The document discusses using data analytics to identify fraud indicators. It provides an overview of COSO's fraud risk management principles and how data analysis fits within those principles. Several fraud risk areas are identified that are well-suited for data analytic techniques, including payroll, accounts payable, travel and entertainment, procurement cards, and foreign corrupt practices. Examples of specific fraud indicators that could be identified through data analysis for each risk area are also provided.
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
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.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
Fundamental controlling tool of fraud prevention and detection designed for company owners and top management. Protect at work and in business those honest against those unfair.
www.forensicline.eu
On December 5, 2013, Ron Steinkamp, principal, government advisory services at Brown Smith Wallace, presented at the 2013 MIS Training Institute Governance, Risk & Compliance Conference. Ron focused on the following keys to fraud prevention, detection and reporting:
1. Anti-fraud culture
2. Fraud policy
3. Fraud awareness/training
4. Hotline
5. Assess fraud risks
6. Review/investigation
7. Improved controls
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.
White-Collar Crime Fighter Newsletter Subscribe Now at No Cost!
FraudResourceNet has made the premier Anti-Fraud newsletter, White-Collar Crime Fighter freely available to all. All this is required is to complete the registration form with your work email address!
The widely read newsletter, White-Collar Crime Fighter brings you expert strategies and actionable advice from the most prominent experts in the fraud-fighting business. Every two months you'll learn about the latest frauds, scams and schemes... and the newest and most effective fraud-fighting tools, techniques and technologies to put to work immediately to protect your organization.
When it comes to fraud, knowledge of the countless schemes, how they work and red flags to look for will help keep you, your organization and your clients safe.
At FraudResourceNet we understand this and take great pride in providing our FREE White Collar Crime Fighter newsletter -- filled with exclusive articles and tips to provide the knowledge you need.
Make sure you stay informed. Sign up for White Collar Crime Fighter newsletter and we’ll keep you up-to-date on special promos, training opportunities, and other news and offers from FraudResourceNet!
Signing up is easy and FREE. If you have not already subscribed to our newsletter, please sign up to get started!
Sign up for the White Collar Crime Fighter Newsletter (a $99 value ... now completely FREE)
We continued our Celebrating 40 Years of Excellence! Fall Webinar Series with a webinar titled Fraud Prevention and Detection: Surprise Fraudsters Before They Surprise You. This webinar was hosted by Sam BowerCraft, Senior Manager and Dave Hammarberg , IT Director with McKonly & Asbury.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/fraud-prevention-and-detection-webinar/.
Most companies have ethics and compliance policies in place and those policies usually include training for employees. That training typically includes material about policies prohibiting discrimination and harassment, bribery and excessive gift-giving. But it usually does not teach employees how to recognize signs of fraud and how to report them.
Employee fraud awareness training is one of the most important ways your company can protect itself from fraud which, according to the Association of Certified Fraud Examiners, costs the average company five per cent of its revenues every year.
Essentials of a Highly Effective Employee Fraud Awareness ProgramFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on the subject in the title
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 slides provides fundamental understanding of concepts, principles and issues in fraud risk management. It is a comprehensive summary of general knowledge and understanding about the fraud risk management.
Data-Ed Webinar: Data Quality Success StoriesDATAVERSITY
Organizations must realize what it means to utilize data quality management in support of business strategy. This webinar will demonstrate how chronic business challenges can often be attributed to the root problem of poor data quality. Showing how data quality should be engineered provides a useful framework in which to develop an effective approach. Establishing this framework allows organizations to more efficiently identify business and data problems caused by structural issues versus practice-oriented defects; giving them the skillset to prevent these problems from re-occurring.
Learning Objectives:
Understanding foundational data quality concepts based on the DAMA DMBOK
Utilizing data quality engineering in support of business strategy
Case Studies illustrating data quality success
Data quality guiding principles & best practices
Steps for improving data quality at your organization
We continued our Celebrating 40 Years of Excellence! Fall Webinar Series with a webinar titled Fraud Prevention and Detection: Surprise Fraudsters Before They Surprise You. This webinar was hosted by Sam BowerCraft, Senior Manager and Dave Hammarberg , IT Director with McKonly & Asbury.
Check out our Upcoming Events page for news and updates on our future seminars and webinars at http://www.macpas.com/events/.
View a full recap of this webinar at http://www.macpas.com/fraud-prevention-and-detection-webinar/.
Most companies have ethics and compliance policies in place and those policies usually include training for employees. That training typically includes material about policies prohibiting discrimination and harassment, bribery and excessive gift-giving. But it usually does not teach employees how to recognize signs of fraud and how to report them.
Employee fraud awareness training is one of the most important ways your company can protect itself from fraud which, according to the Association of Certified Fraud Examiners, costs the average company five per cent of its revenues every year.
