This practical session demonstrates how firms can use AI and data analytics to strengthen fraud detection processes and improve audit efficiency.

Course Content:

Technology is transforming how fraud risks are identified and investigated. This session explores practical methods firms can use to detect anomalies, suspicious transactions, duplicate payments, payroll irregularities, and manipulation of financial data using AI tools and analytics techniques. Participants will learn how technologies such as Excel Power Query, AI-assisted analytics, and automated review procedures can enhance fraud detection processes.

The session also discusses the auditor’s responsibilities relating to fraud under applicable auditing standards and the importance of maintaining professional scepticism when relying on automated systems.

Key Topics Covered:

• AI-assisted fraud detection techniques
• Journal entry testing examples
• Identifying unusual patterns using analytics
• Red flags in payroll and supplier data
• Auditor responsibilities under auditing standards
• Practical examples using Excel, Power Query, and AI tools

Who Should Attend:

• External auditors
• Internal auditors
• Forensic investigators
• Accountants
• Risk professionals
• Compliance officers
• Financial managers
• Audit trainees