Published Online:June 2026
Product Name:The IUP Journal of Financial Risk Management
Product Type:Article
Product Code:IJFRM020626
DOI:10.71329/IUPJFRM/2026.23.2.26-56
Author Name:Anumita Chaudhury and Dippi Verma
Availability:YES
Subject/Domain:Finance
Download Format:PDF
Pages:26-56
Detecting financial fraud is a vital requirement for stimulating trust, transparency and accountability in financial system, which results in the achievement of sustainable development goals of United Nations. Economic sustainability and trust in institutions erode due to financial fraud activities like final asset misappropriation, money laundering and corruption. This study is a bibliometric analysis of research on financial fraud detection from 2010 to 2025. The data was collected from the Scopus database to examine the developments and trends. This study also incorporates TCCM analysis, not done previously in this domain. VOSviewer and biblioshiny tools were used to study the co-occurrence patterns, identify key themes, and uncover data visually. This analysis sums up the research on detection of financial fraud, presenting beneficial insights for researchers and policymakers in shaping the path forward and identifying the trends in the financial fraud detection framework.
Financial fraud encompasses falsehood and deceptive practices in financial transactions for gain, which include misuse of assets, misrepresentation of financial information, fraudulent financial statements and corruption (Krambia-Kapardis, 2002). It also involves phishing, fake invoices, misuse of accounting loopholes and falsified statements committed through online banking, checks, e-commerce and credit cards (Vanini et al., 2023). Fraud methods are evolving with digital financial growth, posing a threat to institutional credibility and economic stability (Vanini et al., 2023).