Fraud Auditing, Detection, and Prevention Blog

How Investing In Fraud Analytics Pays Off

Mar 18, 2020 12:33:29 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

In my December 2019 blog, I provided eleven statements in the spirit of causing you to think about your audit plan and helping you create a dialog in your company about improving your ability to find fraud risk statements within your audit. In January and February and this blog, I’m delving deeper into the issues.

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The Rise of The Fraud Audit

Feb 18, 2020 9:54:00 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

In my December 2019 blog, I provided eleven statements in the spirit of causing you to think about your audit plan and helping you create a dialog in your company about improving your ability to find fraud risk statements within your audit. In last month’s and this blog, I’m delving deeper into the issues.

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Finding Fraud In An Audit Is Easier Than You Think

Jan 29, 2020 11:43:06 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

In my December 2019 blog, I provided eleven statements in the spirit of causing you to think about your audit plan and helping you create a dialog in your company about improving your ability to find fraud risk statements within your audit. In the next four blogs, January – April, I will elaborate on them.

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Eleven Statements About An Audit Plan To Help You Create A Dialog

Dec 23, 2019 2:03:17 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

Over the last few weeks, I have had the pleasure of hearing from readers who have uncovered fraud schemes in their companies. This includes two chief auditors who attributed their ability to locate fraud schemes to my lectures or my fraud auditing techniques. I want to thank these individuals for contacting me. It was very kind of them.

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What Is The Difference Between A Shell Company and Ghost employee?

Nov 25, 2019 7:30:00 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

Over the last six months, I have traveled the world talking about fraud data analytics. I want to thank everyone who has participated in the sessions. I also want to thank the hundreds of individuals who have signed up to receive our monthly blog newsletter.

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Fraud Auditing To Bust Ghost Employees

Oct 28, 2019 1:52:10 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

One of the most popular topics on this blog has been Ghost Employees. I recently sat down for an interview on how fraud auditing can be used to uncover Ghost Employee schemes that I wanted to share with you.

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Uncovering Pass-Through Schemes Involving Real or Shell Companies

Sep 20, 2019 7:13:41 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

At the June 2019 ACFE conference I spoke about Fraud Data Analytics (FDA): How to Locate Complex Vendor Overbilling Fraud Risk Statements. My sessions were sold out, so for those unable to hear my presentation I am writing three blogs that explain three of the four fraud risk statements I covered: Price inflation scheme: hidden entity scheme and now we will cover the pass-through scheme. The fourth fraud risk statement was explained in a blog posted on August 18, 2018.

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Hidden Entity Scheme

Aug 29, 2019 3:25:52 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

At the June 2019 ACFE conference I spoke about Fraud Data Analytics (FDA): How to Locate Complex Vendor Overbilling Fraud Risk Statements. My sessions were sold out, so for those unable to hear my presentation I am writing three blogs that explain three of the four fraud risk statements I covered: Price inflation scheme: hidden entity scheme and the pass-through scheme. The fourth fraud risk statement was explained in a blog posted on August 18, 2018.

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Setting up Audits to Locate Complex Vendor Overbilling by Price Inflation

Jul 23, 2019 5:24:49 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing ...

At the June 2019 ACFE conference I spoke about Fraud Data Analytics (FDA): How to Locate Complex Vendor Overbilling Fraud Risk Statements. My sessions were sold out, so for those unable to hear my presentation I am writing three blogs in which I will explain three fraud statements I covered:

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Fraud Data Analytics: Designing the Fraud Test for the Plan

Jun 13, 2019 3:05:18 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing, ...

In our first blog in a series on fraud data analytics, we identified a ten-step methodology for conducting a fraud data analytics project. In this blog, we will discuss steps nine and ten:

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