Detecting Embezzlement in the Context of Auditing Applications Supported by Information Technology; An Application in the Banking Sector

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Collection of deposits causes a very intense competition in the banking sector. In this competitive environment, banks are trying to stand out by offering higher rates to customers. However, the high rates offered by banks are not enough alone to choose a bank. Customers want to know that the money they invested in the bank at a high assurance with high return. Developments in information technology have increased the quality of banking services. This situation has led to the emergence some fraud methods not mentioned previously. Hence, banks have become inevitable to protect customers’ deposits with the more efficient methods by use of computing technology. This study explains how a possible embezzlement action can be brought to light through accounting transactions by using sophisticated control software ACL (Audit Command Language). First subject has been investigated theoretically. Then it was analyzed by the scenario analysis method how to determine a embezzlement cases. Investigation needs to be done for embezzlement has been explained subsequently. The majority of fraud controls in the banking sector has begun to supply a computer-assisted structure at the present time.

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Information Technologies Auditing , Centralized Auditing , Embezzlement , Fraud

Ege Academic Review (EAR)

424

Ege Academic Review (EAR)