Big Data in Auditing for the Future of Data Driven Fraud Detection

Handoko, Bambang Leo; Mulyawan, Archie Nathanael; Tanuwijaya, Jonathan; Tanciady, Fransiska

doi:10.35940/ijitee.b7568.019320

Cited by 31 publications

(9 citation statements)

References 15 publications

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“…In simple terms, procurement is the necessary economic activity for an enterprise to obtain the materials it needs, including a series of operations such as planning, decision-making, purchasing, tracking, acceptance, transportation, and storage [ 2 ]. Therefore, in a narrow sense, procurement is the purchase behavior of products or services according to their own needs for the purpose of operation and production [ 3 ]. From a broad perspective, procurement is an economic activity in which an enterprise obtains ownership of resources through multiple channels and methods, cyclically and continuously, and its purpose is to meet all of its own needs.…”

Section: Related Workmentioning

confidence: 99%

Application of Mathematical Modeling in Cost Control of Medical Equipment Procurement in Public Hospitals

Chen

2022

Computational and Mathematical Methods in Medicine

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The purpose of this study is to strengthen the procurement management of public hospitals and ensure the quality of medical equipment. In this paper, combined with the procurement process of medical equipment in public hospitals, on the basis of RFID technology, a JRP model of random demand for medical equipment procurement in public hospitals is established. At the same time, according to the type and quantity of decision variables, the DE solution algorithm is redesigned, and based on the support of the algorithm, a mathematical model for cost control of medical equipment procurement in public hospitals is established. It can be seen from the analysis results that the cost control system for medical equipment procurement in public hospitals based on the mathematical model proposed in this paper can play an important role in public hospital equipment procurement and promote the standardized operation of public hospital procurement management.

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Section: Related Workmentioning

confidence: 99%

Application of Mathematical Modeling in Cost Control of Medical Equipment Procurement in Public Hospitals

Chen

2022

Computational and Mathematical Methods in Medicine

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“…The shift to digital space and the overall rapid acceleration to digital transformation vis à vis Industry 4.0 makes it clear that in the modern competitive scenario, different industries seek to use big data with machine learning to mitigate risks and prevent fraud [34][35][36][37]. Government interventions via policy changes and the government's use of big data and technology play a big role in curbing illegal real estate practices, as was the case in China and Indonesia [38,39].…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Gumasing,

Niro

2023

Sustainability

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The Philippines’ real estate (RE) market vis à vis its government’s collective efforts to accelerate its digital transformation faces prevalent illegal RE practices online on top of limited publicly accessible data for decision-making and decentralized and highly regional RE markets. As the middle-income millennials’ and Gen Zs’ purchasing power rises, these increasingly important consumer groups might fall prey to online RE colorums or make bad RE investment decisions. In anticipation of big data, ML, and AI becoming integral to the Philippine RE industry, this study extends the theory of the planned behavior model to account for RE investment and illegal practice and to build a theoretical basis for foundational models. A total of 400 Filipinos aged 15 to 42 from different regions in the country responded to a self-administered online survey questionnaire. The model was assessed using partial least squares structural equation modeling (PLS-SEM) and was proven to be sufficient to explain the proposed model. Results from the partial least squares structural equation modeling (PLS-SEM) revealed that during inflation, risk tolerance (RT), perceived property value (PPV), and aversion from illegal practice (IP) significantly influence millennials’ and Gen Zs’ intention to invest in the RE market, implying that they would consider prioritizing profitability at the expense of sustainability. Thus, a collective commitment to provide transparent and real-time data on RE KPIs and projects is necessary for safer and optimized operations while ensuring the sustainability of current and future projects.

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“…The use of big data analytics positively affects work performance and improves the audit quality carried out by auditors. Big data analytics will significantly add value to organizations by discovering hidden patterns in data (Handoko et al, 2020).…”

Section: Fraud Detection Automation Through Data Analytics and Artifi...mentioning

confidence: 99%

Fraud Detection Automation Through Data Analytics and Artificial Intelligence

Ikhsan

Ednoer²,

Kridantika³

et al. 2022

riset

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This study aims to review the use of data analytics and artificial intelligence in fraud detection to support internal audits. This study employs a qualitative method with a scoping review approach. The research data comprised 24 online journal articles indexed by Scopus and Sinta, which were used as the basis for scoping reviews. The stages carried out in this study consisted of identifying research questions, using keywords, selecting literature, mapping the results of research data, and compiling a summary of research results. This study concludes that the fraud detection model based on data analytics and artificial intelligence has a high accuracy value in improving audit quality. This study indicates that the Indonesian Financial and Development Supervisory Agency needs to increase the use of technology, including data analytics and artificial intelligence, to detect fraud optimally.

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Big Data in Auditing for the Future of Data Driven Fraud Detection

Cited by 31 publications

References 15 publications

Application of Mathematical Modeling in Cost Control of Medical Equipment Procurement in Public Hospitals

Application of Mathematical Modeling in Cost Control of Medical Equipment Procurement in Public Hospitals

Antecedents of Real Estate Investment Intention among Filipino Millennials and Gen Z: An Extended Theory of Planned Behavior

Fraud Detection Automation Through Data Analytics and Artificial Intelligence

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