Four items a covert operation memo should clearly state - answer✔1. Information upon which
the covert operation will be based
2. Information expected to be gained
3. Identities of suspects, if known
4. Operatives under the fraud examiner's care, custody, or control
Structured Data - answer✔sales records, payment/expense details, financial reports
Unstructured Data - answer✔Typically text data
Duplicate Testing - answer✔Testing to identify transactions with duplicate values in specified
fields
Benford's Law - answer✔Distinguishes natural and non-natural numbers. Analysis should be
against natural numbers. Natural numbers are typically dollar amounts on transaction details
First phase of data analysis process - answer✔Planning phase
Steps in planning phase of data analysis - answer✔UDBD
1. understand data
2. define examination objectives
3. build profile of potential frauds
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brainbarter. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
