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Occupational Fraud and Abuse Classification System "2010 Report to the Nation on Occupational Fraud and Abuse. Copyright 2010 by the Association of Certified Fraud Examiners, Inc." Detection of Fraud ‐ Government Fraud Schemes (All Cases) – Median length of time prior to detection is 18 months for all entity types – Range 12 months to 27 months "2010 Report to the Nation on Occupational Fraud and Abuse. Copyright 2010 by the Association of Certified Fraud Examiners, Inc." 6
Why Perform Data Analysis? Convert the 5% By Accident to Not By Accident Find It On Your Terms Not Someone Elseʹs All organizations should perform comprehensive Data Analysis Why Perform Data Analysis? (con’t) • How many of you in the audience sign the year‐end representation letter to the external auditors? • Key representations: – Responsible for internal control environment – No known significant deficiencies in the design of or operation of internal controls – Acknowledge responsibility for the design and implementation of programs and controls to prevent and detect fraud – No known material instances of fraud • Fiduciary responsibility as a member of the executive management team • Convert the “Isolated Occurrence” comment to a thing of the past 7
Page 1 and 2: Mining for Gold: Data Mining & the
Page 3 and 4: Why Should We Perform Data Analysis
Page 5: Types of Fraud Asset Misappropriati
Page 9 and 10: Various Types of Data Capital Asset
Page 11 and 12: Dallas County Best Practice Award P
Page 13 and 14: Irregularities • Accounts Payable
Page 15 and 16: Irregularities • General Ledger -
Page 17 and 18: Data Interrogation • Pattern and
Page 19 and 20: Benford’s Law Analysis •Data se
Page 21 and 22: 34 . 2 1 I dm ep nl te im fe yn t I

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