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Idea Audit Net Ad (3 Jul2019)
Fraud detection and prevention analytics

Published October 07, 2019 13:08

Audit Net.72.SmStray Dot Logo The median duration for all of fraud cases is 16 months and the longer a fraud goes undetected, the larger the scheme will grow. Fraud can be especially devastating to small businesses. They lose almost twice as much per fraud scheme than larger companies. Data monitoring, analysis and surprise audits were correlated with the largest reductions in fraud loss and duration. Yet, only 37% of victim organizations implemented these controls.
If you are an Internal auditor, fraud examiner, CPA, controller or accountant and need fraud detection analytic tools to help with fraud investigations, business of financial fraud audits or reviews, check out Stray Dot Analytics. Their analytics engine can help you.

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