Essentials of a Highly Effective Employee Fraud Awareness ProgramFraudBusters
Webinar series from FraudResourceNet LLC on Preventing and Detecting Fraud in a High Crime Climate. Recordings of these Webinars are available for purchase from our Website fraudresourcenet.com
This Webinar focused on the subject in the title
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 slides provides fundamental understanding of concepts, principles and issues in fraud risk management. It is a comprehensive summary of general knowledge and understanding about the fraud risk management.
Data-Ed Webinar: Data Quality Success StoriesDATAVERSITY
Organizations must realize what it means to utilize data quality management in support of business strategy. This webinar will demonstrate how chronic business challenges can often be attributed to the root problem of poor data quality. Showing how data quality should be engineered provides a useful framework in which to develop an effective approach. Establishing this framework allows organizations to more efficiently identify business and data problems caused by structural issues versus practice-oriented defects; giving them the skillset to prevent these problems from re-occurring.
Learning Objectives:
Understanding foundational data quality concepts based on the DAMA DMBOK
Utilizing data quality engineering in support of business strategy
Case Studies illustrating data quality success
Data quality guiding principles & best practices
Steps for improving data quality at your organization
View this slides from this exclusive webinar to learn how Convercent and Ethisphere takes a deeper dive into critical compliance challenges, insights and benchmarks, including key metrics that compliance officers share with others across the organization and what the key drivers are for best-in-class compliance programs.
The path to a Modern Data Architecture in Financial ServicesHortonworks
Delivering Data-Driven Applications at the Speed of Business: Global Banking AML use case.
Chief Data Officers in financial services have unique challenges: they need to establish an effective data ecosystem under strict governance and regulatory requirements. They need to build the data-driven applications that enable risk and compliance initiatives to run efficiently. In this webinar, we will discuss the case of a global banking leader and the anti-money laundering solution they built on the data lake. With a single platform to aggregate structured and unstructured information essential to determine and document AML case disposition, they reduced mean time for case resolution by 75%. They have a roadmap for building over 150 data-driven applications on the same search-based data discovery platform so they can mitigate risks and seize opportunities, at the speed of business.
This practical presentation will cover the most important and impactful artifacts and deliverables needed to implement and sustain governance. Rather than speak hypothetically about what output is needed from governance, it covers and reviews artifact templates to help you re-create them in your organization.
Topics covered:
- Which artifacts are most important to get started
- Important artifacts for more mature programs
- How to ensure the artifacts are used and implemented, not just written
- How to integrate governance artifacts into operational processes
- Who should be involved in creating the deliverables
DV 2016: Why Your Organization Needs Data and Analytics GovernanceTealium
Tony Mazzarella, Analytics Professional
Integrating comprehensive data management and governance into your customer analytics strategy not only keeps you sane, but may keep you out of the doghouse. Leading research experts estimate that by 2018 nearly half of all ethics violations will be a result of improper use of data analytics. In this presentation, Tony Mazzarella makes a case for, and provides insight into, the development and implementation of governance in the context of customer analytics.
How Ally Financial Achieved Regulatory Compliance with the Data Management Ma...DATAVERSITY
A Data Management Maturity Model Case Study
Ally Financial Inc., previously known as GMAC Inc., is a bank holding company headquartered in Detroit, Michigan. Ally has more than 15 million customers worldwide, serving over 16,000 auto dealers in the US. In 2009 Ally Bank was launched – at present it has over 784,000 customers, a satisfaction score of over 90%, and has been named the “Best Online Bank” by Money magazine for the last four years.
Ally was an early adopter of the DMM, conducting a broad-based evaluation of its data management practices, and creating a strategy and sequence plan for improvements based on the results. Ally’s implementation of an integrated, organization-wide data management program including data governance, a robust data quality program, and managed data standards, resulted in a “Satisfactory” rating on its latest regulatory audit.
In this webinar, you will learn:
How Ally employed the DMM to evaluate its data management practices
Who was involved / lessons learned
How Ally prioritized and sequenced data management improvement initiatives
How the data management program has been enhanced and expanded
Business impacts and benefits realized
Major initiatives completed and underway
How Ally is leveraging DMM 1.0 to proactively prepare for BCBS 239 compliance.
Detox Your Vendor Master File Process: How to Sanitize & Stabilize your VMF P...Lavante Inc.
Jon Casher, President of Casher Associates and Josh Morrison, 20-year veteran of an industry leading F200 shared service environment, will discuss the three pillars of achieving a best-in-class Vendor Master File (VMF) process. They will explain why the VMF is so critical to stakeholders throughout the entire organization as well as to its value chain partners. Our Thought Leaders will provide an actionable framework from which business owners can drive an effective and efficient VMF detox and how to then create a sanitary environment to avoid errors, data erosion, and missing information.
Information provided in this session builds upon our last webinar, Secrets You Need to Know about Your Vendor Master, and provides the prerequisites needed to begin to achieve an optimal VMF program. In this 60 minute presentation you will learn:
Why your VMF is so critical and how it can be strategically leveraged within your organization
How to perform a superior VMF detox, including best practices in cleansing data, preventing errors and bad data, and gaining a better understanding of your suppliers
Ways you can use your VMF to protect against fraud and mitigate risk
How to create a real VMF compliance program to assure proper controls, segregation of duties, accountability and governance.
