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Determining expected behaviour of fraudsters for a continuous audit system
Published in
Volume: 24
Issue: 2
Pages: 79 - 84
This 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. © 2012 Indian Institute of Management Bangalore.
About the journal
JournalIIMB Management Review
Open AccessYes