Using Benfords Law To Detect Fraud

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Benford's Law

Author : Mark J. Nigrini
Publisher : John Wiley & Sons
ISBN 13 : 1118286863
Total Pages : 352 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Benford's Law by : Mark J. Nigrini

Download or read book Benford's Law written by Mark J. Nigrini and published by John Wiley & Sons. This book was released on 2012-03-09 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: A powerful new tool for all forensic accountants, or anyone whoanalyzes data that may have been altered Benford's Law gives the expected patterns of the digits in thenumbers in tabulated data such as town and city populations orMadoff's fictitious portfolio returns. Those digits, in unaltereddata, will not occur in equal proportions; there is a large biastowards the lower digits, so much so that nearly one-half of allnumbers are expected to start with the digits 1 or 2. Thesepatterns were originally discovered by physicist Frank Benford inthe early 1930s, and have since been found to apply to alltabulated data. Mark J. Nigrini has been a pioneer in applyingBenford's Law to auditing and forensic accounting, even before hisgroundbreaking 1999 Journal of Accountancy article introducing thisuseful tool to the accounting world. In Benford's Law, Nigrinishows the widespread applicability of Benford's Law and itspractical uses to detect fraud, errors, and other anomalies. Explores primary, associated, and advanced tests, all describedwith data sets that include corporate payments data and electiondata Includes ten fraud detection studies, including vendor fraud,payroll fraud, due diligence when purchasing a business, and taxevasion Covers financial statement fraud, with data from Enron, AIG,and companies that were the target of hedge fund short sales Looks at how to detect Ponzi schemes, including data on Madoff,Waxenberg, and more Examines many other applications, from the Clinton tax returnsand the charitable gifts of Lehman Brothers to tax evasion andnumber invention Benford's Law has 250 figures and uses 50 interestingauthentic and fraudulent real-world data sets to explain boththeory and practice, and concludes with an agenda and directionsfor future research. The companion website adds additionalinformation and resources.

Benford's Law

Author : Steven J. Miller
Publisher : Princeton University Press
ISBN 13 : 1400866596
Total Pages : 465 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Benford's Law by : Steven J. Miller

Download or read book Benford's Law written by Steven J. Miller and published by Princeton University Press. This book was released on 2015-06-09 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Benford's law states that the leading digits of many data sets are not uniformly distributed from one through nine, but rather exhibit a profound bias. This bias is evident in everything from electricity bills and street addresses to stock prices, population numbers, mortality rates, and the lengths of rivers. Here, Steven Miller brings together many of the world’s leading experts on Benford’s law to demonstrate the many useful techniques that arise from the law, show how truly multidisciplinary it is, and encourage collaboration. Beginning with the general theory, the contributors explain the prevalence of the bias, highlighting explanations for when systems should and should not follow Benford’s law and how quickly such behavior sets in. They go on to discuss important applications in disciplines ranging from accounting and economics to psychology and the natural sciences. The contributors describe how Benford’s law has been successfully used to expose fraud in elections, medical tests, tax filings, and financial reports. Additionally, numerous problems, background materials, and technical details are available online to help instructors create courses around the book. Emphasizing common challenges and techniques across the disciplines, this accessible book shows how Benford’s law can serve as a productive meeting ground for researchers and practitioners in diverse fields.

Using Benford's Law to Detect Fraud

Author : Association of Certified Fraud Examiners
Publisher :
ISBN 13 : 9781889277349
Total Pages : 132 pages
Book Rating : 4.2/5 (773 download)

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Book Synopsis Using Benford's Law to Detect Fraud by : Association of Certified Fraud Examiners

Download or read book Using Benford's Law to Detect Fraud written by Association of Certified Fraud Examiners and published by . This book was released on 2002-01 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can a mathematical theory first conceived by Dr. Frank Benford over sixty years ago really help you detect fraud? Amazingly, the answer is yes! This workbook will provide you with an understanding of the history behind Benford's Law and give you the tools needed to apply Benford's Law while undertaking a fraud audit or fraud examination.

