The best audit program in the world will not detect fraud unless the auditor selects the appropriate transaction for examination. Data mining is the critical tool in locating and recognizing fraudulent activity in today’s core business systems. This course will combine fraud risk assessment and the use of data analytics to assist the auditor in responding to the risk of fraud within their audits. The course will demonstrate techniques that have located fraud that was hidden in company databases and focus on proven methodologies that will provide a framework to build your fraud data mining plan. This seminar will also show you how to build data interrogation search routines into your fraud risk assessment to locate data red flags.

Throughout the seminar, case studies and exercises will be used to reinforce the lecturer. Attendees will build data mining plans to uncover fraud and develop solutions for perplexing real life data mining issues. At the conclusion of the seminar, you will be prepared to build search routines to uncover fraud in core business systems.

Prerequisite: Fraud Audit School (OAF201), Uncovering Fraud in Core Business Functions (OAF301), or equivalent experience.

Advance Preparation: None         Learning Level: Intermediate

Field: Auditing                                    Delivery Method: Group-Live