Machine Learning for Auditors: Automating Fraud Investigations Through Artificial Intelligence

  • 3h 14m
  • Maris Sekar
  • Apress
  • 2022

Use artificial intelligence (AI) techniques to build tools for auditing your organization. This is a practical book with implementation recipes that demystify AI, ML, and data science and their roles as applied to auditing. You will learn about data analysis techniques that will help you gain insights into your data and become a better data storyteller. The guidance in this book around applying artificial intelligence in support of audit investigations helps you gain credibility and trust with your internal and external clients. A systematic process to verify your findings is also discussed to ensure the accuracy of your findings.

Machine Learning for Auditors provides an emphasis on domain knowledge over complex data science know how that enables you to think like a data scientist. The book helps you achieve the objectives of safeguarding the confidentiality, integrity, and availability of your organizational assets. Data science does not need to be an intimidating concept for audit managers and directors. With the knowledge in this book, you can leverage simple concepts that are beyond mere buzz words to practice innovation in your team. You can build your credibility and trust with your internal and external clients by understanding the data that drives your organization.

What You Will Learn

    Understand the role of auditors as trusted advisors

    Perform exploratory data analysis to gain a deeper understanding of your organization

    Build machine learning predictive models that detect fraudulent vendor payments and expenses

    Integrate data analytics with existing and new technologies

    Leverage storytelling to communicate and validate your findings effectively

    Apply practical implementation use cases within your organization

About the Author

Maris Sekar is a professional computer engineer, Certified Information Systems Auditor (ISACA), and Senior Data Scientist (Data Science Council of America). He has a passion for using storytelling to communicate on high-risk items within an organization to enable better decision making and drive operational efficiencies. He has cross-functional work experience in various domains such as risk management, data analysis and strategy, and has functioned as a subject matter expert in organizations such as PricewaterhouseCoopers LLP, Shell Canada Ltd., and TC Energy. Maris’ love for data has motivated him to win awards, write LinkedIn articles, and publish two papers with IEEE on applied machine learning and data science.

In this Book

  • About the Technical Reviewer
  • Introduction
  • Three Lines of Defense
  • Common Audit Challenges
  • Existing Solutions
  • Data Analytics
  • Analytics Structure and Environment
  • Introduction to AI, Data Science, and Machine Learning
  • Myths and Misconceptions
  • Trust, but Verify
  • Machine Learning Fundamentals
  • Data Lakes
  • Leveraging the Cloud
  • SCADA and Operational Technology
  • What Is Storytelling?
  • Why Storytelling?
  • When to Use Storytelling?
  • Types of Visualizations
  • Effective Stories
  • Storytelling Tools
  • Three Lines of Defense
  • Three Lines of Defense
  • Fraud and Anomaly Detection
  • Access Management
  • Project Management
  • Data Exploration
  • Vendor Duplicate Payments
  • CAATs 2.0
  • Log Analysis
  • Concluding Remarks