Financial managers, auditors, and fraud examiners are eager to find an automated, timely approach to discovering which publicly traded companies may be harboring financial frauds. Investors, corporate treasurers, and portfolio managers all want a dependable, automatic process to help them sift through voluminous financial data to find the few firms among hundreds that give investors bad informa...

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...

This thesis introduces a financial simulation model covering two related financial domains: Mobile Payments and Retail Stores systems. The problem we address in these domains is different types of fraud. We limit ourselves to isolated cases of relatively straightforward fraud. However, in this thesis the ultimate aim is to introduce our approach towards the use of computer simulation for fraud ...

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...