We test the predictability of investment fraud using a panel of mandatory disclosures filed with the SEC. We find that … predict fraud. Avoiding the 5% of firms with the highest ex ante predicted fraud risk would allow an investor to avoid 29% of … fraud cases and over 40% of the total dollar losses from fraud. We find no evidence that investors receive compensation for …

investors to implement fraud prediction models based on the disclosure filings, and suggest changes in SEC data access policies …We test the predictability of investment fraud using a panel of mandatory disclosures filed with the U.S. Securities … and Exchange Commission (SEC). We show that past regulatory and legal violations, conflicts of interest, and monitoring …

’s responsibility, training and fraud detection. During the last decade internal auditing has become an integral part of modern … businesses since it is capable of detecting errors or offences which lead to fraud. In order to investigate the above … survey instrument and to construct our variables measuring fraud detection, internal audit effectiveness, auditor …