Fraud Analysis and Detection: Using Benfords Law and Other Effective Techniques

NASACT, in conjunction with the Association of Government Accountants and the Association of Local Government Auditors, is pleased to announce the latest in its series of training events addressing timely issues in government auditing and financial management. Would you like to know how to mine data as part of a fraud investigation? If so, this highly interactive webinar will show you how to conduct fraud investigations using data analytics. You will also gain an understanding of the concepts behind Benford's Law and how to apply statistical tools when reviewing financial records for fraudulent activity. The training includes an interactive demonstration of Benford's Law using data provided by participants. You will also learn about other real world methods to identify outliers that could indicate fraud or performance issues. These techniques have been used by the Oregon Audits Division to help put many fraudsters behind bars. The training will include demonstrations of how to use both ACL and Excel in applying these techniques. Concepts and techniques presented in this webinar can be applied by auditors, comptrollers or treasurers – essentially anyone wishing to detect fraud in government payments or programs.