Definition
Fraud Detection Methods are systematic approaches used to identify fraudulent activities based on data analysis, controls, reporting mechanisms, and audit procedures.
Context
Fraud detection methods include approaches such as tips and whistleblower reports, data analytics detection, internal controls, and audit activities. These methods are often combined to address different fraud risks and scenarios.
Meaning
Combining multiple detection methods significantly increases the likelihood of identifying fraud and supports earlier detection.
Example
Use of whistleblower reports, data analytics, and internal audits to detect fraud.
Sources
Suggested citation
wirtschaftsforensik.ch Editorial Team: "Fraud Detection Methods", in: Glossary, wirtschaftsforensik.ch, https://wirtschaftsforensik.ch/glossar/fraud-detection-methods/, accessed April 18, 2026.