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Determining expected behaviour of fraudsters for a continuous audit system

By Mathew A. Thomas and Rahul R. Marathe


AbstractThis research attempts to determine the behaviour of fraudsters in a continuous audit system where the fraudsters have multiple options for committing fraud. The system is modelled as a Continuous Time Markov Chain where the state changes are caused by the fraudster's actions. The model uses a dynamic game with probabilistic transitions to determine the expected behaviour of the fraudster

Publisher: Indian Institute of Management Bangalore. Production and hosting by Elsevier Ltd.
Year: 2012
DOI identifier: 10.1016/j.iimb.2012.02.002
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