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ADOPTION OF ARTIFICIAL INTELLIGENCE IN CURBING FRAUD IN PUBLIC ORGANISATION: ASSESSING FRAUD DETECTION AND CONTROL
This study examined the adoption of artificial
intelligence in curbing fraud in public organisations, assessing fraud
detection and control. Several essential concepts were reviewed in the course
of this study, which included artificial intelligence, fraud, fraud detection,
fraud control, and types of fraud in public organisations, among others. The study
highlighted that the integration of artificial intelligence (AI) in fraud
detection and control represents a significant advancement in the fight against
financial malfeasance within public organizations. The study mentioned that AI
fraud detection operates by implementing machine learning algorithms that are
designed to analyse behaviours and detect anomalies indicative of fraud, and
that AI has transformed fraud detection and control, helping public
organisations combat fraudulent activities by offering sophisticated methods to
detect, prevent, and mitigate risks. Furthermore, the study outlined the
effects of artificial intelligence on fraud detection and control, which
include improved detection accuracy, real-time monitoring, reduced false
positives, and adaptive security measures. The study concluded that the
integration of artificial intelligence (AI) in fraud detection and control is a
significant advancement in combating financial malfeasance in public
organizations. One of the recommendations of the study was that public
organisations should allocate resources to acquire and maintain cutting-edge AI
technologies and infrastructure.
Keywords:
Artificial Intelligence, Fraud, Public Organization, Detection and Control
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