Detecting Outliers Using Data Analytics
In the realm of transaction testing, be it vendor invoices, GL postings, or travel and entertainment expenses, understanding the significance of outliers is paramount.
In this webinar, we delved into the realm of scrutinizing transactions such as vendor bills, financial postings, and travel and entertainment expenses. We extensively discussed the significance of outliers, which are peculiar pieces of data that hold great importance. Additionally, we demonstrated effortless methods for uncovering these anomalies.
Here's what you'd discover in this session:
- What outliers are and why they matter
- Why outliers are a big deal in transaction data
- Simple ways to spot outliers using traditional methods
- Cool tricks with advanced statistics for even better outlier detection
Webinar Replay
Speaker: Michael Kano
ACDA, Data Analytics Consultant - Arbutus Analytics
Highly skilled data analytics professional with more than twenty years of international experience in the development of ACL/Arbutus data analysis programs (scripts) for auditors, fraud detection professionals, SOX compliance teams, and business departments. Drives strategic integration of data analytics into audit programs. Identifies areas suitable for testing in order to expand audit scope and realize productivity gains, including continuous monitoring. Communicates well with business process owners in functional areas to secure buy-in for testing support. Provides user training and best practices development and documentation.
On-Demand Webinars
Arbutus, in partnership with AuditNet, presents series of engaging webinars with live Q&A. Insightful demonstrations and informative content presented by Arbutus Customers, Consultants and Data Analytics subject matter experts.