Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281876 
Year of Publication: 
2020
Citation: 
[Journal:] UTMS Journal of Economics [ISSN:] 1857-6982 [Volume:] 11 [Issue:] 2 [Year:] 2020 [Pages:] 108-120
Publisher: 
University of Tourism and Management, Skopje
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.
Subjects: 
Internal audit
banking fraud
benford law
Algerian bank
JEL: 
M42
M49
Document Type: 
Article

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