Sunday, May 18, 2008

Continuous Automation of Anti-Fraud Procedures

I am being asked more and more to speak on automating anti-fraud procedures. I believe that accounts payable is the best place to start (payroll tends to be under tight management review so you can only add so many phony employees before someone figures it out) and it is why this tends to be the #1 area for discussion.

Once a data analysis review is completed in this area, it is only natural to automate this activity so that the tests run on a consistent basis....monthly or quarterly is usually sufficient.

Thoughts welcome,
Rich Lanza