This session will introduce Data & Analytics in the context of Fraud Risk Management, and aims at providing a framework, a mindset and some data-driven techniques to maximize the insights we extract from financial information. Along the way, we’ll discuss common anomalies which are likely to trigger interesting discussions – and perhaps some clues linked to possible cases of fraud.

Learning Objectives

By the end of this course, participants should be able to:

• Gain basic knowledge of data-related language and key characteristics
• Identify the key factors which make Data & Analytics techniques relevant in certain situations, as well as the expecting benefits of doing so
• Develop a broad method framework, from data extractions to delivery of results
• Identify the common mistakes and pitfalls which can jeopardize a data-oriented approach
• Gain a basic understanding of key data manipulation applied to the context of fraud risk management

Content

• Why is it important to discuss Data & Analytics as CPAs
• Data basics: develop a common language and engage with… IT!
• Getting the right data in the right format (it can be 90% of the work)
• Approach to a data-driven project: people, process, technology… and compassion.
• Getting our hands dirty: data manipulations in action, finding anomalies and potential frauds
• Delivering your results: the importance of data visualization in the process

Prerequisites – Knowledge, Experience or Courses

Good understanding of key accounting cycles (procurement, payroll), basic knowledge of accounting software and/or Excel-like tools.

Applicable For

Accountants who seek efficiencies in their analytical workflows, who face potential fraudulent situations or seek to identify accounting anomalies quickly and without large resources involved. 

What to Expect

•  Two emails will be sent from CPA Manitoba following your registration: one to confirm your order and one including information on how to access the course through your Learning Hub.
•  Once sent, these emails can also be found in the Communication tab of your CPA Manitoba Member Portal.
• This course is designed for participants to view while following along with the course material provided.
• This self-study course allows you to save your progress and return to continue at a later date. 
• A certificate of completion can be provided.*  

Access to this course will be available for 180 days after registration. After this time, access to the course will no longer be available. 

*To receive a certificate of completion, users must complete all course elements, including a short quiz at the end of the course. Unlimited quiz attempts are available until a passing grade of 80% or better is achieved. After you have achieved 80% or better, you will no longer be able to access the quiz. 

CPA Manitoba PD Terms and Conditions: https://cpamb.ca/pd/pd/Terms-and-Conditions.aspx
For questions regarding this course, including registration and access, email [email protected].