Fraud Analytics will depict the elements of analysis that are used in todays fraud examinations, fraud investigations, and financial crime investigations. It will review the types of anlysis that should be considered prior to beginning an investigation. For example, in a financial crimes investigation (e.g. money laundering) it helps to create a commodity flow analysis chart associating the red flags to suspects and/or organizations. It will show how to use data mining techniques to detect fraud, review the two major data analytics providers, ACL and IDEA and show how valuable a tool this is for investigators and auditors. Throughout, examples will be provided along with sample cases to show readers how the concepts discussed work in practice.
Book Details:
- Author: Delena D. Spann
- ISBN: 9781118230688
- Year Published: 2013
- Pages: 176
- BISAC: BUS003000, BUSINESS & ECONOMICS/Auditing
About the Book and Topic:
Fraud Analytics will depict the elements of analysis that are used in todays fraud examinations, fraud investigations, and financial crime investigations. It will review the types of anlysis that should be considered prior to beginning an investigation. For example, in a financial crimes investigation (e.g. money laundering) it helps to create a commodity flow analysis chart associating the red flags to suspects and/or organizations. It will show how to use data mining techniques to detect fraud, review the two major data analytics providers, ACL and IDEA and show how valuable a tool this is for investigators and auditors. Throughout, examples will be provided along with sample cases to show readers how the concepts discussed work in practice.
Analytics have become a core component of an auditor/fraud examiner’s skillset with so much data now available electronically. While there are well-known software packages available from ACL, SAS, and IDEA, most users end up not using these tools at maximum proficiency because they are not aware of the different methodologies that can be used.
TIMELY TOPIC. Data analytics is a growing field in the business community with the ever expanding volume of data available and improved software. Fraud analytics is used to find anomalies and other signs of fraud in business data and is an invaluable tool for auditors and investigators. AUTHOR PLATFORM. Delena Spann is a former board member for the Association of Certified Fraud Examiners (ACFE) and a current board member for ASIS International. She is a frequent speaker and presenter on fraud analytics and investigation.
About the Author
Delena D. Spann (Chicago, IL), CFE, is employed with the United States Secret Service, Chicago Field Office where she is assigned to the Electronic and Financial Crimes Task Force. She serves as the financial analysis expert in commodity flow analysis and net worth analysis where she is responsible for conducting and exercising ingenuity and applying the ability to conduct independent financial analysis and research in financial crimes investigations. She is a former member of the Board of Regents for the Association of Certified Fraud Examiners (ACFE), a Board member with ASIS International, a leading association for information security professionals with over 35,000 members worldwide.