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Using data analytics to detect and prevent fraudulent activity

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Data analytics can be a powerful addition to your company's controls. Using data analytics to detect and prevent fraudulent activity, a Risk & Compliance magazine Q&A, highlights key benefits of data analytics. Learn:

  • What role data analytics can play in your control environment
  • Key issues for companies considering data analytics
  • How data analytics differs from and augments traditional sampling-based controls
  • The role historical data analysis plays in data analytics
  • What automated data analysis can add to your control environment
  • How data analytics leverages Benford's law and other statistical techniques
  • How data analytics will evolve in the near future

Data analytics can strengthen your control environment and serve as a powerful deterrent against fraud. It can also help your company catch small frauds that might escape traditional sampling-based control methods. Read Using data analytics to detect and prevent fraudulent activity today to learn more about this powerful internal control option.

 

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