Detecting and Preventing Fraud Using Data Mining

Sponsored in part by

Fraudulent Financial Reporting and Concealment of Fixed Asset and Inventory Fraud

Wed., October 6, 2010, 11AM -1PM EDT.

In January, 2009, the Institute of Internal Auditors implemented a new Standard making auditing for fraud MANDATORY for internal auditors. Not at all surprising in light of the growing frequency and cost of financial and accounting frauds in organizations around the globe. A critical related IIA standard says this: “Auditors must consider use of technology-based audit and other data analysis techniques.”

And in fact all three of the leading fraud and audit associations, the AICPA, ACFE, and IIA, recommend the use of this technology to detect fraud. As part of its ongoing Webinar Program, Fraud-Auditing Skills Training (FAST), AuditNet and FraudAware are co-hosting a unique Webinar Series, “Detecting and Fraud Using Data Mining Techniques”.

This essential “how-to” series of educational events is being offered in response to the high and rapidly increasing demand for knowledge about how to efficiently and inexpensively detect fraud using today’s top audit automation tools.

Our special guest presenter, Angela Clancy will again demonstrate the amazing powers of data-mining tools for catching fraudsters. This time she shows how to identify employees who steal inventory and other assets, conceal their thefts and falsify the books to cover their tracks.

What you will learn:

Phantom inventory: How to know what’s really in your warehouses and what’s not
How managers conceal inventory and capital asset theft by reporting fraudulently inflated values
Case studies of inventory/fixed asset theft and concealment
Easy but effective data analytics tests that reveal red flags of inventory theft and asset value misstatement
What to do once your data analytics work has uncovered signs of inventory fraud

Date: Wed. October 6, 2010, 11AM -1PM EDT.
Time: 11AM -1PM EDT (Eastern, GMT -0500)
CPE: 2.0 Credits
Level: Intermediate

Cost: $150

For the details on how to purchase the recorded Webinar click here!

Your presenters:

Jim Kaplan, CIA, CFE, President of Auditnet
Peter Goldmann, President of White-Collar Crime 101/FraudAware

Special Guest Panelist:

Angela Clancy, CA, Manager, RGL Forensics. Angela has over six years of international experience in investigative accounting which includes her current responsibilities as a Manager in forensic accounting and consulting firm of RGL Forensics.

Throughout her career she has utilized electronic data analysis to effectively to conduct a variety of accounting fraud investigations. She has been responsible for the development of training programs to assist in the application of investigative data management techniques.

Angela began her career in Melbourne, Australia where she focused her practice on the quantification of financial assets for a variety of industries. Her experience there included a concentration on mergers and acquisitions, fraud investigation, due diligence assignments and compliance audits. Ms. Clancy joined RGL Forensics in 2008 and has since focused her attention on RGL’s fraud, insurance and litigation cases. This experience has seen her involved in, among other things, mortgage fraud, vendor fraud and fraud kickback schemes.

FREE BONUSES for all attendees of this Webinar include:

Special Report: Introduction to Fraudulent Financial Reporting by Peter Goldmann, MSc., CFE ($40 value).
Special Report: Computer and Internet Fraud Crime: Expert Insight and Advice to Protect Your Organization ($85 value).

AuditNet Fraud Audit Inventory and Fixed Assets Workbook (value $50)

U.S. GAO Best Practices in Achieving Consistent, Accurate Physical Counts of Inventory and Related Property

To sign up for this event click on the above link or call

AuditNet 703-255-3388 or

1-800-385-1625 (US Only)

Feedback from Attendees at Previous AuditNet-FraudAware Webinars:

Our staff members enjoyed the webinar on accounts payable fraud. A great panel of speakers and lots of very useful information, Alan Ash, Director, Auditor General's Office, Toronto, Canada

Excellent webinar today, I got a lot out of it, Gail B. Benson, CISA, CIA, CSSA, Anti-Fraud Consultant, Guilford, CT

Thank you for putting on today's webinar. I look forward to others organized by you. Robert Medwid, CPA, CIA, Internal Audit, Legal and General America Inc, Rockville, MD

* Attendees registering now for individual and enterprise licenses will also receive access to the recording and presentation slides for the previous Webinars in the series. You will also have access to the recording and presentation for any Webinar you cannot attend due to scheduling conflicts.