Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning
Finding misstatement accounts in financial statements, is a key problem of fraud detection. Potential applications include external audit, internal controls, investment decision and securities market regulation. However, most existing intelligent methods just detect financial statements fraud at the...
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IEEE
2025-01-01
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| Series: | IEEE Access |
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| Online Access: | https://ieeexplore.ieee.org/document/9177123/ |
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| author | Liming Chen Baoxin Xiu Zhaoyun Ding |
| author_facet | Liming Chen Baoxin Xiu Zhaoyun Ding |
| author_sort | Liming Chen |
| collection | DOAJ |
| description | Finding misstatement accounts in financial statements, is a key problem of fraud detection. Potential applications include external audit, internal controls, investment decision and securities market regulation. However, most existing intelligent methods just detect financial statements fraud at the company level, while little research can detect financial statements fraud at the account level. For this, to achieve intelligent fraud detection at the accounts level, an ontology-based fraud detection framework was proposed. To be specific, the proposed framework mainly combines the articulation between different accounts and periods, and 30 financial indicators (ratios) as the knowledge basis of ontology. Notably, with OWL (Ontology Web Language), SWRL (Semantic Web Rule Language) and Protégé ontology editor, the case study not only completed the fraud detection in a fast and timely manner, but also provided logical explanation and risk warning at the accounts level. This fully shows the great advantages and applicability of the proposed framework in the detection of misstatements accounts. Moreover, the proposed framework is of great significance for timely detection, prevention and response of financial statements fraud. More importantly, the proposed framework opens-up a new direction of using ontology reasoning techniques to find misstatement accounts in financial statements, which provides an interpretable and fine-grained way for fraud detection. |
| format | Article |
| id | doaj-art-f1d3400e988c4bdc9a938df9a5f85b3d |
| institution | Matheson Library |
| issn | 2169-3536 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj-art-f1d3400e988c4bdc9a938df9a5f85b3d2025-07-24T23:02:08ZengIEEEIEEE Access2169-35362025-01-011312444912446210.1109/ACCESS.2020.30146209177123Finding Misstatement Accounts in Financial Statements Through Ontology ReasoningLiming Chen0https://orcid.org/0000-0001-7504-5738Baoxin Xiu1https://orcid.org/0000-0001-8743-4693Zhaoyun Ding2Science and Technology on Information Systems Engineering Laboratory, National University of Defense Technology, Changsha, ChinaSchool of Systems Science and Engineering, Sun Yat-sen University, Guangzhou, ChinaScience and Technology on Information Systems Engineering Laboratory, National University of Defense Technology, Changsha, ChinaFinding misstatement accounts in financial statements, is a key problem of fraud detection. Potential applications include external audit, internal controls, investment decision and securities market regulation. However, most existing intelligent methods just detect financial statements fraud at the company level, while little research can detect financial statements fraud at the account level. For this, to achieve intelligent fraud detection at the accounts level, an ontology-based fraud detection framework was proposed. To be specific, the proposed framework mainly combines the articulation between different accounts and periods, and 30 financial indicators (ratios) as the knowledge basis of ontology. Notably, with OWL (Ontology Web Language), SWRL (Semantic Web Rule Language) and Protégé ontology editor, the case study not only completed the fraud detection in a fast and timely manner, but also provided logical explanation and risk warning at the accounts level. This fully shows the great advantages and applicability of the proposed framework in the detection of misstatements accounts. Moreover, the proposed framework is of great significance for timely detection, prevention and response of financial statements fraud. More importantly, the proposed framework opens-up a new direction of using ontology reasoning techniques to find misstatement accounts in financial statements, which provides an interpretable and fine-grained way for fraud detection.https://ieeexplore.ieee.org/document/9177123/Misstatement accountsfraud detectionfinancial indicators (ratios)ontology reasoning |
| spellingShingle | Liming Chen Baoxin Xiu Zhaoyun Ding Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning IEEE Access Misstatement accounts fraud detection financial indicators (ratios) ontology reasoning |
| title | Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning |
| title_full | Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning |
| title_fullStr | Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning |
| title_full_unstemmed | Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning |
| title_short | Finding Misstatement Accounts in Financial Statements Through Ontology Reasoning |
| title_sort | finding misstatement accounts in financial statements through ontology reasoning |
| topic | Misstatement accounts fraud detection financial indicators (ratios) ontology reasoning |
| url | https://ieeexplore.ieee.org/document/9177123/ |
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