2013/09/03 by H. Lookman Sithic, Sithic, H. Lookman, T. Balasubramanian +1
Business, Management and Accounting · Computer Science · #Anomaly Detection Techniques and Applications #FOS: Computer and information sciences #Financial Distress and Bankruptcy Prediction #Imbalanced Data Classification Techniques #Other Computer Science (cs.OH) #cs.OH
paper · pdf · doi:10.48550/arxiv.1309.0806
4 pages
arxiv created 2013/09/03 · openalex publication_date 2013/09/03 · arxiv updated 2013/09/05 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
With an increase in financial accounting fraud in the current economic scenario experienced, financial accounting fraud detection has become an emerging topics of great importance for academics, research and industries. Financial fraud is a deliberate act that is contrary to law, rule or policy with intent to obtain unauthorized financial benefit and intentional misstatements or omission of amounts by deceiving users of financial statements, especially investors and creditors. Data mining techniques are providing great aid in financial accounting fraud detection, since dealing with the large data volumes and complexities of financial data are big challenges for forensic accounting. Financial fraud can be classified into four: bank fraud, insurance fraud, securities and commodities fraud. Fraud is nothing but wrongful or criminal trick planned to result in financial or personal gains. This paper describes the more details on insurance sector related frauds and related solutions. In finance, insurance sector is doing important role and also it is unavoidable sector of every human being.