About this course
The best audit program in the world will not detect fraud unless the auditor selects the appropriate transaction for examination. Data analytics is the critical tool in locating and recognizing fraudulent activity in today’s core business systems. This course will combine fraud risk assessment and the use of data analytics to assist the auditor in responding to the risk of fraud within their audits. The course will demonstrate techniques that have located fraud that was hidden in company databases and focus on proven methodologies that will provide a framework to build your fraud analytics plan. This seminar will also show you how to build data interrogation search routines into your fraud risk assessment to locate data red flags.
Throughout the seminar, case studies and exercises will be used to reinforce the course material. At the conclusion of the seminar, attendees will build a data analytics plan to incorporate into their audit program and will be prepared to create search routines to uncover fraud in core business systems.
What you will learn
You will learn how to build a data analytics plan to incorporate into your audit program and techniques to create search routines to uncover fraud in business systems.
Objectives
- Fraud Data Analytics
- Data Mining Strategies
- How to Build a Fraud Data Mining Plan
- Data Analytics in Planning the Audit
- Data Mining for Shell Companies
- Data Mining for Fraudulent Disbursement
- Data Mining for Corruption
- Data Mining Company Credit Cards
- Data Mining for Payroll Fraud
- Data Mining for Theft of Revenue and Cash Receipts
- Data Mining Within the Financial Statements
Recent reviews
I think the course was great. I believe Mr. Vona did an excellent job with course and giving examples of how he has applied the analytics to real life situations. I believe the course could be even better with hands on performance of the analytics with an actual data set.
The course is good and the instructor is very knowledgeable; however, the timing of the course is not suitable for attendees who are not from east coast. The class starts at 8:30 a.m. EST but it is 5:30 a.m. PST. That might attract less attendees who do not live in east coast. Also, a long 8 hours online class is challenging for almost 3 days in the row. it might be easier and better if the class can break down to shorter duration and extra day or so.
Very interesting course, well structurated anf full of good information