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Accounting fraud: making it less likely by raising the chances of detection

Ensemble learning model promises 10-fold improvement in predicting potential cases.

Fraud detection research to date typically uses financial ratios developed by accounting experts and in some cases, augmented with simple statistical approaches.

ACCOUNTING fraud is a worldwide problem. It can occur in many forms, including misrepresenting the true financial condition of the company such as overstating profits, understating liabilities, siphoning money through unapproved loans and fraudulent stock, or establishing complex accounting...

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