The Perfect Bet

Author : Adam Kucharski
Publisher : Basic Books
ISBN 13 : 0465098592
Total Pages : 194 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis The Perfect Bet by : Adam Kucharski

Download or read book The Perfect Bet written by Adam Kucharski and published by Basic Books. This book was released on 2016-02-23 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: "An elegant and amusing account" of how gambling has been reshaped by the application of science and revealed the truth behind a lucky bet (Wall Street Journal). For the past 500 years, gamblers-led by mathematicians and scientists-have been trying to figure out how to pull the rug out from under Lady Luck. In The Perfect Bet, mathematician and award-winning writer Adam Kucharski tells the astonishing story of how the experts have succeeded, revolutionizing mathematics and science in the process. The house can seem unbeatable. Kucharski shows us just why it isn't. Even better, he demonstrates how the search for the perfect bet has been crucial for the scientific pursuit of a better world.

Forensic Analytics

Author : Mark J. Nigrini
Publisher : John Wiley & Sons
ISBN 13 : 1119585902
Total Pages : 549 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Forensic Analytics by : Mark J. Nigrini

Download or read book Forensic Analytics written by Mark J. Nigrini and published by John Wiley & Sons. This book was released on 2020-04-20 with total page 549 pages. Available in PDF, EPUB and Kindle. Book excerpt: Become the forensic analytics expert in your organization using effective and efficient data analysis tests to find anomalies, biases, and potential fraud—the updated new edition Forensic Analytics reviews the methods and techniques that forensic accountants can use to detect intentional and unintentional errors, fraud, and biases. This updated second edition shows accountants and auditors how analyzing their corporate or public sector data can highlight transactions, balances, or subsets of transactions or balances in need of attention. These tests are made up of a set of initial high-level overview tests followed by a series of more focused tests. These focused tests use a variety of quantitative methods including Benford’s Law, outlier detection, the detection of duplicates, a comparison to benchmarks, time-series methods, risk-scoring, and sometimes simply statistical logic. The tests in the new edition include the newly developed vector variation score that quantifies the change in an array of data from one period to the next. The goals of the tests are to either produce a small sample of suspicious transactions, a small set of transaction groups, or a risk score related to individual transactions or a group of items. The new edition includes over two hundred figures. Each chapter, where applicable, includes one or more cases showing how the tests under discussion could have detected the fraud or anomalies. The new edition also includes two chapters each describing multi-million-dollar fraud schemes and the insights that can be learned from those examples. These interesting real-world examples help to make the text accessible and understandable for accounting professionals and accounting students without rigorous backgrounds in mathematics and statistics. Emphasizing practical applications, the new edition shows how to use either Excel or Access to run these analytics tests. The book also has some coverage on using Minitab, IDEA, R, and Tableau to run forensic-focused tests. The use of SAS and Power BI rounds out the software coverage. The software screenshots use the latest versions of the software available at the time of writing. This authoritative book: Describes the use of statistically-based techniques including Benford’s Law, descriptive statistics, and the vector variation score to detect errors and anomalies Shows how to run most of the tests in Access and Excel, and other data analysis software packages for a small sample of the tests Applies the tests under review in each chapter to the same purchasing card data from a government entity Includes interesting cases studies throughout that are linked to the tests being reviewed. Includes two comprehensive case studies where data analytics could have detected the frauds before they reached multi-million-dollar levels Includes a continually-updated companion website with the data sets used in the chapters, the queries used in the chapters, extra coverage of some topics or cases, end of chapter questions, and end of chapter cases. Written by a prominent educator and researcher in forensic accounting and auditing, the new edition of Forensic Analytics: Methods and Techniques for Forensic Accounting Investigations is an essential resource for forensic accountants, auditors, comptrollers, fraud investigators, and graduate students.

Benford's Law

Author : Alex Ely Kossovsky
Publisher : World Scientific Publishing Company
ISBN 13 : 9789814651202
Total Pages : 0 pages
Book Rating : 4.6/5 (512 download)

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Book Synopsis Benford's Law by : Alex Ely Kossovsky

Download or read book Benford's Law written by Alex Ely Kossovsky and published by World Scientific Publishing Company. This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This leads to the key finding that the phenomenon is actually quantitative in nature. Why? The author illustrates that in extreme generality, nature creates many small quantities but very few big quantities, corroborating the motto "small is beautiful", and that therefore all this is applicable just as well to data written in the ancient Roman, Mayan, Egyptian, and other digit-less civilizations. Fraudsters are typically not aware of this digital pattern and tend to invent numbers with approximately equal digital frequencies. The digital analyst can easily check reported data for compliance with this digital law, enabling the detection of tax evasion, Ponzi schemes, and other financial scams.

