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Gorenc, M (2024)

Artificial Intelligence and Benford Law as Useful Tools for Detecting Accounting Fraud

Proceedings of Artificial Intelligence for Human-Technologies- Economy Sustainable Development, 23-25 May 2024, Lublin, Poland; pp. 451-460.

ISSN/ISBN: Not available at this time. DOI: Not available at this time.



Abstract: The article discusses the importance of using artificial intelligence (AI) to detect accounting fraud. It shows how AI can automate the analysis of financial data, identify irregular patterns and act quickly on potential fraud. Various methods, such as Benford's Law analysis, machine learning, and transactional sample analysis, are presented in detail. The ability of AI to continuously learn and adapt to new deceptive tactics is also emphasized. With a comprehensive approach that includes process automation and multi-source data analysis, AI helps to protect better organizations against financial losses and the negative consequences of accounting fraud.


Bibtex:
@inproceedings{, AUTHOR={Mateja Gorenc}, TITLE={Artificial Intelligence and Benford Law as Useful Tools for Detecting Accounting Fraud}, BOOKTITLE={Proceedings of Artificial Intelligence for Human-Technologies - Economy Sustainable Development}, ADDRESS={Lublin, Poland}, MONTH={May}, YEAR={2024}, PAGES = {451--460}, URL={https://toknowpress.net/ISBN/978-961-6914-31-4/81.pdf}, }


Reference Type: Conference Paper

Subject Area(s): Accounting