In recent years, due to the expansion of financial institutions,as well as the popularity of the World Wide Weband e-commerce, a significant increase in the volume offinancial transactions observed. In addition to the increasein turnover, a huge increase in the number of fraud by user’sabnormality is resulting in billions of dollars in lossesover the world. T...

Online fraud, described as dubious business transactions and deceit carried out electronically, has reached an alarming rate worldwide and has become a major challenge to organizations and governments. In the Gulf region, particularly Saudi Arabia, where there is high Internet penetration and many online financial transactions, the need to put effective measures to deter, prevent and detect onl...

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...

In recent years, due to the expansion of financial institutions,as well as the popularity of the World Wide Weband e-commerce, a significant increase in the volume offinancial transactions observed. In addition to the increasein turnover, a huge increase in the number of fraud by user’sabnormality is resulting in billions of dollars in lossesover the world. T...

This study investigates the process of perpetration and concealment of management fraud in financial statements. First, we argue that fraud schemes consist of two components: “account schemes” and “evidence schemes.” Account schemes are the schemes through which management perpetrates fraud by manipulating account balances or disclosures. Evidence schemes are the schemes through which managemen...

Fraud in banks has been steadily growing over the past years and is a challenge to banks worldwide. The complexity involved in detection of such fraudulent activities further adds to the problem. A thorough examination of fraud and its possibilities is necessary to pinpoint and distinguish the few fraudulent cases within the vast volumes of banking data. In this paper we have discussed various ...

Financial fraud is a societal problem for adults of all ages, but financial losses are especially damaging to older adults who typically live on fixed incomes and have less time to recoup losses. Persuasion tactics used by fraud perpetrators often elicit high levels of emotional arousal; thus, studying emotional arousal may help to identify the conditions under which individuals are particularl...

Contemporary research among fraud professionals indicates that organizations lose 5% of revenues from every year which makes the in this area and derivation detection models very important. The purpose article is to develop a new accounting tool will help companies investors prompt prevention can finally result preservation financial stability as well more efficient capital allocation. In conte...

One of the recent strategies for increasing the customer’s loyalty in banking industry is the use of customers’ club system. In this system, customers receive scores on the basis of financial and club activities they are performing, and due to the achieved points, they get credits from the bank. In addition, by the advent of new technologies, fraud is growing in banking domain as well. Therefor...