Data Analysis Techniques for Fraud Examiners
Data analysis is a powerful tool for fraud examiners. By searching for patterns, anomalies, trends and outliers, you might discover a cleverly hidden scheme. A skillful fraudster is adept at covering his tracks. However, data analytics empowers you to uncover even the most thoroughly hidden fraud. Furthermore, data analytics can be used to continuously monitor an organization so that red flags of fraud are discovered and investigated as soon as they occur.
This course explores the basics of using data analysis to uncover fraud. You will work through several interactive examples to illustrate simple analysis techniques. With these examples, you will learn how to perform a variety of tests and interpret the results to identify common red flags of fraud.
- Advantages and challenges of using data analytics to detect fraud
- Phases of the data analysis process
- Data analysis techniques for specific fraud schemes
- Red flags for suspicious or fraudulent data
- Basic analytical procedures
Table of Contents
|What is Data Analysis?
|Why Do We Use Data Analytics to Detect Fraud?
|Advantages of Using Data Analytics to Detect Fraud
|Challenges of Using Data Analytics to Detect Fraud
|The Data Analysis Process
|The Planning Phase
|The Preparation Phase
|The Testing and Interpretation Phase
|The Post-Analysis Phase
|Data Analysis Techniques
|Basic Analytical Procedures
|Data Analytics and Scheme-Specific Frauds
|Check Tampering Schemes
|Expense Reimbursement Schemes
|Theft of Cash Receipts Schemes
|Noncash Asset Schemes
|Financial Statement Fraud Schemes
|Financial Statement Analysis
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.
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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/.
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