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Predictive Analytics to Prioritize Investigations and Audits of Contract Fraud, Waste and Abuse

CPE Credit: 2
Course Level: Advanced
Prerequisite: An understanding of data analytics

Description:

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:

Recognize key elements of predictive analytics

Identify challenges in detecting fraud in the workplace

Identify methods and best practices when utilizing data analytics

Recognize how predictive analytics can focus agents and analysts on cases with a higher probability of fraud, waste, or abuse

Identify the categories of fraud indicators

Recognize types of software used to detect fraud

Requires FREE Adobe Acrobat Reader available at Adobe.com/acrobat.

PRESENTERS: Isaiah Goodall and Gerhard Pilcher
RECORDING DATE: May 30, 2013
DURATION: 100 MINUTES

FIELD OF STUDY: Auditing

Last Updated: april 2019

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Online CPE exam grading available for this course:

Online grading is available for ACFE self-study workbook courses. Complete the course offline at your convenience, but take the exam online the moment you're ready. Featuring instant exam results and a printable certificate, online grading offers a quick and convenient way to earn CPE.

Benefits of online exam grading include:

Instant exam results

Printable CPE certificate

Complete the course at your own pace

Take the exam online the moment you're ready

Click here for instructions on accessing your online exam.

Member Price:	$ 69.00
Non-Members:	$ 89.00
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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.nasbaregistry.org

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.