Beta
334141

The Impact of Using Business Intelligence on Potential Fraud Detection: An Experimental Study

Article

Last updated: 25 Dec 2024

Subjects

-

Tags

-

Abstract

Fraud has become more common over the last few decades, as major corporations like WorldCom, Enron, and Satyam have gained notoriety for their dishonest financial reporting techniques. Internal and external auditors identify only a small portion of fraud incidents as such, there is a growing emphasis on automated techniques for identifying fraudulent financial statements. Accordingly, the main objective of this research is to investigate the impact of data analytics tools viz data visualization using Microsoft Power BI by auditors in fraud detection. An experiment of 49 participants was conducted to examine the research hypotheses and fulfill the research objective. The experiment results revealed that data visualization led to a timely fraud detection than traditional methods. Also, the use of data visualization led to more accurate fraud detection with regards to locating the potential fraud and the magnitude of the potential fraud as well. Hence, his research leads to practical follow-up steps that would serve as a guideline for forensic accounting auditors and to focus on areas of potential fraud. In order to develop a better fraud detection visualization tool, future researchers, auditors, law enforcement organizations, and regulators can benefit greatly from the knowledge this research provides. Also, auditing professionals that embrace big data, data analytics, and artificial intelligence (AI) to stay ahead of the competition can take advantage of many opportunities in this quickly changing, disruptive, but ultimately beneficial environment

DOI

10.21608/abj.2023.334141

Keywords

Data Visualization, Audit, Fraud detection, and business intelligence

Authors

First Name

sara Hussein Abdelfattah

Last Name

Sabry

MiddleName

-

Affiliation

Egypt Japan University of Science and Technology

Email

sara.hussein@ejust.edu.eg

City

-

Orcid

000-0001-6933-9465

Volume

10

Article Issue

4

Related Issue

45236

Issue Date

2023-12-01

Receive Date

2023-09-03

Publish Date

2023-12-01

Page Start

196

Page End

233

Print ISSN

2682-3446

Online ISSN

2682-4817

Link

https://abj.journals.ekb.eg/article_334141.html

Detail API

https://abj.journals.ekb.eg/service?article_code=334141

Order

13

Publication Type

Journal

Publication Title

مجلة البحوث المحاسبية

Publication Link

https://abj.journals.ekb.eg/

MainTitle

The Impact of Using Business Intelligence on Potential Fraud Detection: An Experimental Study

Details

Type

Article

Created At

25 Dec 2024