||CPE Credits: 2
Course Level: Advanced
Prerequisite: An understanding of data analytics
The U.S. Postal Service (USPS) Office of Inspector General (OIG) established a Data Mining Group within its Office of Investigations to identify and prioritize probable fraudulent activity in four distinct areas of the Postal Service: contracts, health care, mail theft and finance. The USPS managed more than $33 billion in contracts in FY2009 and the OIG has previously relied primarily on hotline tips for investigative leads. Partnering with Elder Research Inc., the USPS OIG has developed a contract fraud data mining tool by combining advanced data mining techniques, data visualization and subject matter expertise to score all USPS contracts for potential fraud, waste and abuse.
In this course, you will learn how the USPS OIG believes that this promising antifraud tool will also aid auditing, postal business operations and other governmental agencies looking to reduce and minimize fraud, waste and abuse
You Will Learn How To:
Define predictive analytics and the myths about predictive analytics and data mining
Start a data mining or predictive analytics group
Enable your organization to prioritize high-risk leads or audits for investigators and auditors by utilizing predictive analytics
Utilize predictive analytics to produce high ROI by focusing agents and analysts on cases with higher probability of being fraud, waste, of abuse
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PRESENTERS: Isaiah Goodall and Gerhard Pilcher
RECORDING DATE: May 30, 2013
DURATION: 100 MINUTES
FIELD OF STUDY: Auditing
Last Updated: March 2013
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Online CPE exam grading available for this course:
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Please note: To be eligible for CPE credit, you must complete the final exam within one year of purchase date. You may only claim CPE credit for a course once.
The Association of Certified Fraud Examiners, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org