ACFE Findings Suggest It's Time to Start Monitoring Travel & Expense (T&E) Transactions The ACFE 2014 Report to the Nations reports that 15% of all frauds involve expense reimbursements with the average time for detection being 24 months, at which point almost 90% of the proceeds lost are unrecoverable. As organizations continue to empower their employees to make their own business purchases, it has become increasingly more important for business stakeholders and internal audit teams to have a complete overview of their Travel and Expense (T&E) processes. The automated monitoring of travel and expense transactions can help detect non-compliant expenses before improper reimbursements are made. Learn More |
Conversation Corner: Strategic Planning Can Help Define Internal Audit In a recent blog post, Richard Chambers, President and CEO of The Institute of Internal Auditors, shared his thoughts on how internal audit departments can go from good to great. He highlights the "one trait that distinguishes the best internal audit functions from the pack: a commitment to comprehensive strategic planning." How do you integrate data analytics into your strategic planning? Share your response with us via the IDEA User Group. Not a member? Click here to join for free.
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IDEA Tech Tip The Tab Delimited export option, now part of the Text Delimited export task, has inherited additional options such as a field and decimal separator selection. Using the Text Delimited export task, you can export a database as a Tab Delimited file by entering "T" or "t" as the field separator. |
What Are IDEA Users Reading? Fraud and Fraud Detection: A Data Analytics Approach Available from Wiley Publishing Unlocking the Value of Audit Analytics: Stakeholder Expectations Written By: Andrew Simpson, Chief Operating Officer for CaseWare Analytics
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AuditNet® Premium Content for Supported Users
AuditNet® is the leading online portal for the global audit community, hosting a comprehensive catalogue of audit procedures. Their premium content is now available to supported IDEA users via the IDEA Support Site.
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Look for Us at These Events...
Western Union Compliance Conference September 15th - September 18th Denver, Colorado
The Western Union Compliance Conference provides you with the latest information on consumer protection efforts, regulations, enforcement trends and strategies used to detect and combat fraud, terrorist financing and money laundering.
IIA Philadelphia Chapter Webinar Detect an Prevent Procurement Fraud using Data Analytics September 25th at 2pm EST
Learn how internal auditors and finance professionals can use data analysis and continuous monitoring techniques to detect and prevent procurement fraud. Click here to register for this webinar.
IIA Canada National Conference October 5th - October 8th Ottawa, Ontario
The IIA Canada's National Conference will provide attendees with the knowledge they need to deliver exceptional value to their organization's key stakeholders during this time of rapid change.
While you are at the conference be sure to attend Andrew Simpson's session on "Positioning Internal Audit for the Future" on Monday, October 6th at 4:10pm.
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