Money laundering and income tax evasion: the determination of optimal audits and inspections to detect abnormal prices in international trade

Maria E. de Boyrie, Simon Joong-woong Pak, John S. Zdanowicz

Research output: Contribution to journalReview article

9 Citations (Scopus)

Abstract

Presents a statistical auditing system which gives a methodology for statistical analysis of international trade prices. Discusses how this can help governments and international lending agencies, or internationally trading firms, determine the optimal level of audits and physical inspections of cargoes in order to detect abnormally priced imports and exports, using a cost ‐ benefit approach. Applies a computer program to analyse transactions in any commodity between the USA and any other country, and describes the data set and methodology for determining upper and lower bound prices, using the interquartile range as the benchmark for determining abnormality. Presents results from earlier studies and gives an example of how the proposed statistical auditing system can be used.

Original languageEnglish (US)
Pages (from-to)123-130
Number of pages8
JournalJournal of Financial Crime
Volume12
Issue number2
DOIs
StatePublished - Apr 1 2005

Fingerprint

tax evasion
money laundering
income tax
auditing
audit
world trade
methodology
data processing program
lending
statistical analysis
transaction
import
commodity
firm
costs
Audit
International trade
Income tax
Auditing
Methodology

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)
  • Law

Cite this

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abstract = "Presents a statistical auditing system which gives a methodology for statistical analysis of international trade prices. Discusses how this can help governments and international lending agencies, or internationally trading firms, determine the optimal level of audits and physical inspections of cargoes in order to detect abnormally priced imports and exports, using a cost ‐ benefit approach. Applies a computer program to analyse transactions in any commodity between the USA and any other country, and describes the data set and methodology for determining upper and lower bound prices, using the interquartile range as the benchmark for determining abnormality. Presents results from earlier studies and gives an example of how the proposed statistical auditing system can be used.",
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Money laundering and income tax evasion : the determination of optimal audits and inspections to detect abnormal prices in international trade. / de Boyrie, Maria E.; Pak, Simon Joong-woong; Zdanowicz, John S.

In: Journal of Financial Crime, Vol. 12, No. 2, 01.04.2005, p. 123-130.

Research output: Contribution to journalReview article

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