Fraud Data Analytics

Audit

IT Audit

Fraud

Length: 15h 49m modules icon

Modules: 12 episodes icon

Episodes: 46On DemandAdvanced24 CPE Credits

Course Overview

Fraud data analytics (FDA) is the process that allows the auditor/investigator to evaluate the entire set of data to identify fraud red flags, which are related to a specific fraud scenario; they will then alert the auditor/investigator to focus on certain transactions and areas to review controls, conduct interviews, and examine source documents to determine whether a fraud scheme is occurring or there is simply an error or mistake. Thus, fraud data analytics aims not to identify fraud but rather to identify red flags that would assist the auditor/investigator generate a sample of transactions to examine further in detail. Fraud data analytics does not replace the ‚Äúold fashion‚Äù audit and investigative procedures of gathering relevant and sufficient evidence to conclude whether a fraud scheme has been perpetrated.

Who This Course is For

Financial, Operational, Internal, IT, and External Auditors; Audit Managers; Fraud Investigators and Managers; Risk and Compliance Managers and Officers; Information Security professionals.

Why You Should Take This Course

For users with an intermediate knowledge of this topic, and are searching for a deeper understanding of its evolving complexities.

Prerequisites

Forensic Auditing Testing for Occupational Fraud

or equivalent experience

Advanced Preparation

None

Here are the learning objectives we’ll cover

What is Fraud Data Analytics
Fraud Data Analytics Program
Cultivating Additional Skills
Travel & Entertainment
Payroll
Credit Cards & P-Cards
Accounts Payable & Disbursement
Shell Companies
Procurement
Anti-Bribery and Corruption (ABC)
Financial Statements - Journal Entries, Revenue and Liabilities
Findings and Value

Here are the topics we’ll cover

1. What is Fraud Data Analytics?
- Fraud Overview
- Fraud Schemes and Red Flags
- Fraud Data Analytics Team
- Tools and Resources
- General Testing Methodologies

ACI Learning is registered with NASBA

ACI Learning is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org/

Attendance policy for on-demand, self-paced training

Students enrolled in on-demand, self-paced courses are expected to take an active role in their learning by progressing through the course materials in a timely and consistent manner. Because these courses are self-directed, full completion of all modules, videos, labs, and assessments with a passing score of 70 are required to receive credit and any applicable CPEs. Learners are encouraged to set a regular study schedule to stay on track and maximize comprehension. CPE credits will be awarded based on the total course hours and verified completion of all required activities.