Embedding process mining into financial statement audits

Bayesian Fraud Risk Formula for Financial Statement Audits

Financial Statement Fraud Detection by Data Mining

-------------------------------------------------------------------ABSTRACT---------------------------------------------------------------------Financial losses due to financial statement frauds (FSF) are increasing day by day in the world. The industry recognizes the problem and is just now starting to act. Although prevention is the best way to reduce frauds, fraudsters are adaptive and will ...

Tackling Complexity: Process Reconstruction and Graph Transformation for Financial Audits

A key objective of implementing business intelligence tools and methods is to analyze voluminous data and to derive information that would otherwise not be available. Although the overall significance of business intelligence has increased with the general growth of processed and available data it is almost absent in the auditing industry. Public accountants face the challenge to provide an opi...

The application of data mining techniques in manipulated financial statement classification: The case of turkey

Predicting financially false statements to detect frauds in companies has an increasing trend in recent studies. The manipulations in financial statements can be discovered by auditors when related financial records and indicators are analyzed in depth together with the experience of auditors in order to create knowledge to develop a decision support system to classify firms. Auditors may annot...

Perceptions of preparers, users and auditors regarding financial statement audits conducted by Big 4 accounting firms

This study includes the most diverse stakeholder population integrated into one research study regarding perceptions of fi nancial statement audits conducted by Big 4 accounting fi rms. Whereas prior studies almost exclusively used either archival data or experiments to implicitly derive the stakeholders ’ perceptions, this study employed focus groups with fi nancial statement (1) preparers; (2...