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Sebastian Johannes Mathias Schmid


Business and Industrial Engineering @KIT

Vitium Balance

Wirecard was one of the biggest accounting and business scandals of recent years. Banks and small investors made hard losses. Such scandals on a smaller or larger scale happen again and again: Enron, Steinhoff, etc. . We develop a tool to detect anomalies in balance sheets using statistical methods and machine learning. Thus, balance sheet manipulations can be detected at an early stage.