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dc.contributor.authorKrambia-Kapardis, M.en
dc.contributor.authorChristodoulou, Chris C.en
dc.contributor.authorAgathocleous, Michalisen
dc.creatorKrambia-Kapardis, M.en
dc.creatorChristodoulou, Chris C.en
dc.creatorAgathocleous, Michalisen
dc.description.abstractPurpose: The purpose of the paper is to test the use of artificial neural networks (ANNs) as a tool in fraud detection. Design/methodology/approach: Following a review of the relevant literature on fraud detection by auditors, the authors developed a questionnaire which they distributed to auditors attending a fraud detection seminar. The questionnaire was then used to develop seven ANNs to test the usage of these models in fraud detection. Findings: Utilizing exogenous and endogenous factors as input variables to ANNs and in developing seven different models, an average of 90 per cent accuracy was found in the fraud detection prediction model. It has, therefore, been demonstrated that ANNs can be used by auditors to identify fraud-prone companies. Originality/value: Whilst previous researchers have looked at empirical predictors of fraud, fraud risk assessment methods and mechanically fraud risk assessment methods, no other research has combined both exogenous and endogenous factors in developing ANNs to be used in fraud detection. Thus, auditors can use ANNs as complementary to other techniques at the planning stage of their audit to predict if a particular audit client is likely to have been victimized by a fraudster. © Emerald Group Publishing Limited.en
dc.sourceManagerial Auditing Journalen
dc.subjectFinancial reportingen
dc.subjectNeural netsen
dc.titleNeural networks: The panacea in fraud detection?en
dc.description.endingpage678 Σχολή Θετικών και Εφαρμοσμένων Επιστημών / Faculty of Pure and Applied SciencesΤμήμα Πληροφορικής / Department of Computer Science
dc.description.notes<p>Cited By :8</p>en
dc.contributor.orcidChristodoulou, Chris C. [0000-0001-9398-5256]

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