Fraud Data Analytics: Overview and Developing a Fraud Data Analytics Program

WEBVTT (Music) Welcome to our course on Fraud Data Analytics, Overview and Developing a Fraud Data Analytics Program. In this course, you'll learn about fraud data analytics. This is a process used by auditors or investigators to evaluate vast amounts of data, seeking out specific red flags that suggest fraud could be taking place. Identifying these signs allows investigators to focus on certain transactions and areas. Here, they review controls, conduct interviews, and examine source documents to discern if there's fraud, an error, or a mistake. Notably, the goal here isn't to directly spot fraud, but to identify red flags guiding auditors to transactions requiring further detailed examination. It's important to understand that fraud data analytics doesn't replace traditional audit and investigatory procedures, but exists to aid in gathering sufficient evidence to determine if fraudulent activity has occurred. This course, designed for professionals like auditors, fraud investigators, and compliance managers, covers various aspects of fraud, including detection, analysis, and assessment. It explores the role of the Fraud Data Analytics team, addressing potential challenges, and offering solutions when skill gaps exist. It also delves into fraud risk assessment development and its practical application. Successful completion of the course earns six CPE credits. So let's get started. (Music)