Mitigating financial fraud risk with data analytics

The risks associated with financial fraud that modern CFOs face today is particularly high. The same report examined Accounting and Auditing Enforcement Releases (AAERs) issued by the Securities and Exchange Commission (SEC) in the US from 2014 to 2019 and found that while the SEC frequently charged...

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Bibliographic Details
Main Authors: GOH, Clarence, PAN, Gary
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2021
Subjects:
Online Access:https://ink.library.smu.edu.sg/soa_research/1950
https://ink.library.smu.edu.sg/context/soa_research/article/2977/viewcontent/Mitigating_financial_fraud_risk_with_data_analytics_av.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:The risks associated with financial fraud that modern CFOs face today is particularly high. The same report examined Accounting and Auditing Enforcement Releases (AAERs) issued by the Securities and Exchange Commission (SEC) in the US from 2014 to 2019 and found that while the SEC frequently charged the person directly responsible for perpetuating the financial fraud, the CFO was among the most commonly charged employees. Data analytics techniques can play an important role in mitigating the risk of financial fraud for CFOs.