Leveraging Analytics for Fraud Audits

Fraud Management & Cybercrime

Forensics Expert Vincent Walden on Using Risk Scoring Suparna Goswami (gsuparna) • July 14, 2020    
Vincent Walden, managing director, Alvarez and Marsal

Data analytics can help auditors identify high-risk areas - a far better approach than relying on random samples, says Vincent Walden, managing director at Alvarez and Marsal.

See Also: 2021: A Cybersecurity Odyssey

"You need to look at the entire data set and analyze it based on risk scoring," Walden says.

In this video interview with Information Security Media Group, Walden also discusses:

Aspects of internal audits where data analytics is helpful;

A case study of how data analytics has helped identify high-risk areas;

The challenges of applying data analytics.

Walden, managing director at the New York-based consultancy Alvarez & Marsal's disputes and investigations unit, specializes in forensic data analytics, continuous controls monitoring, information governance and legal discovery services. He provides technology perspectives on proactive compliance programs as well as reactive investigations.

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