Challenges and Opportunities of Corporate Governance Transformation in the Digital Era

Author : Kuznetsov, Mikhail Yevgenievich
Publisher : IGI Global
ISBN 13 : 1799820130
Total Pages : 230 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Challenges and Opportunities of Corporate Governance Transformation in the Digital Era by : Kuznetsov, Mikhail Yevgenievich

Download or read book Challenges and Opportunities of Corporate Governance Transformation in the Digital Era written by Kuznetsov, Mikhail Yevgenievich and published by IGI Global. This book was released on 2019-12-27 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: While corporate governance has been a successful concept throughout the centuries, it is in question whether this concept can remain sustainable in the digital era and during a time of technological and managerial disruption. Under the pressure of new economic, social, and ecologic challenges, it is vital to understand how this concept needs to transform. Challenges and Opportunities of Corporate Governance Transformation in the Digital Era is an essential reference source that discusses concepts, trends, and forecasts of corporate governance and examines its transformation under the pressure of new technologies and economic changes. Featuring research on topics such as corporate identity, e-commerce, and cost management, this book is ideally designed for corporate leaders, managers, executives, business professionals, consultants, professors, researchers, and students.

An Introduction to Benford's Law

Author : Arno Berger
Publisher : Princeton University Press
ISBN 13 : 0691163065
Total Pages : 256 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis An Introduction to Benford's Law by : Arno Berger

Download or read book An Introduction to Benford's Law written by Arno Berger and published by Princeton University Press. This book was released on 2015-05-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides the first comprehensive treatment of Benford's law, the surprising logarithmic distribution of significant digits discovered in the late nineteenth century. Establishing the mathematical and statistical principles that underpin this intriguing phenomenon, the text combines up-to-date theoretical results with overviews of the law’s colorful history, rapidly growing body of empirical evidence, and wide range of applications. An Introduction to Benford’s Law begins with basic facts about significant digits, Benford functions, sequences, and random variables, including tools from the theory of uniform distribution. After introducing the scale-, base-, and sum-invariance characterizations of the law, the book develops the significant-digit properties of both deterministic and stochastic processes, such as iterations of functions, powers of matrices, differential equations, and products, powers, and mixtures of random variables. Two concluding chapters survey the finitely additive theory and the flourishing applications of Benford’s law. Carefully selected diagrams, tables, and close to 150 examples illuminate the main concepts throughout. The text includes many open problems, in addition to dozens of new basic theorems and all the main references. A distinguishing feature is the emphasis on the surprising ubiquity and robustness of the significant-digit law. This text can serve as both a primary reference and a basis for seminars and courses.

Forensic Analytics

Author : Mark J. Nigrini
Publisher : John Wiley & Sons
ISBN 13 : 1118087631
Total Pages : 480 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Forensic Analytics by : Mark J. Nigrini

Download or read book Forensic Analytics written by Mark J. Nigrini and published by John Wiley & Sons. This book was released on 2011-05-12 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover how to detect fraud, biases, or errors in your data using Access or Excel With over 300 images, Forensic Analytics reviews and shows how twenty substantive and rigorous tests can be used to detect fraud, errors, estimates, or biases in your data. For each test, the original data is shown with the steps needed to get to the final result. The tests range from high-level data overviews to assess the reasonableness of data, to highly focused tests that give small samples of highly suspicious transactions. These tests are relevant to your organization, whether small or large, for profit, nonprofit, or government-related. Demonstrates how to use Access, Excel, and PowerPoint in a forensic setting Explores use of statistical techniques such as Benford's Law, descriptive statistics, correlation, and time-series analysis to detect fraud and errors Discusses the detection of financial statement fraud using various statistical approaches Explains how to score locations, agents, customers, or employees for fraud risk Shows you how to become the data analytics expert in your organization Forensic Analytics shows how you can use Microsoft Access and Excel as your primary data interrogation tools to find exceptional, irregular, and anomalous records.

