Fraud Detection and Prevention in Accounting Emerging Technologies and Best Practices in Delhi NCR

Ishikaa Rekhi; Dr. Swaricha Johri

doi:10.36948/ijfmr.2024.v06i02.15774

Fraud Detection and Prevention in Accounting Emerging Technologies and Best Practices in Delhi NCR

Author(s)	Ishikaa Rekhi, Dr. Swaricha Johri
Country	India
Abstract	This report investigates the integration of emerging technologies and best practices to enhance fraud detection and prevention in the accounting systems of Delhi NCR, India. With accounting fraud posing significant challenges globally, effective measures are essential for mitigating financial losses and reputational damage. The study reviews existing fraud detection technologies, including data analytics, artificial intelligence, and continuous auditing, highlighting their potential to address evolving fraud schemes. Additionally, it examines robust accounting practices such as segregation of duties, internal controls, and whistleblower hotlines as fundamental to fraud prevention. Emerging trends like blockchain technology, cloud-based solutions, and behavioural analytics are also explored for their potential in bolstering fraud detection efforts. The unique context of Delhi NCR, characterized by regulatory landscape, cultural factors, and infrastructure development, is considered in tailoring fraud prevention strategies. The research employs quantitative and qualitative methods, including regression analysis, to evaluate the effectiveness of training programs and awareness campaigns on fraud prevention and assess the correlation between training frequency and fraud occurrence. Findings suggest a significant positive relationship between perceived effectiveness of fraud detection technologies and overall effectiveness of fraud prevention measures. However, limitations such as sample size constraints and reliance on self-reported data are acknowledged, highlighting the need for further research in understanding the multifaceted dynamics of fraud detection and prevention in Delhi NCR's accounting landscape.
Field	Business Administration
Published In	Volume 6, Issue 2, March-April 2024
Published On	2024-03-26
Cite This	Fraud Detection and Prevention in Accounting Emerging Technologies and Best Practices in Delhi NCR - Ishikaa Rekhi, Dr. Swaricha Johri - IJFMR Volume 6, Issue 2, March-April 2024. DOI 10.36948/ijfmr.2024.v06i02.15774
DOI	https://doi.org/10.36948/ijfmr.2024.v06i02.15774
Short DOI	https://doi.org/gtppfb

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Fraud Detection and Prevention in Accounting Emerging Technologies and Best Practices in Delhi NCR

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