So you’ve got all these audit data analytics dashboards. But how can you know, for any given supplier or customer, which tests they show up in? If you pick a supplier from the list, wouldn’t it be great to see—out of all the tests—which ones they were flagged by?
But are they really a risk to the company? What if you could see whether or not they also share a bank account with an employee, have invoices without purchase orders and get paid in cash? Now their risk profile is much higher. So we finished building out our 300 must-have data analytics. The next stage is to correlate them all. In this event, I’ll show you how we add a little bit of code to do that in an easy, organized way.
- Learn about the importance of correlation within internal audit and how it can help us to detect fraud
- Find out about how useful correlations are when trying to identify suppliers or transactions that have more than one problem
- Understand the kinds of tests we can use when considering potential fraud schemes.
Duration: 1 hour
CPEs Available: 1
Knowledge Level: Basic
Categories: Data Analytics, Fraud Management
Advance Preparation: None
You will receive a certificate of completion that complies with IIA, ISACA, and ACFE CPE requirements for any certifications held by those associations (CIA, CISA, CRMA, CFE, etc.). Auditopia does not offer NASBA certificates for CPA CPE requirements at this time, this is something we will look into in the future.
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