This paper on Integrating AI in fraud detection focuses on stopping procurement fraud in South Africa’s public sector. Did you know that non-compliance in public procurement accounted for 68% of irregular government spending in recent years?

The paper examines how cutting-edge AI tools can aid in detecting and preventing such fraud, enhance audit efficiency, and bolster forensic investigations into corrupt tenders.

What’s inside? Practical insights on using AI-driven anomaly detection to flag overpriced contracts and collusive bidding. An African case study (Nigeria) where tech saved millions by blocking a fraudulent deal.

Plus, we discuss the opportunities AI creates for transparency and accountability in government procurement, and the challenges we need to overcome (from data quality to ethical considerations).

Whether you’re an auditor, public official, or just passionate about good governance, this is a must-read for understanding how 4IR tech can safeguard public funds.