AI Becomes Crucial for Detecting Financial Statement Fraud in the Digital Age - Fintech Schweiz Digital Finance News - FintechNewsCH
The proliferation of technology in modern business has created new avenues for financial statement fraud, but it has also provided sophisticated tools to detect and prevent such fraud. Artificial intelligence (AI) approaches, in particular, have the potential to be more efficient and accurate in identifying fraud, especially new schemes that traditional methods might miss, according to a recent article by Karina Kasztelnik, PhD, and Eva K. Jermakowicz, PhD, CPA, from the Tennessee State University in Nashville.