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.
Imagine … internal auditors identifying risks + opportunities from data. Internal auditors can + need to grasp this opportunity to transform their role and industry. More >> grantthornton.com/data-analytics
Leader or Laggard: How Data Drives Competitive Advantage in the Investment Co...State Street
In an age where asset owners and managers face vast amounts of data, two distinct groups are emerging. The data leaders are using smart data strategies for valuable insights and a competitive edge, while the laggards struggle to master data complexity. There are key strategies these institutional investors need to go from laggard to leader – and pull ahead of the pack.
Cleaning up intercompany accounting: Driving efficiency while managing riskDeloitte United States
Insufficient accounting of transactions between various legal entities within an organization can lead to inaccurate financial reporting, yet about nine percent of respondents to a recent Deloitte poll say their organizations have holistic, efficient and well-communicated intercompany accounting frameworks. More than 3,800 professionals participated in a Deloitte Dbriefs webcast, “Cleaning up intercompany accounting: Driving efficiency while managing risk,” on May 26, 2016. http://www2.deloitte.com/us/en/pages/dbriefs-webcasts/events/may/2016/dbriefs-cleaning-up-intercompany-accounting-driving-efficiency-while-managing-risk.html
Since 2013, pass-through owners have faced a potentially higher tax rate (39.6%) on their business income than their C corporation competitors (35%). This rate disparity puts them at a competitive disadvantage and hinders growth. http://gt-us.co/1SPWvqZ Learn more about how a business equivalency rate ensures all businesses are taxed equally.
T&E Fraud, Misuse & Waste are things every travel manager fears. In the U.S. 250,000 employees cost business $3B from 48 million transactions, and 75.6% of employees committing expense report fraud are engaged in another form of occupational fraud. Learn about the troubling T’s of managers and find out how to detect the bad apples to make a positive impact on your T&E spend program.
Oversight Insights On Demand is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and inefficient and wasteful spending. By identifying trends and patterns of behavior Oversight allows you to focus on the employees and vendors driving the majority of inappropriate activity; making it easier to improve spend program compliance.
The Deloitte Center for Health Solutions took a pulse on where industry stakeholders are in their progress in preparing for MACRA. We found MACRA is poised to disrupt relationships across health systems, health plans, and life sciences companies. http://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/macra.html?id=us:2sm:3ss:macra:eng:chs:091518:macra
Imagine … internal auditors identifying risks + opportunities from data. Internal auditors can + need to grasp this opportunity to transform their role and industry. More >> grantthornton.com/data-analytics
Leader or Laggard: How Data Drives Competitive Advantage in the Investment Co...State Street
In an age where asset owners and managers face vast amounts of data, two distinct groups are emerging. The data leaders are using smart data strategies for valuable insights and a competitive edge, while the laggards struggle to master data complexity. There are key strategies these institutional investors need to go from laggard to leader – and pull ahead of the pack.
Cleaning up intercompany accounting: Driving efficiency while managing riskDeloitte United States
Insufficient accounting of transactions between various legal entities within an organization can lead to inaccurate financial reporting, yet about nine percent of respondents to a recent Deloitte poll say their organizations have holistic, efficient and well-communicated intercompany accounting frameworks. More than 3,800 professionals participated in a Deloitte Dbriefs webcast, “Cleaning up intercompany accounting: Driving efficiency while managing risk,” on May 26, 2016. http://www2.deloitte.com/us/en/pages/dbriefs-webcasts/events/may/2016/dbriefs-cleaning-up-intercompany-accounting-driving-efficiency-while-managing-risk.html
Since 2013, pass-through owners have faced a potentially higher tax rate (39.6%) on their business income than their C corporation competitors (35%). This rate disparity puts them at a competitive disadvantage and hinders growth. http://gt-us.co/1SPWvqZ Learn more about how a business equivalency rate ensures all businesses are taxed equally.
T&E Fraud, Misuse & Waste are things every travel manager fears. In the U.S. 250,000 employees cost business $3B from 48 million transactions, and 75.6% of employees committing expense report fraud are engaged in another form of occupational fraud. Learn about the troubling T’s of managers and find out how to detect the bad apples to make a positive impact on your T&E spend program.