How Big Data and Predictive Analytics are Transforming the World of Accountin...Swenson Advisors, LLP
The age of the millennials is upon us: Google, Instagram, Snapchat, social media, competency based education (CBE) are changing the world we live in. Big Data, its “analytical off spring,” will significantly change the role and skill set of auditors and accountants in less than a decade.
Since the spread of IT systems has made it a pre-requisite that auditors as well as management have the ability to examine high volumes of data and transaction in order to determine patterns and trends. In addition, the increasing need to continuously monitor and audit IT systems has created an imperative for the effective use of appropriate data mining tools.
While a variety of powerful tools are readily available today, the skills required to utilize such tools are not. Not only must the correct testing techniques be selected but the effective interpretation of outcomes presented by the software is essential in the drawing of appropriate conclusions based on the data analysis. This 6 webinar series, based on Richard Cascarino’s book “Data Analytics for Internal Auditors” covers these skills and techniques.
Webinar 4 Analysis and Monitoring 4/2/19
Data analysis and Continuous Monitoring
Continuous Auditing
Financial Analysis
PREPARING FOR COMPLIANCE CHANGES UNDER A NEW ADMINISTRATIONHuman Capital Media
With a new U.S. presidential administration still in its early stages, there are likely to be upcoming regulatory changes that could affect your organization’s compliance strategy. What should you be doing now to prepare for potential changes, and how should you plan to manage compliance once changes take effect? There’s no room for error when adhering to compliance rules — especially those associated with the Fair Labor Standards Act, paid sick leave, and joint employer regulations.
By investing in fully automated workforce management processes rather than having a hodgepodge of manual and partially automated solutions, organizations can better predict risk, provide solutions to mitigate existing risk, and create effective communication to employees of pending or existent changes labor laws and regulations — enabling them to minimize risk, improve productivity, and enhance employee engagement.
Cliff Stevenson, principal analyst at Brandon Hall Group, will be joined by Kronos® Director of Product Marketing Kristen Wylie to outline how your organization can build a stronger compliance strategy. You’ll get valuable information on:
How your organization’s level of readiness compares to that of your peers amid changes in administration and policies
Minimizing risk through technology and automation
Finding your organization on the compliance climate matrix and learning real-world next steps
FUTURE READY HR: STRATEGIES FOR POSITIVE WORKPLACE CULTUREHuman Capital Media
Major fluctuations are underway, including EEOC investigations, FLSA developments and uncertainty surrounding the ACA. To successfully navigate this new world of regulatory compliance and uncertainty — while ensuring that your organization is prepared to nurture and engage your workforce — you need accurate and immediate access to people data.
Organizations today have access to more information than ever before, but are you using that data to ease compliance requirements, and more importantly, to serve your employees better? Just having the data isn’t enough. Many organizations are drowning in this sea of unorganized information, unable to leverage its full potential. Consider how you can better leverage this mass of information to better engage and nurture employees.
Large or small, HR departments that are bogged down by manual processes, administrative tasks and compliance paperwork don’t have the data or the planning tools needed for strategic influence. So they’re unable to fully and effectively advocate for the employee experience during corporate strategy and decision-making. Join us for this 60-minute program where our panelists will discuss the future-ready HR department. Starting with tips to manage the current regulatory landscape around human resources, our panelists will discuss the importance of data access and visibility to ensure compliance with constantly evolving requirements, and identify human capital management tools and strategies that can help your organization move closer to a data-driven HR function.
Webinar participants will learn:
Recent and upcoming developments in laws and regulations surrounding human resources.
The importance of reporting and data collection for maintaining compliance and making data-driven people decisions.
Strategies for effective collection and reporting of human resources data to use it properly to streamline compliance efforts and drive employee engagement.
Contego Fraud Solutions Ltd fin tech week 2014Rebecca1243
Data and Risk Management:A Match Made in FinTech.
Earlier this year Adrian Black, CEO of Contego, gave an insightful presentation on what data needs to be leveraged in the fight against fraud. Here at Contego we think that sharing the right intelligence reduces collective risk. So please take a look.
Improve Regulatory Compliance & Risk Management Using Best PracticesLavante Inc.
Protect your companies' brand, add strategic value to AP, and assure your senior management that your vendor information is complete, accurate and compliant.
Mary Schaeffer from AP Now and Joe Flynn Founder of Lavante present how to:
* Improve Vendors relationships by enabling effective communication
* Define AP procedures for gathering credentials and ensuring government compliance
* Conduct an unbiased in-depth statement review process' to recover credits, erroneous payments, contract compliance, and more
* Leverage supplier portals to reduce costs and streamline AP processes
Fine out if you are using the best practices when it comes to your Government Regulation Compliance program. Or to watch the webinar on-demand, go here: http://bit.ly/1zAPxJC.
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