Fraud Analytics in Internal Audit

The Institute of Internal Auditors Presents: All Things Internal Audit Tech

In this episode, Ernest Anunciacion and Tom Keaton discuss the evolving role of fraud analytics in internal auditing. They cover how data analytics and AI can improve fraud detection and prevention, along with the challenges and practical strategies for success.

Host: 
Ernest Anunciacion, CIA, head of product marketing, MindBridge
https://www.linkedin.com/in/ernestanunciacion/
Guest: 
Tom Keaton, CIA, CRMA, CFE, CISA, director of Internal Audit, Crown Castle

Key Points

Introduction [00:00-00:00:06] Ernest’s background [00:00:07-00:00:54] Tom’s background [00:00:55-00:01:50] Impact of data analytics and AI on fraud detection [00:01:51-00:04:27] Challenges in implementing data analytics in internal audit [00:04:28-00:07:06] Using data analytics for fraud investigation [00:07:07-00:09:32] Predictive analytics and identifying fraud trends [00:09:33-00:12:06] Continuous monitoring vs. early warning dashboards [00:12:07-00:15:45] Skills required for fraud analytics [00:15:46-00:19:03] Role of AI in fraud investigations [00:19:04-00:24:04] Future of AI in internal audit [00:24:05-00:25:27] Interesting fraud investigation stories [00:25:28-00:29:00] Closing remarks [00:29:01-00:30:03]

The IIA Related Content Interested in this topic? Visit the links below for more resources:

-Fraud Analytics for Internal Auditors Certificate
https://www.theiia.org/en/products/learning-solutions/course/fraud-analytics-for-internal-auditors-certificate

-Targeting Fraud With Data Analytics
https://internalauditor.theiia.org/en/articles/2022/february/targeting-fraud-with-data-analytics/

-Global Knowledge Brief: Data Analytics: Part 2: Gathering, Understanding, and Visualizing Data
https://www.theiia.org/en/content/articles/global-knowledge-brief/2022/november/data-analytics-part-2-gathering-understanding-and-visualizing-data/

Visit The IIA’s website for related topics and more.
https://www.theiia.org/

Resources Mentioned

-The IIA’s Updated AI Auditing Framework
https://www.theiia.org/en/content/tools/professional/2023/the-iias-updated-ai-auditing-framework/

-2025 Fraud Virtual Conference
https://www.theiia.org/en/events/conference/virtual-conferences/fraud-virtual-conference/

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