Oversight Insights On Demand is a web-based software solution that automates spending program compliance by comprehensively analyzing expense report, purchase card, and accounts payable transactions to identify fraud, non-compliant purchases, and inefficient and wasteful spending. By identifying trends and patterns of behavior Oversight allows you to focus on the employees and vendors driving the majority of inappropriate activity; making it easier to improve spend program compliance.
The Deloitte Center for Health Solutions took a pulse on where industry stakeholders are in their progress in preparing for MACRA. We found MACRA is poised to disrupt relationships across health systems, health plans, and life sciences companies. http://www2.deloitte.com/us/en/pages/life-sciences-and-health-care/articles/macra.html?id=us:2sm:3ss:macra:eng:chs:091518:macra
This report looks at a number of actual fraud instances that occurred in Australian businesses/NFPs in 2017, how the fraud occurred and how it could have been avoided.
For 2018, one of the main fraud risks continues to be cyber fraud. It is therefore essential your in-house IT team/external IT providers are up to speed with all current cyber fraud risks and have sufficient IT controls in place.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
Российский обзор экономических преступлений за 2016 годPwC Russia
В этом году в центре внимания нашего исследования находятся три вопроса: программы по соблюдению правил деловой этики и нормативно-правовых требований; противодействие легализации (отмыванию) доходов, полученных преступным путем; и киберпреступления. Помимо конкретных аспектов экономических преступлений, на которых следует сосредоточить особое внимание, в обзоре подчеркивается важность реализации более комплексных и эффективных мер, которые позволяют минимизировать указанные риски.
Findings on health information technology and electronic health recordsDeloitte United States
The Deloitte Center for Health Solutions 2016 Survey of US Physicians set out to understand physician adoption and perception of key market trends around health information technology and electronic health record data. Explore key survey findings to discover where physicians find the most value, barriers to adoption, and what they want next. http://deloi.tt/2d3b4w6
Первый выпуск PwC Индекса противодействия коррупцииPwC Russia
PwC публикует свой первый выпуск Индекса противодействия коррупции (далее – «ABCI», anti-bribery and corruption index), измеряющего уровень соответствия российских компаний требованиям антикоррупционного законодательства.
Соблюдение требований антикоррупционного законодательства приобретает все большее значение в России и за рубежом. Результаты проведенного PwC исследования показывают, в какой степени предпринятые крупнейшими российскими компаниями действия отвечают этим требованиям. Для целей данного исследования было выполнено сравнение общедоступной информации по российским компаниям, относящейся к сфере соблюдения антикоррупционного законодательства, с передовой практикой в данной области.
Simple Training for Information Security and Payment FraudEvan Francen
The frequency of financial scams and payment fraud have been increasing substantially. We put these simple training slides together as a way to help our clients and friends.
Inside the circle of trust: Data management for modern enterprisesExperian Data Quality
Data-driven businesses rely on large amounts of information to make informed decisions. But an underlying lack of trust in the quality of data undermines these initiatives. This presentation explores why trusted data is essential and how organizations can start to build confidence in their information.
This presentation provides an overview to preventing and detecting payroll fraud. It is of interest to payroll managers, finance directors, shared services specialists, and internal auditors.
Rushmore Forensic is a specialist forensic accounting firm based in Sydney, Australia.
Leaders everywhere face increasing risks for their organizations. But not all risks are created equal. And not all organizations have the same ability to measure, manage or mitigate these risks.
Highlights of key branding, design, and digital projects from the last 5 years for clients like Samsung, DC Comics, Wired, Image Comics, Valiant Entertainment, Paramount Pictures, Shutl, WGSN, ComicBook.com, and more.
JIRA ServiceDesk und seine Stolpersteine bei der EinführungOliver Sträßer
Nach mehreren erfolgreichen JIRA ServiceDesk Einführungen wurde offensichtlich, dass während und auch nach dieser Phase immer die gleichen Fragen und Probleme aufkommen, an welche Prozess- und Infrastrukturverantwortliche zunächst nicht denken. Der Vortrag gibt zunächst einen Einblick in die Funktionsweise, Terminologie und Denkweise von JIRA Service Desk. Ebenso werden einige dieser bekannten Stolpersteine näher betrachtet und Lösungsansätze präsentiert oder mitgeteilt wie diese umgangen werden können.
