Abstract
M.Com. (Computer Auditing)
Fraud is a major problem in South Africa and the world and organisations lose
millions each year to fraud not being detected.
Organisations can deal with the fraud that is known to them, but undetected fraud
is a problem. There is a need for management, external- and internal auditors to
detect fraud within an organisation. There is a further need for an integrated fraud
detection model to assist managers and auditors to detect fraud.
A literature study was done of authoritative textbooks and other literature on
fraud detection and data mining, including the Knowledge Discovery Process in
databases and a model was developed that will assist the manager and auditor
to detect fraud in an organisation by using a technology called data mining
which makes the process of fraud detection more efficient and effective.