Data analytics is a powerful tool in fraud detection and is often used to search for signs
Question:
a. The article discusses a purchasing fraud that occurred in a state government agency. What was the nature of the internal controls over the purchasing function in the agency that provided the opportunity for fraud to occur? What were the incentives of the purchasing department to commit the fraud?
b. How can data analytics tools be used to detect fraud in the purchasing function?
c. Describe three analyses a fraud examiner could perform to detect fraud related to a particular vendor (e.g., calculate year-to-year percentage changes in total purchases from each vendor).
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Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0134065823
16th edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
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