Fraud Analytics: Strategies and Methods for Detection and Prevention - Hardcover

Spann, Delena D.

Hardcover

ISBN 10: 111823068X ISBN 13: 9781118230688

Publisher: Wiley, 2013

Synopsis

Proven guidance for expertly using analytics in fraud examinations, financial analysis, auditing and fraud prevention

Fraud Analytics thoroughly reveals the elements of analysis that are used in today's fraud examinations, fraud investigations, and financial crime investigations. This valuable resource reviews the types of analysis that should be considered prior to beginning an investigation and explains how to optimally use data mining techniques to detect fraud. Packed with examples and sample cases illustrating pertinent concepts in practice, this book also explores the two major data analytics providers: ACL and IDEA.

• Looks at elements of analysis used in today's fraud examinations
• Reveals how to use data mining (fraud analytic) techniques to detect fraud
• Examines ACL and IDEA as indispensable tools for fraud detection
• Includes an abundance of sample cases and examples

Written by Delena D Spann, Board of Regent (Emeritus) for the Association of Certified Fraud Examiners (ACFE), who currently serves as Advisory Board Member of the Association of Certified Fraud Examiners, Board Member of the Education Task Force of the Association of Certified Anti-Money Laundering Specialists ASIS International (Economic Crime Council) and Advisory Board Member of the Robert Morris University (School of Business), Fraud Analytics equips you with authoritative fraud analysis techniques you can put to use right away.

About this title

From the Back Cover

Praise for Fraud Analytics

"In Fraud Analytics, Delena Spann meticulously reminds us that technology has redesigned the world for the good guys and the crooks. If law enforcement is to keep up, then we must utilize the best tools to thwart the efforts of white-collar criminals whose impact devastates our economy. She articulately and technically apprises the good guys on how to detect the practices of America's most prolific criminals. This is a must-have book."

—Dr. Jeffrey Dean Swain, JD, PhD, Criminal and Constitutional Law, Florida Memorial University

"As a professor of audit and forensic accounting, Fraud Analytics is the reference book I have been waiting for. Clear, no-nonsense instructions will allow me to use this text in my graduate and undergraduate fraud detection courses as the one guide to forensic tools and fraud-fighting strategies."
—Peg Berezewski, CFE, CGMA, CPA, Professor, Robert Morris University, Illinois

"At last! We finally we have a definitive, understandable book written about the technical subject of fraud analytics. Delena Spann shares her expertise with us through clear explanations and case studies. Having been associated with Ms. Spann for fifteen years, I am pleased that her insights are communicated with this valuable book for fraud examiners, auditors, and financial investigators. We are utilizing her analyses with our clients and in our seminars."
—David S. Marshall, MBA, CFE, CISA, Principal, Infotech Global Audit and Security, Inc., and Corporate Compliance Seminars; President, Greater Chicago Chapter, Association of Certified Fraud Examiners

"This book is an outstanding primer in the area of fraud analytics. It provides a significant overview of the threats and impact that fraud has on the private and public sectors as well as identifies and describes current solutions and analytic techniques to address this. Fraud Analytics is a terrific contribution to the national security community and more specifically to anyone interested in fighting fraud."
—Jill D. Rhodes, JD, LLM, Vice President and Chief Information Security Officer, Trustmark Companies; former executive, Senior National Intelligence Service

From the Inside Flap

Looking for less theory and more hands-on methods for finding and flinging fraud from your business? Packed with countless software options and helpful tools, Fraud Analytics is the ultimate guide, with proven fraud detection and prevention strategies to get you started.

Fraud Analytics presents an effective approach to fraud detection that discovers unusual patterns, identifies masses of red flags, and aligns trends. Author and renowned fraud analysis expert Delena D. Spann equips you—whether you are an auditor, investigator, analyst, or accountant—with new ways of conducting fraud analysis that will broaden your ability to try new and diverse tools.

With case studies in each chapter and methods for identifying specific areas of fraud risk and fraudulent activities, this timely book covers:

• The schematics of fraud and fraud analytics
• The evolution of fraud analytics
• The analytical process
• Using ACL analytics in the face of Excel
• Fraud analytics versus predictive analytics
• Detecting fraud with IDEA data analysis software
• Centrifuge analytics—is big data enough?
• i2 analyst notebook and fraud analytics
• New trends in fraud analytics and tools

Don't wait to respond to fraud after the fact. Read Fraud Analytics to get your business into a proactive fraud detection environment that identifies potentially threatening actions before they occur.

Edition details

• Publisher: Wiley
• Publication date: 2013
• ISBN 10: 111823068X
• ISBN 13: 9781118230688
• Binding: Hardcover
• Language: English
• Edition number: 1
• Number of pages: 176