Publication
Title
Internal fraud risk reduction: results of a data mining case study
Author
Abstract
Corporate fraud represents a huge cost to the current economy. Academic literature has demonstrated how data mining techniques can be of value in the fight against fraud. This research has focused on fraud detection, mostly in a context of external fraud. In this paper, we discuss the use of a data mining approach to reduce the risk of internal fraud. Reducing fraud risk involves both detection and prevention. Accordingly, a descriptive data mining strategy is applied as opposed to the widely used prediction data mining techniques in the literature. The results of using a multivariate latent class clustering algorithm to a case company's procurement data suggest that applying this technique in a descriptive data mining approach is useful in assessing the current risk of internal fraud. The sameresults could not be obtained by applying a univariate analysis.
Language
English
Source (journal)
International journal of accounting information systems. - Amsterdam
Publication
Amsterdam : 2010
ISSN
1467-0895
Volume/pages
11:1(2010), p. 17-41
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
External links
VABB-SHW
Record
Identification
Creation 20.05.2010
Last edited 21.11.2016
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