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How to Use Data Analytics to Find Fraud

MIS Training Institute
Course summary
3 days
Open / Scheduled

How to Use Data Analytics to Find Fraud

How to Use Data Analytics to Find Fraud

This course will give you the techniques, confidence and ability to analyse raw data, and develop tests and algorithms to transform this data into intelligence and knowledge which can be used to discover the red flags of fraud and corruption. The course which goes far beyond data mining and CAATs will be based around realistic fraud and corruption cases. As part of the learning process you will be given fit-for-purpose data files and transactions to analyse on either your own computer or one provided by the organisers.

By attending this course, you will:

  • Learn cutting edge techniques that have located fraud that was hidden in company financial information
  • Focus on proven methodologies and programmes
  • Combine fraud risk assessments and data analytics to respond to the risk of fraud
  • Build data interrogation search routines into your fraud risk assessment and testing programmes to uncover the red flags of fraud
  • Fine tune your technical skills - turn raw data into knowledge to help identify the red flags of fraud and corruption

Training Course Content

Day One

Making the leap forward from simple data mining to fraud analytics

  • What is red flag identification?
  • The Footprint of Fraudulent Transactions (how to spot the red flags)
  • Integrating fraud detection into your program
  • Analysing data to find the red flags - an introduction to some basic functions to identify fraud in payments, procurement, sales, accounts, expenses, inventory etc...

Day Two

Developing structured data analysis to find fraud

  • Data analysis and building a model to find red flags
  • Examining the available tools and making choices of where to use which tool
  • Discover the best tests to find fraud and red flags in ALL areas of the business and how to use data and analytical methods
  • Creating a set of "key fraud" indicators and a fraud dashboard

Day Three

How to build sustainable models to regularly find fraud

  • Structured data analysis to find fraud - the next level
  • Developing the ultimate algorithms
  • Using and extending the dashboard
  • Developing a robust data model
  • Presenting the findings in a way which is understandable to management


This course costs £ 2,245

Provider: MIS Training Institute

MIS Training Institute - Audit, IT Audit & IT Security Training

Founded in 1978, MIS Training Institute (MISTI) is the international leader in internal audit, fraud, IT audit and information security training. MISTI's expertise draws on experience gained in training more than 200,000 delegates across five continents.  Helping audit and information...

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Contact information for MIS Training Institute

MIS Training Institute

MIS Training Institute
30 Crown Place
EC2A 4EB London

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