Open Science Research Excellence
@article{(International Science Index):http://waset.org/publications/7180,
  title    = {Forecasting Fraudulent Financial Statements using Data Mining},
  author    = {S. Kotsiantis and  E. Koumanakos and  D. Tzelepis and  V. Tampakas},
  country   = {},
  institution={},
  abstract  = {This paper explores the effectiveness of machine
learning techniques in detecting firms that issue fraudulent financial
statements (FFS) and deals with the identification of factors
associated to FFS. To this end, a number of experiments have been
conducted using representative learning algorithms, which were
trained using a data set of 164 fraud and non-fraud Greek firms in the
recent period 2001-2002. The decision of which particular method to
choose is a complicated problem. A good alternative to choosing
only one method is to create a hybrid forecasting system
incorporating a number of possible solution methods as components
(an ensemble of classifiers). For this purpose, we have implemented
a hybrid decision support system that combines the representative
algorithms using a stacking variant methodology and achieves better
performance than any examined simple and ensemble method. To
sum up, this study indicates that the investigation of financial
information can be used in the identification of FFS and underline the
importance of financial ratios.},
    journal   = {International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering},  volume    = {1},
  number    = {12},
  year      = {2007},
  pages     = {844 - 849},
  ee        = {http://waset.org/publications/7180},
  url       = {http://waset.org/Publications?p=12},
  bibsource = {http://waset.org/Publications},
  issn      = {eISSN:1307-6892},
  publisher = {World Academy of Science, Engineering and Technology},
  index     = {International Science Index 12, 2007},
}