Digital Image Forensics

Author : Husrev Taha Sencar
Publisher : Springer Science & Business Media
ISBN 13 : 1461407575
Total Pages : 369 pages
Book Rating : 4.4/5 (614 download)

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Book Synopsis Digital Image Forensics by : Husrev Taha Sencar

Download or read book Digital Image Forensics written by Husrev Taha Sencar and published by Springer Science & Business Media. This book was released on 2012-08-01 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Photographic imagery has come a long way from the pinhole cameras of the nineteenth century. Digital imagery, and its applications, develops in tandem with contemporary society’s sophisticated literacy of this subtle medium. This book examines the ways in which digital images have become ever more ubiquitous as legal and medical evidence, just as they have become our primary source of news and have replaced paper-based financial documentation. Crucially, the contributions also analyze the very profound problems which have arisen alongside the digital image, issues of veracity and progeny that demand systematic and detailed response: It looks real, but is it? What camera captured it? Has it been doctored or subtly altered? Attempting to provide answers to these slippery issues, the book covers how digital images are created, processed and stored before moving on to set out the latest techniques for forensically examining images, and finally addressing practical issues such as courtroom admissibility. In an environment where even novice users can alter digital media, this authoritative publication will do much so stabilize public trust in these real, yet vastly flexible, images of the world around us.

Operational Risk with Excel and VBA

Author : Nigel Da Costa Lewis
Publisher : John Wiley & Sons
ISBN 13 : 9780471478874
Total Pages : 296 pages
Book Rating : 4.4/5 (788 download)

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Book Synopsis Operational Risk with Excel and VBA by : Nigel Da Costa Lewis

Download or read book Operational Risk with Excel and VBA written by Nigel Da Costa Lewis and published by John Wiley & Sons. This book was released on 2004-04-09 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: A valuable reference for understanding operational risk Operational Risk with Excel and VBA is a practical guide that only discusses statistical methods that have been shown to work in an operational risk management context. It brings together a wide variety of statistical methods and models that have proven their worth, and contains a concise treatment of the topic. This book provides readers with clear explanations, relevant information, and comprehensive examples of statistical methods for operational risk management in the real world. Nigel Da Costa Lewis (Stamford, CT) is president and CEO of StatMetrics, a quantitative research boutique. He received his PhD from Cambridge University.

Cybersecurity in Nigeria

Author : Aamo Iorliam
Publisher : Springer
ISBN 13 : 3030152103
Total Pages : 68 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Cybersecurity in Nigeria by : Aamo Iorliam

Download or read book Cybersecurity in Nigeria written by Aamo Iorliam and published by Springer. This book was released on 2019-03-15 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the use of digital surveillance for detecting, investigating and interpreting fraud associated with critical cyberinfrastructures in Nigeria, as it is well known that the country’s cyberspace and cyberinfrastructures are very porous, leaving too much room for cyber-attackers to freely operate. In 2017, there were 3,500 successful cyber-attacks on Nigerian cyberspace, which led to the country losing an estimated 450 million dollars. These cybercrimes are hampering Nigeria’s digital economy, and also help to explain why many Nigerians remain skeptical about Internet marketing and online transactions. If sensitive conversations using digital devices are not well monitored, Nigeria will be vulnerable to cyber-warfare, and its digital economy, military intelligence, and related sensitive industries will also suffer. The Nigerian Army Cyber Warfare Command was established in 2018 in order to combat terrorism, banditry, and other attacks by criminal groups in Nigeria. However, there remains an urgent need to produce digital surveillance software to help law enforcement agencies in Nigeria to detect and prevent these digitally facilitated crimes. The monitoring of Nigeria’s cyberspace and cyberinfrastructure has become imperative, given that the rate of criminal activities using technology has increased tremendously. In this regard, digital surveillance includes both passive forensic investigations (where an attack has already occurred) and active forensic investigations (real-time investigations that track attackers). In addition to reviewing the latest mobile device forensics, this book covers natural laws (Benford’s Law and Zipf’s Law) for network traffic analysis, mobile forensic tools, and digital surveillance software (e.g., A-BOT). It offers valuable insights into how digital surveillance software can be used to detect and prevent digitally facilitated crimes in Nigeria, and highlights the benefits of adopting digital surveillance software in Nigeria and other countries facing the same issues.

