focuses on one application of MALCOM: detecting fraud in medical insurance claims. Given a training data set composed of … on a patient. Physicians whose patients had anomalous medical histories (according to MALCOM) were evaluated for fraud by …

The Phar Mor case involved a massive collusive fraud by management. Although there were no claims the auditors … participated in the fraud, plaintiffs' attorneys were able to convince the jury that the firm was liable for fraud on the grounds …Finding Auditors Liable for Fraud: What the Jury Heard in the Phar Mor CaseBy David M. Cottrell and Steven M. GloverIn …

We examine internal auditors' fraud risk decisions in response to variations in audit committee quality and management … fraud risk assessments and altered their audit plans accordingly. With respect to audit committee quality, internal auditors … were in a due diligence or self-assessment role. With respect to the former, they linked the variation in quality to fraud …

This paper provides insight into financial statement fraud instances investigated during the late 1980s through the … governance differences between fraud companies and no-fraud benchmarks on an industry-by-industry basis. The fraud techniques … misappropriations most common in financial-services firms. For each of these three industries, the sample fraud companies have very weak …

market penalties upon revelation of accounting fraud? Are all executivedirectors treated by markets as a homogenous group? Or …?Design/methodology/approach – Board membership of incumbent directors in US firms accused ofaccounting fraud are tracked for three years after the … thelikelihood that incumbent directors leave the accused firm’s board upon accounting fraud revelation.The likelihood of losing at …