Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud Using Data Analytics. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com This Webinar focused on fraud detection using data analytic software (Excel, ACL, IDEA) FraudResourceNet (FRN) is the only searchable portal of practical, expert fraud prevention, detection and audit information on the Web. FRN combines the high quality, authoritative anti-fraud and audit content from the leading providers, AuditNet ® LLC and White-Collar Crime 101 LLC/FraudAware. The two entities designed FRN as the “go-to”, easy-to-use source of “how-to” fraud prevention, detection, audit and investigation templates, guidelines, policies, training programs (recorded no CPE and live with CPE) and articles from leading subject matter experts. FRN is a continuously expanding and improving resource, offering auditors, fraud examiners, controllers, investigators and accountants a content-rich source of cutting-edge anti-fraud tools and techniques they will want to refer to again and again.
2. About Jim Kaplan, MSc, CIA, CFE
PresidentandFounderofAuditNet,theglobalresourceforauditors
Auditor,WebSiteGuru, InternetforAuditorsPioneer
RecipientoftheIIAs2007BradfordCadmusMemorialAward.
AuthorofTheAuditorsGuidetoInternetResources2ndEditionCopyright 2013
FraudResourceNet LLCAbout Katrina Kiselinchev, CPA, CIA, CFE, CFF
PresidentofInclusivitie,WeDoSMART IntegrationPartnerwithIDEA
Experienceacrossindustries,audit,fraud,andvalue
AchievedValueof$5+Million&ROIof2000+%,which
includedusingIDEAsSMARTAnalyzer.
AdjunctProfessoratGeorgiaStateUniversity SpecificFraud
inAccountsPayablee.g.VendorOvercharges,
Duplicates,andDiversionofRefundsCopyright 2013 FraudResourceNet LLC
3. Webinar Housekeeping This webinar and its material are the
property of AuditNet and FraudAware. Unauthorized usage or
recording of this webinar or any of its material is strictly
forbidden. We will be recording the webinar and you will be
provided access to that recording within five business days after
the webinar. Downloading or otherwise duplicating the webinar
recording is expressly prohibited. Please complete the evaluation
to help us continuously improve our Webinars. You must answer the
polling questions to qualify for CPE per NASBA. Submit questions
via the chat box on your screen and we will answer them either
during or at the conclusion. If GTW stops working you may need to
close and restart. You can always dial in and listen and follow
along with the handout.Copyright 2013 FraudResourceNet
LLCDisclaimers The views expressed by the presenters do not
necessarily represent the views, positions, or opinions of
FraudResourceNet LLC (FRN) or the presenters respective
organizations. These materials, and the oral presentation
accompanying them, are for educational purposes only and do not
constitute accounting or legal advice or create an
accountant-client relationship. While FRN makes every effort to
ensure information is accurate and complete, FRN makes no
representations, guarantees, or warranties as to the accuracy or
completeness of the information provided via this presentation. FRN
specifically disclaims all liability for any claims or damages that
may result from the information contained in this presentation,
including any websites maintained by third parties and linked to
the FRN website Any mention of commercial products is for
information only; it does not imply recommendation or endorsement
by FraudResourceNet LLC Copyright 2013 FraudResourceNet LLC5 4.
Learning Objectives CostliestProcurementFraudstoBewareof
IndicatorsofPossibleCollusiveProcurementVendorSchemes
RedFlagstoLookforinAuditsofProcurementUsingDataAnalytics
HowtoConducttheAuditUsingDataAnalytics
WhattoDoifyouFindVendororProcurementFraudCopyright 2013
FraudResourceNet LLC6Agenda Introduction Standards&Essentials
FraudStateoftheUnion IntheNews:CostliestFormsofPayablesFraud
AccountsPayableFraudsters IMAManufacturingCompanyCase
PlanningforAccountsPayableFraud
DataGathering&SoftwareIntroduction
DiscoverywithDA:IsThereFraudatIMAManufacturing
RedFlagDetection&Collusion
FindingAccountsPayableFraud&NextStepsCopyright 2013
FraudResourceNet LLC7 5. The Auditors RoleIPPFStandard1210.A3
Internalauditorsmusthavesufficient knowledgeofavailabletechnology
basedaudittechniquestoperformtheir assignedworkCopyright 2013
FraudResourceNet LLCIIA Guidance GTAG 13
Internalauditorsrequireappropriateskills
andshoulduseavailabletechnological
toolstohelpthemmaintainasuccessful fraudmanagementprogramthatcovers
prevention,detection,andinvestigation. Assuch,allauditprofessionals
notjust ITauditspecialists areexpectedtobe
increasinglyproficientinareassuchas
dataanalysisandtheuseoftechnologyto
helpthemmeetthedemandsofthejob.Copyright 2013 FraudResourceNet LLC
6. Professional GuidanceCopyright 2013 FraudResourceNet LLCFraud
State of the Union2012ACFE Reporttothe NationsCopyright 2013
FraudResourceNet LLC 7. Fraud State of the Union2012 ACFE Report to
the NationsCopyright 2013 FraudResourceNet LLCIn the News:
Costliest Forms of Accounts Payable Fraud
AccordingtoACFE's"ReporttotheNationonOccupationalFraudandAbuse":
>39%ofFraudCasesinAPOccurinBusinesswith