Fraud Analysis Techniques Using ACL

Author : David Coderre
Publisher : John Wiley & Sons
ISBN 13 : 0470508485
Total Pages : 308 pages
Book Rating : 4.4/5 (75 download)

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Book Synopsis Fraud Analysis Techniques Using ACL by : David Coderre

Download or read book Fraud Analysis Techniques Using ACL written by David Coderre and published by John Wiley & Sons. This book was released on 2009-07-23 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: "When people ask me what they can do to better utilize ACL, I tell them, 'Take an instructor lead course, participate in the ACL Forum, and study (not read, study) David Coderre's Fraud Analysis Techniques Using ACL.' I studied this book, and would not be where I am today without it. Even without the anti-fraud material, the book is worth the investment as a tool to learning ACL!" —Porter Broyles, President and founder of the Texas ACL User Group, Keynote Speaker at ACL's 2009 San Francisco Conference, Official ACL Super User "For individuals interested in learning about fraud analysis techniques or the art of ACL scripting, this book is a must-read. For those individuals interested in learning both, this book is a treasure." —Jim Hess, Principal, Hess Group, LLC Your very own ACL Fraud Toolkit—at your fingertips Fraud Analysis Techniques Using ACL offers auditors and investigators: Authoritative guidance from David Coderre, renowned expert on the use of computer-assisted audit tools and techniques in fraud detection A website containing an educational version of ACL from the world leader in fraud detection software An accompanying website containing a thorough Fraud Toolkit with two sets of customizable scripts to serve your specific audit needs Case studies and sample data files that you can use to try out the tests Step-by-step instructions on how to run the tests A self-study course on ACL script development with exercises, data files, and suggested answers The toolkit also contains 12 'utility scripts' and a self-study course on ACL scripting which includes exercises, data files, and proposed answers. Filled with screen shots, flow charts, example data files, and descriptive commentary highlighting and explaining each step, as well as case studies offering real-world examples of how the scripts can be used to search for fraud, Fraud Analysis Techniques Using ACL is the only toolkit you will need to harness the power of ACL to spot fraud.

New Trends in Computational Vision and Bio-inspired Computing

Author : S. Smys
Publisher : Springer Nature
ISBN 13 : 3030418626
Total Pages : 1664 pages
Book Rating : 4.0/5 (34 download)

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Book Synopsis New Trends in Computational Vision and Bio-inspired Computing by : S. Smys

Download or read book New Trends in Computational Vision and Bio-inspired Computing written by S. Smys and published by Springer Nature. This book was released on 2020-09-27 with total page 1664 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume gathers selected, peer-reviewed original contributions presented at the International Conference on Computational Vision and Bio-inspired Computing (ICCVBIC) conference which was held in Coimbatore, India, on November 29-30, 2018. The works included here offer a rich and diverse sampling of recent developments in the fields of Computational Vision, Fuzzy, Image Processing and Bio-inspired Computing. The topics covered include computer vision; cryptography and digital privacy; machine learning and artificial neural networks; genetic algorithms and computational intelligence; the Internet of Things; and biometric systems, to name but a few. The applications discussed range from security, healthcare and epidemic control to urban computing, agriculture and robotics. In this book, researchers, graduate students and professionals will find innovative solutions to real-world problems in industry and society as a whole, together with inspirations for further research.

Humble Pi

Author : Matt Parker
Publisher : Penguin
ISBN 13 : 0593084691
Total Pages : 337 pages
Book Rating : 4.5/5 (93 download)

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Book Synopsis Humble Pi by : Matt Parker

