Detecting complex account fraud in the enterprise: The role of technical and non-technical controls

Goode, Sigi; Lacey, David

doi:10.1016/j.dss.2010.08.018

Cited by 30 publications

(11 citation statements)

References 58 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Corporations may also be reluctant to admit that they have a fraud or security problem within their operations. Managers may not wish to open their corporation to enquiry or analysis by outside groups, including academic researchers, lest it affect their reputation in the market [17]. It is rare for external auditors to be granted access to raw, unsanitized data.…”

Section: Resultsmentioning

confidence: 99%

See 1 more Smart Citation

Detection of Financial Information Manipulation by an Ensemble-Based Mechanism

Shih¹,

Lin²,

Hsu³

2014

NNW

View full text Add to dashboard Cite

This tutorial is based on modification of the professor nomination lecture presented two years ago in front of the Scientific Council of the Czech Technical University in Prague [16].It is devoted to the techniques for the models developing suitable for processes forecasting in complex systems. Because of the high sensitivity of the processes to the initial conditions and, consequently, due to our limited possibilities to forecast the processes for the long-term horizon, the attention is focused on the techniques leading to practical applications of the short term prediction models. The aim of this tutorial paper is to bring attention to possible difficulties which designers of the predicting models and their users meet and which have to be solved during the prediction model developing, validation, testing, and applications. The presented overview is not complete, it only reflects the author's experience with developing of the prediction models for practical tasks solving in banking, meteorology, air pollution and energy sector. The paper is completed by an example of the global solar radiation prediction which forms an important input for the electrical energy production forecast from renewable sources. The global solar radiation forecasting is based on numerical weather prediction models. The time-lagged ensemble technique for uncertainty quantification is demonstrated on a simple example.

show abstract

Section: Resultsmentioning

confidence: 99%

“…FS and FE are dissimilar methods used to alleviate the curse of dimensionality problem [17]. Both methods can simplify the detection model as well as increase the processing speed of calculation, leading to better response time.…”

Section: Resultsmentioning

confidence: 99%

Detection of Financial Information Manipulation by an Ensemble-Based Mechanism

Shih¹,

Lin²,

Hsu³

2014

NNW

View full text Add to dashboard Cite

show abstract

“…Moreover, results of research into a large telecommunication company imply that technical checks detect a mere one third of cases of frauds. More complex frauds are detected by a number of technical and social-technical checks both from the inside and outside of companies (Goode and Lacey, 2011). The main methods (strategies) with respect to creative accounting and accounting frauds were selected for an analysis of the impact of creative accounting techniques by the M-score CFEBT model.…”

Section: Methodsmentioning

confidence: 99%

Fraud Risk Management from the Perspective of CFEBT Risk Triangle of Accounting Errors and Frauds

Drábková

2018

Acta Univ. Agric. Silvic. Mendelianae Brun.

View full text Add to dashboard Cite

The objective of the present contribution is to evaluate the risk of the impact of accounting errors and frauds on reported accounting records on the basis of the CFEBT risk triangle of accounting errors and frauds. The analysis is conducted in the framework of a case study that examines a selected accounting unit predominantly operating in trade, with respect to financial statements reported during the years 2011–2015. The evaluation of the risk of impacts of accounting errors and frauds forms a part of one of the three vertices of the CFEBT risk triangle. The contribution presents results of the CFEBT approach at three levels of the M‑score and analyses significant discrepancies between the generation of earnings and increase in cash flow during the observed periods. The CFEBT risk triangle was designed as a tool for detection, evaluation and management of the risk of accounting errors and frauds in circumstances of the Czech accounting standards and International Financial Reporting Standards (IFRS). The essential aim of the triangle is to reduce information asymmetry between authors and users of accounting records, or, in other words, to increase the quality of available information with respect to decision‑making on the basis of available accounting information.

show abstract

“…Organizations that achieve a greater balance between technical and non-technical controls achieve greater compliance with regulatory requirements and more effective risk management (Goode & Lacey, 2011;Kwon & Johnson, 2013). Technical controls are well suited to prevent and detect known threats, but are less effective against new or complex threats (Goode & Lacey, 2011). Non-technical controls can be used to gather the data necessary to develop technical controls to mitigate risk from new or complex threats, thereby reducing costs (Goode & Lacey, 2011).…”

Section: Iss Managementmentioning

confidence: 99%

“…Technical controls are well suited to prevent and detect known threats, but are less effective against new or complex threats (Goode & Lacey, 2011). Non-technical controls can be used to gather the data necessary to develop technical controls to mitigate risk from new or complex threats, thereby reducing costs (Goode & Lacey, 2011).…”

Section: Iss Managementmentioning

confidence: 99%

Information system security commitment: A study of external influences on senior management

Barton

Tejay

Lane

et al. 2016

Computers & Security

View full text Add to dashboard Cite

From the beginning, a completed dissertation was the goal, but the real value was in the process, not the product. The dissertation demonstrates the ability of a researcher to complete a significant study, but only after the process provides the skills in conceiving and justifying a research idea, designing a study, collecting and analyzing the data, and finally reporting the results. The process was rewarding in its own right. I sincerely thank my advisor and committee chairperson, Dr. Gurvirender Tejay, for his direction, guidance, and focus. Dr. Tejay's steady and consistent mentorship gave me the confidence to follow a productive and purposeful path to completion. Committee members Dr. Steve Terrell and Dr. Michael Lane provided valuable support through the dissertation process, and created an environment that fostered learning and development. Your insight pushed me to learn beyond where I had set my own limits. I am especially grateful to my wife, Shirley, who encouraged and motivated me, while remaining patient and supporting as I hit the inevitable obstacles. You helped me strike the balance between steady progress and unproductive, wasted effort.

show abstract

Detecting complex account fraud in the enterprise: The role of technical and non-technical controls

Cited by 30 publications

References 58 publications

Detection of Financial Information Manipulation by an Ensemble-Based Mechanism

Detection of Financial Information Manipulation by an Ensemble-Based Mechanism

Fraud Risk Management from the Perspective of CFEBT Risk Triangle of Accounting Errors and Frauds

Information system security commitment: A study of external influences on senior management

Contact Info

Product

Resources

About