Fraud and Fraud Detection: A Data Analytics Approach

  • 5h 7m
  • Sunder Gee
  • John Wiley & Sons (US)
  • 2015

Detect fraud faster—no matter how well hidden—with IDEA automation

Fraud and Fraud Detection takes an advanced approach to fraud management, providing step-by-step guidance on automating detection and forensics using CaseWare's IDEA software. The book begins by reviewing the major types of fraud, then details the specific computerized tests that can detect them. Readers will learn to use complex data analysis techniques, including automation scripts, allowing easier and more sensitive detection of anomalies that require further review. The companion website provides access to a demo version of IDEA, along with sample scripts that allow readers to immediately test the procedures from the book.

Business systems' electronic databases have grown tremendously with the rise of big data, and will continue to increase at significant rates. Fraudulent transactions are easily hidden in these enormous datasets, but Fraud and Fraud Detection helps readers gain the data analytics skills that can bring these anomalies to light. Step-by-step instruction and practical advice provide the specific abilities that will enhance the audit and investigation process. Readers will learn to:

  • Understand the different areas of fraud and their specific detection methods
  • Identify anomalies and risk areas using computerized techniques
  • Develop a step-by-step plan for detecting fraud through data analytics
  • Utilize IDEA software to automate detection and identification procedures

The delineation of detection techniques for each type of fraud makes this book a must-have for students and new fraud prevention professionals, and the step-by-step guidance to automation and complex analytics will prove useful for even experienced examiners. With datasets growing exponentially, increasing both the speed and sensitivity of detection helps fraud professionals stay ahead of the game. Fraud and Fraud Detection is a guide to more efficient, more effective fraud identification.

About the Author

SUNDER GEE spent much of his career at the Canada Revenue Agency, including holding the position of Electronic Commerce Audit Advisor for the Head Office. He has advised tax authorities around the world on the topic of computer-assisted audit techniques (CAAT). Sunder has prepared widely respected corporate training material and college courses on forensic accounting, anti–money laundering, and data analytics.

In this Book

  • Foreword
  • Introduction
  • Fraud Detection
  • The Data Analysis Cycle
  • Statistics and Sampling
  • Data Analytical Tests
  • Advanced Data Analytical Tests
  • Skimming and Cash Larceny
  • Billing Schemes
  • Check-Tampering Schemes
  • Payroll Fraud
  • Expense Reimbursement Schemes
  • Register Disbursement Schemes
  • Noncash Misappropriations
  • Corruption
  • Money Laundering
  • Zapper Fraud
  • Automation and IDEAScript
  • Conclusion
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