payment systems that are used for very small payment and for their viability must have small transaction cost. In this paper we propose a coin-based micropayment scheme that uses a probabilistic fraud checking with distributed verification to provide an efficient solution to detect double spending by malicious customers and hence reduces the risk on the merch...