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

About the Author

DELENA D. SPANN, MSc, CFE, is employed with the United States Secret Service, Chicago Field Office, where she is assigned to the Electronic and Financial Crimes Task Force.
Spann routinely serves on high-profile financial crimes investigations that include detecting red flags, trends, and anomalies in complex financial transactions. She is frequently called upon as a guest speaker on her expertise in fraud analytics and financial crimes. She is dedicated to the study of white-collar crime.
Spann holds a bachelor's degree in liberal studies from Barry University and a master of science degree in criminal justice administration from Florida International University. She is Board of Regent (Emeritus), an Advisory Board Member, and Higher Education Committee Member of the Association of Certified Fraud Examiners; a Board of Director of ASIS International Economic Crime Council; Education Task Force Member of the Association of Certified Anti-Money Laundering Specialists; Advisory Board Member at Robert Morris University; Executive Director of the Association of Certified Fraud Examiners, Greater Chicago Chapter; a Threat Finance Task Force Member of the Association of Certified Financial Crimes Specialists; and Board of Director (Emeritus), Step Women's Network of Chicago. Spann also serves as an adjunct professor at the university/college level.

From the Back Cover

FRAUD ANALYTICS

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.

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
• Language: English
• ISBN 10: 111823068X
• ISBN 13: 9781118230688
• Binding: Hardcover
• Edition number: 1
• Number of pages: 176