Presentation Transcript

1. Managing Anti-Corruptionwith Data IntelligenceDuston Sackett, CFE, CIA, CISA, CISSPAudit Manager: Data Intelligence, Legal & HR

2. Objectives E V O L V E !
3. What is your Occupation? Internal Auditor Lawyer 1 5 Regulators Internal Investigator 6 2 Others? Private Investigator 7 3 External Auditor Key Questions? 8 4
4. Regulatory Imperative
5. Insanity Doing the same thing over and over, expecting different results
6. Literature Big Data CA/CM Prediction Unstructured Visualization
7. Anti-Corruption Imperatives Priority Risk-Based Follow the Money
8. What is Data Intelligence? Big Data Unstructured Data Value Right data Criteria Predictive Analytics Visualization Effective Efficient
9. Data Intelligence Strategy ACDD Program ERM HR & T&E AP Revenue Inventory Accounting IT & IP Airfare Expenses Credit Cards Relocation Commissions Referrals Master Data Invoices Payments Authority Master Data Sales Credits Rebates Discounts Master Data High Value Samples Hand Adjust. Shipping Logistics Cash activity Admin Access Email WIN A.D. Backups Threat Reporting (ex: Anti-Corruption; COI, SOD, etc) Conflict of Interest between EE, Supplier or Customer
10. Anti-Corruption Data Intelligence Maturity Model None  Some  Full One  Many  Silos  X-Org Data & Automation Risks Mitigation
11. My Architecture Strategy Automated Feeds Automated Analysis Statistics & Drill-Downs Results are as real-time as the data source allows Report out: Anomalies, Aggregations, etc.
12. Example: PO Dashboard
13. Scoping AC: High-Risk Activity Step 2 Step 1 Where When Step 3Why On-Going Feedback
14. Data Intelligence Strategy ERM Big Data Unstructured Data Always Reference Your Strategy Take 1 Step at a Time K.I.S.S. HR & T&E AP Revenue Inventory Accounting IT & IP Airfare Expenses Credit Cards Relocation Commissions Referrals Master Data Invoices Payments Authority Master Data Sales Credits Rebates Discounts Master Data High Value Samples Hand Adjust. Shipping Logistics Cash activity Admin Access Email WIN A.D. Backups Predictive Analytics Visualization Threat Reporting (ex: Anti-Corruption; COI, SOD, etc) Conflict of Interest between EE, Supplier or Customer
15. Data Intelligence: Identifying High Risk Activities Examples: Who do you care about? What do you care about? Think Bigger!
16. Escalation Matrix Continuously Monitor / Evolve Audit & Operations Legal Investigations Escalate? Escalate? Anomalies are not all equal
17. Advantages 100% Can be Visual Value: Hindsight  Insight  Foresight Compliance Risks & Costs Detect and Resolve Issues Collaboration Efficient Effective
18. Challenges Balancing Act: Everything Evolves Expectations / Eyes Budget Resources Data Worldwide Operations False-Positives
19. Sackett’s Rules The Program (always ROI-Based): Cheap, Easy, Risk-Based, Show Value Velocity & Agility Show Value, Catch Idiots Win Advocates; Sell it to them Take Time / Strategize / QA The Team: Strong End-to-End Crook Mentality Communicate, Communicate, Communicate…..
20. Value Examples Audits: Push-button reporting More efficient & effective planning/fieldwork Data creating unplanned audits. 5+ control gaps to date $10M actual; $7M in additional anomalies Investigations: Push-Button Reporting: COI Reporting, DD “One-Stop Shop” “Never had this level of detail before” Enable the Business
21. Data Inertia Internal Audit - Intel Confidential
22. Call to Action Trust Yourself Push the Limits Possibility Think Work Hard Teach Others
23. Conclusion E V O L V E !
24. Conclusion “Don’t be encumbered by history, go off and do something wonderful”. Robert Noyce
25. Contact Information I’d love to hear from you: Email: duston.sackett@gmail.com Not just a data geek; let’s chat fitness Follow Me: @DrSack www.twitter.com/DocSack www.facebook.com/duston.sackett