We estimate what percentage of firms engage in fraud and the economic cost of fraud. Our estimates are based on detected frauds, and frauds that we infer are started but are not caught. To identify the ‘iceberg’ of undetected fraud we take advantage of an exogenous shock to the incentives for fraud detection: Arthur Andersen’s demise, which forces companies to change auditors. By assuming that ...

In this paper, the authors examine how different types of fraud in most Information Technology (IT) environments affect an audit risk model from 2001 through 2008. Variations in IT fraud are questionable for determining the audit risks that affect audit quality and report. The data sources in this study came from the Computer Crime and Security Survey report (CSI) 2008. By relating different IT...

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...

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...

In last three decades the attacks against the personal information, social information and financial information become more frequent and sophisticated. Initially, the purpose of cyber attack was the entertainment but as scenario has changed, internet is now seen as wonderful tool to conduct fraud or to grasp the information about anyone else. The paper shows how internet is important for cyber...

Research background: The issue of fraud is a real and not an exceptional phenomenon in today’s global economies. Fraud arises businesses at different levels from motivations. However, with the development fraud, methods are also being developed to help detect such fraud. Therefore, present paper focused on creative accounting as one tools for detecting these scams. consists four parts. first pa...

In comparison-shopping services (CSS), there exist frauds who perform excessive clicks on a target item in order to boost the popularity of it. In this paper, we introduce the problem of detecting frauds in CSS and propose three anomaly scores designed based on click behaviors of users in CSS.