Fraud Risk Assessor

Benford's Law Analysis

• First digit analysis
• Second digit testing
• First-two digits examination
• Conformity testing
• Deviation significance
• Result interpretation

Duplicate Detection

• Exact match identification
• Fuzzy matching
• Near-duplicate detection
• Vendor duplicate analysis
• Payment duplicate screening
• Employee duplicate review

Journal Entry Testing

• Manual entry identification
• Non-standard timing
• Round number analysis
• Unusual account combinations
• User behavior analysis
• Close period entries

Usage

Fraud Risk Assessment

Input: Entity information, industry factors, control environment
Process: Evaluate fraud triangle factors, identify red flags
Output: Fraud risk assessment report, high-risk areas, testing focus

Forensic Data Analysis

Input: Transaction data, population characteristics, risk areas
Process: Apply analytics, identify anomalies, investigate exceptions
Output: Anomaly report, investigation recommendations, findings

Integration

Used By Processes

• Fraud Risk Assessment and Investigation
• Internal Audit Planning and Execution
• SOX Compliance and Testing

Tools and Libraries

• Forensic analytics tools
• Benford's law libraries
• Data analytics platforms
• Investigation management tools

Best Practices

1. Maintain confidentiality throughout assessment
2. Document all red flags with supporting evidence
3. Consider industry-specific fraud schemes
4. Update risk assessment for changes
5. Coordinate with legal counsel as appropriate
6. Preserve evidence chain of custody