In this study, I investigate the economic determinants of firms’ propensity to commit securities fraud and the determinants of fraud detection. The analysis is based on a new handcompiled fraud sample of private securities class action litigation suits filed between 1996 and 2003 involving allegations of accounting irregularities. I use econometric methods to account for the unobservability of ...

Fraud is an unauthorized activity taking place in electronic payments systems, but these are treated as illegal activities. Fraud detection methods are continuously developed to defend criminals in adapting to their strategies. Fraud can be identified quickly and easily through fraud detection techniques. In this paper, clustering approach is used for credit card fraud detection. Data is genera...

Currently peer review is thought to be slow, expensive, profligate of academic time, highly subjective, prone to bias, easily abused, poor at detecting gross defects, and almost useless for detecting fraud. One cannot predict the future but at present there do not seem to be serious alternatives to peer review. Peer review has been structurally static since the nineteenth century mainly through...

A nonsystematic survey of plagiarism, misrepresentation, and fraud in British medical research found that such cases are known to only a few people, that little of the published work is retracted, and that few institutions have any formal mechanism for dealing with instances of medical misconduct. The author believes that the problem is considerably larger than indicated by the survey, particu...

As technology advances, fraud is becoming increasingly complicated and difficult to detect, especially when individuals collude. Surveys show that the median loss from collusive fraud is much greater than fraud perpetrated by individuals. Despite its prevalence and potentially devastating effects, internal auditors often fail to consider collusion in their fraud assessment and detection efforts...

62 Abstract— With an increase in financial accounting fraud in the current economic scenario experienced, financial accounting fraud detection has become an emerging topics of great importance for academics, research and industries. Financial fraud is a deliberate act that is contrary to law, rule or policy with intent to obtain unauthorized financial benefit and intentional misstatements or om...

Everybody can recall some kind of fraud that has been all over the news. If it were Enron, WorldCom, Lernout & Hauspie, Ahold, Société Générale or another case does not matter. Fact is that fraud has become a serious part of our life and hence a serious cost to our economy. Several studies on this phenomenon report shocking numbers: forty-three percent of companies worldwide have fallen victim ...

This report examines previous research on malicious insiders with particular emphasis on the social and psychological factors that may have influenced the attacker and their behaviours. This research also draws on corresponding studies into fraud and espionage in non IT scenarios. A range of preventative measures is presented that approach the problem from personnel, policy and technical perspe...

The majority of the United States health care fraud has been focused on the major public program, Medicare. The yearly financial loss from Medicare fraud has been estimated at about $54 billion. The purpose of this research study was to explore the current state of Medicare fraud in the United States, identify current policies and laws that foster Medicare fraud, and determine the financial imp...