INTERNAL AUDITING IN THE FACE OF BANKING FRAUD, APPLICATION OF THE BENFORD LAW ON ALGERIAN PRIVATE BANK

Mehdi Bouchetara and Abdelkader Nassour
Additional contact information
Mehdi Bouchetara: Higher National School of Management ENSM, Algeria
Abdelkader Nassour: University of SidiBelabes, Faculty of Economy, Algeria.

UTMS Journal of Economics, 2020, vol. 11, issue 2, 108-120

Abstract: In this paper, we analyze the importance of internal audit against banking fraud in order to ensure banking stability, using mathematic approach. We explain the steps involved in setting up an anti-fraud plan. Then, we implement two phases of this plan, namely the evaluation of the degree of exposure to the risk of fraud in a large private bank in Algeria, and then we propose a tool for detecting fraudulent acts, the Benford law. The result confirms that internal audit is an indispensable function. It enables the bank to have a solid assurance that the risks, to which it is exposed, including the risk of fraud, are under control

Keywords: Internal audit; banking fraud; benfrod law; Algerian bank (search for similar items in EconPapers)
JEL-codes: M42 M49 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://utmsjoe.mk/files/Vol.11.No.2/INTERNAL_AUDIT ... IAN_PRIVATE_BANK.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:utmsje:0290

Access Statistics for this article

UTMS Journal of Economics is currently edited by Prof. Ace Milenkovski, PhD

More articles in UTMS Journal of Economics from University of Tourism and Management, Skopje, Macedonia Contact information at EDIRC.
Bibliographic data for series maintained by Assistant Professor. Dejan Nakovski, PhD ().