This report looks at a number of actual fraud instances that occurred in Australian businesses/NFPs in 2017, how the fraud occurred and how it could have been avoided.
For 2018, one of the main fraud risks continues to be cyber fraud. It is therefore essential your in-house IT team/external IT providers are up to speed with all current cyber fraud risks and have sufficient IT controls in place.
Infographic | Quality of Data & Cost of Bad Data | Sapience AnalyticsSapience Analytics
As the quality of data becomes more and more crucial to the success of an organization, the cost of bad data goes staggeringly high.
Read this Infographic and understand the dependence of organizations on data in terms of:
Importance of data
Quality of data
Cost of bad data
Reasons for bad data quality
Российский обзор экономических преступлений за 2016 годPwC Russia
В этом году в центре внимания нашего исследования находятся три вопроса: программы по соблюдению правил деловой этики и нормативно-правовых требований; противодействие легализации (отмыванию) доходов, полученных преступным путем; и киберпреступления. Помимо конкретных аспектов экономических преступлений, на которых следует сосредоточить особое внимание, в обзоре подчеркивается важность реализации более комплексных и эффективных мер, которые позволяют минимизировать указанные риски.
Findings on health information technology and electronic health recordsDeloitte United States
The Deloitte Center for Health Solutions 2016 Survey of US Physicians set out to understand physician adoption and perception of key market trends around health information technology and electronic health record data. Explore key survey findings to discover where physicians find the most value, barriers to adoption, and what they want next. http://deloi.tt/2d3b4w6
Первый выпуск PwC Индекса противодействия коррупцииPwC Russia
PwC публикует свой первый выпуск Индекса противодействия коррупции (далее – «ABCI», anti-bribery and corruption index), измеряющего уровень соответствия российских компаний требованиям антикоррупционного законодательства.
Соблюдение требований антикоррупционного законодательства приобретает все большее значение в России и за рубежом. Результаты проведенного PwC исследования показывают, в какой степени предпринятые крупнейшими российскими компаниями действия отвечают этим требованиям. Для целей данного исследования было выполнено сравнение общедоступной информации по российским компаниям, относящейся к сфере соблюдения антикоррупционного законодательства, с передовой практикой в данной области.
Simple Training for Information Security and Payment FraudEvan Francen
The frequency of financial scams and payment fraud have been increasing substantially. We put these simple training slides together as a way to help our clients and friends.
Inside the circle of trust: Data management for modern enterprisesExperian Data Quality
Data-driven businesses rely on large amounts of information to make informed decisions. But an underlying lack of trust in the quality of data undermines these initiatives. This presentation explores why trusted data is essential and how organizations can start to build confidence in their information.
This presentation provides an overview to preventing and detecting payroll fraud. It is of interest to payroll managers, finance directors, shared services specialists, and internal auditors.
Rushmore Forensic is a specialist forensic accounting firm based in Sydney, Australia.
Leaders everywhere face increasing risks for their organizations. But not all risks are created equal. And not all organizations have the same ability to measure, manage or mitigate these risks.
Highlights of key branding, design, and digital projects from the last 5 years for clients like Samsung, DC Comics, Wired, Image Comics, Valiant Entertainment, Paramount Pictures, Shutl, WGSN, ComicBook.com, and more.
JIRA ServiceDesk und seine Stolpersteine bei der EinführungOliver Sträßer
Nach mehreren erfolgreichen JIRA ServiceDesk Einführungen wurde offensichtlich, dass während und auch nach dieser Phase immer die gleichen Fragen und Probleme aufkommen, an welche Prozess- und Infrastrukturverantwortliche zunächst nicht denken. Der Vortrag gibt zunächst einen Einblick in die Funktionsweise, Terminologie und Denkweise von JIRA Service Desk. Ebenso werden einige dieser bekannten Stolpersteine näher betrachtet und Lösungsansätze präsentiert oder mitgeteilt wie diese umgangen werden können.
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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