Course Materials
Data Driven Fraud Detection
Data driven fraud detection may take many forms. These are just a few examples of how one might go about analyzing data to detect fraud.
Research Paper
Data Analytics Project: Chapter 6 - Case Study 2 - Data File
Please write your professor a memo outlining four red flags of potential fraud located in this data-file. You will receive 20 points per properly located and described red flag located in the data-file, for a maximum of 80 points. Please write at least one complete paragraph, not just three sentences, describing the red flag. Use this data-file for the Data Analytics Project. Please let me know if you have any questions.
Exam 1 PowerPoints
Who is the Typical Fraudster
KPMG Spots Red Flags for Identifying
Who better to teach CPAs how to spot fraud than the perpetrators?
The Great Cyberheist
Fraud Prevention Checklist
FBI Email
Snapshot of Workplace Fraud
Exam 2 PowerPoints
The current boom in wine investment is giving scammers the chance to con investors out of thousands of pounds.
French and Chinese wine authorities are collaborating in an effort to fight counterfeit bottles and educate Chinese consumers and importers.
Counterfeit bottles can fetch HK$40,000 ($4,800) on the market. Waiters in some upscale restaurants in China have been under instructions to smash bottles of fine wine after they are emptied, according to Delish.
FBI: Woodburn man made $10,000 a month shoplifting and selling items on eBay
A group of men created their own department store on eBay by stealing from actual stores and posting the boosted items online, authorities said Thursday.
Sample Fraud Report
Exam 3 PowerPoints
FBI arrests Temecula man, 19, in 'sextortion' of Miss Teen USA
Jared James Abrahams is accused of cybercrimes for allegedly hacking into victims' accounts,
according to charges unsealed Thursday.
$8 Million Fraud
Lessons from an $8 Million Fraud - educational purposes only.
For Master Thieves, Legos Are the New Uncut Diamonds
A pair of back-to-back Lego heists last week exposed a flourishing trend in the criminal underworld that's been quietly building for years. Stolen Legos are as untraceable as cash.
Five Paragragh Essay
How many paragraphs in a five-paragraph essay?
5 (five)
Bitcoin
The IRS Is Puzzled: Why Out Of 500,000 Coinbase Users, Only 900 Reported Gains Or Losses
Almost exactly one year ago, the IRS realized that it could be leaving billions of dollars on the table in the form of uncollected taxes, and launched a tax-evasion probe on the largest US Bitcoin exchange, Coinbase, seeking to identify all Coinbase users in the U.S. who “conducted transactions in a convertible virtual currency” from 2013 to 2015.
$52 Million Worth of Rare Scotch May Be Fake
On the secondary market, those 21 whiskies were estimated to be worth over $800,000 per bottle — assuming they were legitimate. And extrapolating those numbers further, Rare Whiskey 101 believes that about $52 million worth of fake “rare” whisky is currently floating around the secondary market, be it in auctions, at retail, or held in private collections.
Fraud Detection using Data Analytics
Introduction to Data Analytics: Data analytics, as it applies to fraud examination, refers to the use of analytics software to identify trends, patterns, anomalies, and exceptions within data. (This PP is solely presented for educational purposes.)
Data Analytics on the CPA Exam
Data Analytics lecture notes
In general, data analytics is defined as the process of examining data sets in order to draw conclusions about the information they contain. Accountants already work with data and data analytic outputs to assess business performance within the framework of accounting principles and methods and to identify trends and unusual items requiring further investigation.
Red Flags for Fraud