Fraud Auditing, Detection, and Prevention Blog

Examining the Words the Audit Profession Uses to Describe Responsibilities

Apr 19, 2023 5:17:13 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Auditing, ...

This is the second of three blogs looking at the state of the auditing profession. In the first blog, we looked at what has changed as companies have grown and gone global. In this article, we’re considering the use of words and the significance of precision.

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The State of the Auditing Profession in 2023 - Part 1

Mar 20, 2023 5:08:11 PM / by Leonard W. Vona posted in forensic accounting, Fraud Auditing, ...

As business systems have grown more complex and moved into a digital world, they’ve created more opportunities not only for fraud but also for uncovering fraud. It is my contention that auditing should be the number one reason for exposing fraud. And that requires a shift in mindset as well as the right techniques.

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What is High Fraud Risk? A Different Perspective

Jan 19, 2021 9:51:44 AM / by Leonard W. Vona posted in Fraud Auditing, Fraud Detection, ...

There is an urgent question that I don’t think has been asked often enough: Is the conventional professional view of fraud risk broad enough to protect companies from both monetary and non-monetary impact associated with internal fraud?

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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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Fraud Data Analytics: The Process of Selecting Transactions for Fraud Testing

May 21, 2019 8:00:27 AM / 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 seven and eight:

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Fraud Data Analytics: Eight Critical Steps to Building Your Search Routines

Apr 18, 2019 8:29:16 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Risk Statements, ...

 

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Uncovering Fraud Using Fraud Data Analytics: Part 3 + 4

Mar 26, 2019 4:55:40 PM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Risk Statements, ...

Fraud Analytics: Planning considerations

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Fraud Data Analytics: Which data mining strategy is appropriate for the scope of the fraud audit?

Feb 14, 2019 4:28:28 PM / by Leonard W. Vona posted in Fraud Auditing, Fraud Based Approach, ...

Fraud Data Analytics: Selecting the Strategy

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 step three:

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Fraud Data Analytics: The Planning Phase

Jan 8, 2019 5:28:27 PM / by Leonard W. Vona posted in Fraud Auditing, Fraud Based Approach, ...

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 one and two.        

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Uncovering Fraud Using Fraud Data Analytics: Part 1

Dec 1, 2018 7:45:04 AM / by Leonard W. Vona posted in Fraud Data Analytics, Fraud Risk Statements, ...

This blog is the first in a series of seven to explain how to perform fraud data analytics. It introduces a ten-step approach along with explaining the concept of fraud auditing.

For years, auditors, myself included, would launch a fraud detection project by getting the data and playing with the data. At least that was the expression. We hoped to trip across a fraud scheme.  We had no specific plan, just a simple goal: Find fraud. We did not know what we were looking for, but we were looking. Eventually, we hoped to find something. But, those days are over.

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