Fraud Detection: The Power of Correlation Analysis (1 CPE)

$10.00

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 which tests flagged that supplier, so you could do further research as needed?

And wouldn’t it be helpful to correlate different risk factors, such as whether a supplier shares a bank account with an employee, has invoices without purchase orders. and gets paid in cash? In this course, you will see how Claire leverages 300 must-have data analytics to correlate supplier risks in an easy, organized way.

 

 

Learning Objectives

  • 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 (approximate)
CPEs Available: 1
Knowledge Level: Basic
Categories: Data Analytics, Fraud Management
Prerequisites: None
Advance Preparation: None

 

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Description


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 which tests flagged that supplier, so you could do further research as needed?


And wouldn’t it be helpful to correlate different risk factors, such as whether a supplier shares a bank account with an employee, has invoices without purchase orders. and gets paid in cash? In this course, you will see how Claire leverages 300 must-have data analytics to correlate supplier risks in an easy, organized way.

 

Learning Objectives

  • 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.

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