Fraud prevention by government auditors

Antipova, Tatiana

doi:10.23919/cisti.2017.7976024

Cited by 8 publications

(3 citation statements)

References 9 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Van Erven et al (2017) presents investigation on evidence of fraud in procurement processes. Antipova (2017) has provided an overview of research on government auditor's responsibility to prevent fraud in the public sector.…”

Section: Studies Of Financial Fraud and Fraud Detection Techniquesmentioning

confidence: 99%

Investigation of credit cards fraud detection by using deep learning and classification algorithms

Pratuzaitė

Maknickienė

2020

11th International Scientific Conference “Business and Management 2020”

View full text Add to dashboard Cite

Criminal financial behaviour is a problem for both banks and newly created fintech companies. Credit card fraud detection becomes a challenge for any such company. The aim of this paper is to com-pare ability to detect credit card fraud by four algorithmic methods: Generalized method of moments, K-nearest neighbour, Naive Bayes classification and Deep learning. The deep learning algorithm has been tuned to select key parameters so that fraud detection accuracy is the best. Five recognition accuracy parameters and a cost calcualtions showed that the deep learning algorithm is the best fraud detection meth-od compared to other classification algorithms. A financial company reduces losses and increases customer confidence by using fraud prevention technologies.

show abstract

Section: Studies Of Financial Fraud and Fraud Detection Techniquesmentioning

confidence: 99%

Investigation of credit cards fraud detection by using deep learning and classification algorithms

Pratuzaitė

Maknickienė

2020

11th International Scientific Conference “Business and Management 2020”

View full text Add to dashboard Cite

show abstract

“…There are examples of legal and administrative actions against fraud and in most cases, they occur after the act [58]. In the case of Kobe, the Japanese government required the company to pay USD 1.1 billion to the companies affected by its misconduct [59].…”

Section: Solutionsmentioning

confidence: 99%

Breaking the Trust: How Companies Are Failing Their Customers

Al-Zogbi

Das

Rundle³

et al. 2019

IEEE Access

View full text Add to dashboard Cite

When numerous well-known suppliers and original equipment manufacturers engage in deceptive practices, including falsifying product data or neglecting to report known defects, the fundamental question that arises is whether any claim from any company can be trusted. This paper sheds light on the importance of tackling supply chain fraud more rigorously. This paper discusses the current state of supply chain complexity and customer practices and then highlights the prevalence of fraud and its impact on all consumers. Examples of renowned companies that have either publicly acknowledged fraudulent practices or were caught in some level of deception in their supply of products are provided. Examining the different instances of fraud enabled us to identify cost reduction as a conjoint recurring cause, which formed the baseline to develop and suggest guidelines for fraud detection and risk mitigation. INDEX TERMS Cost reduction, fraud, organizational wrongdoing, quality, reliability, supply chain. I. INTRODUCTION In September 2015, the U.S. Environmental Protection Agency (EPA) announced that cars sold by Volkswagen in the United States emitted higher than allowed levels of environmentally harmful nitrogen oxide compounds [1]. Volkswagen, the world's second largest automaker at the time, denied the accusations for more than a year until confronted with evidence of its ''defeat software''. The software was able to detect when the vehicle was being tested rather than being driven, at which point it switched to ''dyno calibration mode'' to register emissions below the EPA compliance limit [2]. When tested without the defeat software activated, vehicles released up to 40 times more nitrogen oxide than the allowed limit [3]. Volkswagen admitted to the fraudulent activities, and has paid USD 2.8 billion in criminal fines and USD 1.5 billion to settle civil, environmental, customs, and financial violations 1 [7]. The Volkswagen example, however, is just one of many. Clear, factual, and complete disclosure of product data is expected from every participant in a supply chain-from The associate editor coordinating the review of this manuscript and approving it for publication was Bora Onat. 1 Numerous companies, including Audi [4], Porsche [5], Peugeot [6], and more, have been subsequently caught implementing such ''cheating software'' in their cars to trick environmental regulation tests. materials, parts, and systems suppliers, 2 to manufacturers, assembly companies, and distributors [8]. For safety-critical components (such as those purchased for the commercial nuclear industry), such disclosure is often a requirement. 3 Unfortunately, fraudulent practices from well-established and previously respectable companies appear to be on the rise over the past 10 years, and it is increasingly difficult, if not impossible, for customers nowadays to trust their suppliers the way they might have in the past. Per U.S. common law, the definition of fraud requires that a material or false statement be made with the intent to deceive anoth...

show abstract

“…Research by Tatiana (2017) defined fraud as an intentional act that results in a material misstatement of financial statements. Furthermore, the research explains that fraudulent activities are carried out against public sector organizations, including national and subnational government ministries/ agencies, where employees must be responsible for the availability of public services.…”

Section: Introductionmentioning

confidence: 99%

Enhancing the Role of the Audit Board of the Republic of Indonesia in Fraud Detection

Indra¹,

Iskak

Khaq³

2022

JTAKEN

View full text Add to dashboard Cite

This study aims to investigate the rise of rampant fraudulent behavior committed by officials of government entities and explore the development of fraud detection performed by the Audit Board of Indonesia (BPK RI) in Indonesia. This study has three objectives. First, it investigates how officials of government entities in Indonesia committed fraud. Second, it aims to discover the role and performance of BPK in preventing fraud. Third, it aims to recognize the development of audit findings as a result of identified fraud and the contribution made by BPK in detecting fraud in government entities. This study was based on the analysis of study literature and other secondary data sources. This study has identified that the primary role and responsibility of BPK is to detect fraud that will cause material adverse impacts on the government's financial statements. Ergo, disregarding fraud will undermine BPK's reputation and lead to distrust in the quality of external audit findings. Based on the study results, the author suggests that auditors should further sharpen the audit process by providing sufficient evidence and executing audit standards accordingly during the audit process to provide better opinions and recommendations for fraud eradication. In addition, the insights drawn from this study can be used to develop other research instruments (e.g., questionnaires or interviews) to disclose empirical evidence on fraud detection in government entities throughout Indonesia.

show abstract

Fraud prevention by government auditors

Cited by 8 publications

References 9 publications

Investigation of credit cards fraud detection by using deep learning and classification algorithms

Investigation of credit cards fraud detection by using deep learning and classification algorithms

Breaking the Trust: How Companies Are Failing Their Customers

Enhancing the Role of the Audit Board of the Republic of Indonesia in Fraud Detection

Contact Info

Product

Resources

About