Have Accounting Information Systems Significantly Helped in Detecting Fraudulent Activities in Accounting?

Abstract

Fraudulent activity corrupted public companies in several ways for years. Accounting information systems have been recently implemented in public companies to help with fraud in financial statements. Accounting information systems have been reported to detect fraud, but the question is whether the systems can prevent fraud. Relevant literature is researched concerning this topic. Comparison and implementation of the software systems were the basis for this research. Public companies, shareholders, and auditors are all at the benefit of this research as money, time, and uncertainness can all be saved. It was concluded that information systems implemented in accounting detect fraudulent activity.