1 / 21

Big Data Analysis in Public Sector – CarLab research

Explore applications of audit data analytics, predictive analytics, and process mining in the public sector. Learn about CARLAB research projects and their impact on government operations.

jonathang
Download Presentation

Big Data Analysis in Public Sector – CarLab research

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. BigDataAnalysisinPublicSector–CarLabresearch Miklos A. Vasarhelyi KPMG Distinguished Professor of AIS, Rutgers,theStateUniversityofNewJersey Director ofCarLab November 29, 2018

  2. RUTGERS BUSINESS SCHOOL THE CARLAB (CONTINUOUS AUDIT AND REPORTING LABORATORY)

  3. CarLab CarLab Analytic Research Audit data analytics and EDA Choosing apps Envisaging the future of audit and Big Data Text Mining Monitoring Unibanco’s branches Predictive Analytics with Weather data Process Mining at Gamma Bank Expert System for P-Card Exceptional Exceptions Visualization Logit regression for control risk assessment Client Retention Project Predictive Audit Fraud Risk Assessment using EDA Detecting duplicate records Continuity equations Litigation prediction Credit card Default prediction Continuity Equations at HCA XBRL XBRL Multidimensional clustering for fraud detection Insurance Analytics Rule-based selection for transitory accounts Insurance Analytics AI: Deep Learning Robotic Process Automation (RPA) Cluster Analysis of US States Cognitive Decision Aids Intelligent Process Automation (RPA) Blockchain and Smart contracts

  4. CarLab AnalyticResearch in Public Sector

  5. Jimmy Chin Skiing down the Everest

  6. NYC Street Cleanliness and on-street Parking • Apply text mining techniques to social media ‘big data’, perform sentiment analysis to NYC street cleanliness and on-street parking • Collected Period: 9/26/2013 – 9/26/2018

  7. NYC Street Cleanliness and on-street Parking • Examined 311 Service Request List to evaluate Twitter data • Total 594,330 complaints, the top 5 categories are:

  8. IPSASB - XBRL • Comment Letter: Proposed International Public Sector AccountingStandards Strategy • SuggestedIPSASBtouseXBRL • WhatisXBRL? • global standard developed to enhance transparency andaccountability in business performance globally by providing the open dataexchange standard for business reporting. • Conclusion: • Maximized informational value whenfederal governments are able to report tagged forcomparison • Better international relations to support billions of citizens world-wide through XBRL

  9. Brazilian Projects • TEXT MINING • Brazilian SEC - CVM – Comissão de ValoresImobiliários • CONTINUOUS AUDIT • State of Santa Catarina • Brazil Navy • Brazil Health System Acquisition – Rio de Janeiro Municipality • Data Quality and XBRL • Siconfi – Sistemas de InformaçõesContábeis e Fiscais do SetorPúblico do Brasil

  10. PCAOB-Audit Data Analytics Webinars • PCAOB Audit Data Analytics Webinars: • Design and instruct Audit Data Analytics online lectures for the Public Company Accounting Oversight Board (PCAOB) on the application of data analytics to the audit process.  • Some topics covered thus far: • Introduction to audit data analytics concepts • Applying audit data analytics through the audit • Continuous Auditing and Monitoring • Overview of Big Data • Demonstration of Predictive Analytics with Exogenous Data • Audit Data Standards and Robotic Process Automation 

  11. Design of a SmartCMS to develop Internal Control Intelligence Jiahua Zhou, Hussein Issa, Helen Brown-Liburd

  12. Real-time assurance, continuous auditing, and audit by exception. • Different approach for P2P Audit: faster and more effective audits with • Easy-to-use data analytics tool • Analyzing 100% of the population (e.g. Invoices with purchases) • Different approach to • Confirm sufficient data access • Develop a data analysis tool particularly suitable for P2P Audit

  13. Audit with Blockchain & Smart Contracts on the Government Sector

  14. Watching the Watchdog

  15. NPOForm990Database–NewJersey • UsingLDAtocategorizedthetypeofNPObased onmissionstatements.

  16. Rutgers Accounting Digital Library

  17. Thankyou

More Related