Simple Analytics in Accounts Payable

Description

With this ebooklet, the reader will learn how data analysis techniques can be used to understand the accounts payable business process, find fraud indicators, and identify control weaknesses.

This material can help people with any level of experience in accounts payable, external/internal audit, or other business areas.   The documentation provides concepts for learning, research, and practical examples that can be applied with high value to any organization at varied levels of complexity.

I usually start with the data that supports the A/P business process…

… Next, consider the risks associated with each data element (e.g., what could happen if the invoice number was changed – duplicate payments; what if a clerk amended the payment terms – early or late payments).