Leveraging Data Science to Identify Fraudulent Scientific Studies

Leveraging Data Science to Identify Fraudulent Scientific Studies

A recent article in The Atlantic discussed how a scientific researcher is leveraging new software to address the issue of fraud in scientific studies. Though typically I focus more on the application of analytics for occupational fraud, this article showcases how unstructured data (data that doesn’t fit nicely into a row/column or tabular format) can be used to identify red flags of fraud. 

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ACFE Publishes 10th Edition of the Report to the Nations

ACFE Publishes 10th Edition of the Report to the Nations

With the publication of the 2018 Report to the Nations, I am struck by how this study, like the Association of Certified Fraud Examiners itself, is in many ways a tribute to the vision and dedication of our founder and chairman, Dr. Joseph T. Wells, CFE, CPA. When Dr. Wells created the ACFE, he did so because he recognized there was a fundamental flaw in how organizations were attempting to prevent, detect, and investigate fraud.

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Accounting Malpractice and the Auditor’s Responsibility to Detect Fraud

Accounting Malpractice and the Auditor’s Responsibility to Detect Fraud

In the case of Livent, Inc. v. Deloitte & Touche the Ontario Court of Appeal upheld a 2014 decision ordering Deloitte & Touche (Deloitte) pay $118 million in damages to a theater company (Livent, Inc.) for which Deloitte performed auditing services. Why was Deloitte held accountable for such a large sum?

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Supporting Whistleblowers Begins with Semantics

Supporting Whistleblowers Begins with Semantics

In 2003, the ACFE awarded its first Sentinel Award to its namesake, Oscar-winning actor Cliff Robertson, “For Choosing Truth Over Self.” Robertson, known as “The Whistleblower of Hollywood,” courageously exposed and pressed for the investigation of the then- head of Columbia Pictures for check forgery.

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Cybersecurity Expert Warns GDPR Could Create New Extortion Opportunities

Cybersecurity Expert Warns GDPR Could Create New Extortion Opportunities

Dr. Jessica Barker addressed hundreds of anti-fraud professionals yesterday at the 2018 ACFE Fraud Conference Europe and told them that a new weak point in organizations’ cybersecurity might stem from an unlikely source — General Data Protection Regulation (GDPR) compliance. “One of the speculations about what we will see with GDPR is more extortion around hacks,” she said.

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