An integrated multi-criteria group decision making process: selection of the chief accountant

Abstract

Many individual attributes are considered in the selection of personnel accountants such as organization abilities, creativity, personality, and leadership demonstration. In the preceding decade the enormous economic and social costs due to financial fraud statements have shaken the market, devastated investment portfolios, and reduced confidence in financial reporting. Many of these frauds were carried out by employees who were privy to accounting information. The financial management is a special department; its needs to standards differ from any other department. In this paper, a fuzzy multi-criteria decision making (MCDM) algorithm, the additive ratio assessment method with fuzzy numbers (ARAS-F) and the analytic hierarchy process (AHP) are used in finding and promoting the most adequate chief accountant.