Download or read book Humble Pi written by Matt Parker and published by Penguin. This book was released on 2021-01-19 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 INTERNATIONAL BESTSELLER AN ADAM SAVAGE BOOK CLUB PICK The book-length answer to anyone who ever put their hand up in math class and asked, “When am I ever going to use this in the real world?” “Fun, informative, and relentlessly entertaining, Humble Pi is a charming and very readable guide to some of humanity's all-time greatest miscalculations—that also gives you permission to feel a little better about some of your own mistakes.” —Ryan North, author of How to Invent Everything Our whole world is built on math, from the code running a website to the equations enabling the design of skyscrapers and bridges. Most of the time this math works quietly behind the scenes . . . until it doesn’t. All sorts of seemingly innocuous mathematical mistakes can have significant consequences. Math is easy to ignore until a misplaced decimal point upends the stock market, a unit conversion error causes a plane to crash, or someone divides by zero and stalls a battleship in the middle of the ocean. Exploring and explaining a litany of glitches, near misses, and mathematical mishaps involving the internet, big data, elections, street signs, lotteries, the Roman Empire, and an Olympic team, Matt Parker uncovers the bizarre ways math trips us up, and what this reveals about its essential place in our world. Getting it wrong has never been more fun.

Artificial Intelligence in Finance

Author : Yves Hilpisch
Publisher : "O'Reilly Media, Inc."
ISBN 13 : 1492055387
Total Pages : 478 pages
Book Rating : 4.4/5 (92 download)

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Book Synopsis Artificial Intelligence in Finance by : Yves Hilpisch

Download or read book Artificial Intelligence in Finance written by Yves Hilpisch and published by "O'Reilly Media, Inc.". This book was released on 2020-10-14 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: The widespread adoption of AI and machine learning is revolutionizing many industries today. Once these technologies are combined with the programmatic availability of historical and real-time financial data, the financial industry will also change fundamentally. With this practical book, you'll learn how to use AI and machine learning to discover statistical inefficiencies in financial markets and exploit them through algorithmic trading. Author Yves Hilpisch shows practitioners, students, and academics in both finance and data science practical ways to apply machine learning and deep learning algorithms to finance. Thanks to lots of self-contained Python examples, you'll be able to replicate all results and figures presented in the book. In five parts, this guide helps you: Learn central notions and algorithms from AI, including recent breakthroughs on the way to artificial general intelligence (AGI) and superintelligence (SI) Understand why data-driven finance, AI, and machine learning will have a lasting impact on financial theory and practice Apply neural networks and reinforcement learning to discover statistical inefficiencies in financial markets Identify and exploit economic inefficiencies through backtesting and algorithmic trading--the automated execution of trading strategies Understand how AI will influence the competitive dynamics in the financial industry and what the potential emergence of a financial singularity might bring about

Fraud and Fraud Detection, + Website

Author : Sunder Gee
Publisher : John Wiley & Sons
ISBN 13 : 1118779657
Total Pages : 358 pages
Book Rating : 4.1/5 (187 download)

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Book Synopsis Fraud and Fraud Detection, + Website by : Sunder Gee

Download or read book Fraud and Fraud Detection, + Website written by Sunder Gee and published by John Wiley & Sons. This book was released on 2014-12-03 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: Detect fraud faster—no matter how well hidden—with IDEA automation Fraud and Fraud Detection takes an advanced approach to fraud management, providing step-by-step guidance on automating detection and forensics using CaseWare's IDEA software. The book begins by reviewing the major types of fraud, then details the specific computerized tests that can detect them. Readers will learn to use complex data analysis techniques, including automation scripts, allowing easier and more sensitive detection of anomalies that require further review. The companion website provides access to a demo version of IDEA, along with sample scripts that allow readers to immediately test the procedures from the book. Business systems' electronic databases have grown tremendously with the rise of big data, and will continue to increase at significant rates. Fraudulent transactions are easily hidden in these enormous datasets, but Fraud and Fraud Detection helps readers gain the data analytics skills that can bring these anomalies to light. Step-by-step instruction and practical advice provide the specific abilities that will enhance the audit and investigation process. Readers will learn to: Understand the different areas of fraud and their specific detection methods Identify anomalies and risk areas using computerized techniques Develop a step-by-step plan for detecting fraud through data analytics Utilize IDEA software to automate detection and identification procedures The delineation of detection techniques for each type of fraud makes this book a must-have for students and new fraud prevention professionals, and the step-by-step guidance to automation and complex analytics will prove useful for even experienced examiners. With datasets growing exponentially, increasing both the speed and sensitivity of detection helps fraud professionals stay ahead of the game. Fraud and Fraud Detection is a guide to more efficient, more effective fraud identification.