How vendor is related to an employee

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Reference no: EM132475764

Data Reduction Auditors use data reduction to focus their efforts on testing internal controls and limiting their scope. For example, they may want to look only at transactions for a given year. In this lab, you will learn to use ?lters in Excel and perform some fuzzy matches on vendor and employee records, a common auditor analysis. Company summary These data are for a generic manufacturing company. You have been asked to see if there are any potentially ?ctitious vendors or employees who may have created fake companies in an effort to commit fraud.

Part 1: Identify a problem that will require data reduction techniques.

Part 2: Master the data and prepare for analysis.

Part 3: Perform data reduction.

Part 4: Identify the Problem Fictitious vendors represent risk to a company. One way employees can embezzle funds from a company is to create a ?ctitious vendor and then submit an invoice for services that were never performed. Where there are poor internal controls, the employee receives the payment and deposits the check. 1.

Problem 1. What data do you think might exist to show that a vendor is related to an employee? Which attributes would you focus on?

Reference no: EM132475764

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