TY  - JOUR
AB  - Purpose– The purpose of this study is to examine the extent to which accountants, internal auditors, and certified fraud examiners use fraud prevention and detection methods, and their perceptions regarding the effectiveness of these methods.Design/methodology/approach– A survey was administered to 86 accountants, internal auditors and certified fraud examiners.Findings– The results indicate that firewalls, virus and password protection, and internal control review and improvement are quite commonly used to combat fraud. However, discovery sampling, data mining, forensic accountants, and digital analysis software are not often used, despite receiving high ratings of effectiveness. In particular, organizational use of forensic accountants and digital analysis were the least often used of any anti‐fraud method but had the highest mean effectiveness ratings. The lack of use of these highly effective methods may be driven by lack of firm resources.Practical implications– Organizations should consider the cost/benefit tradeoff in investing in highly effective but potentially underutilized methods to prevent or detect fraud. While the costs may seem prohibitive for small organizations, substantial cost savings from reduced fraud losses may also be significant.Originality/value– By identifying methods that work well for fraud detection and prevention, prescriptive information can be provided to accounting practitioners, internal auditors, and fraud examiners.
VL  - 21
IS  - 5
SN  - 0268-6902
DO  - 10.1108/02686900610667283
UR  - https://doi.org/10.1108/02686900610667283
AU  - Bierstaker James L.
AU  - Brody Richard G.
AU  - Pacini Carl
PY  - 2006
Y1  - 2006/01/01
TI  - Accountants' perceptions regarding fraud detection and prevention methods
T2  - Managerial Auditing Journal
PB  - Emerald Group Publishing Limited
SP  - 520
EP  - 535
Y2  - 2024/05/08
ER  -