Data Mining And Analysis For Auditors

Various projects often require significant investment of time and resources, therefore stakeholders need to carefully look into their contractual responsibilities to ensure minimum disruption to their ventures. 

Key parties need to identify the potential risks and explore mitigation solutions prior to the start of their projects. As part of continuity planning, key parties are required to work through effective risk management policies in managing contracts.

Benefits:

1.  It is helpful to predict future trends
2. It signifies customer habits
3. Helps in decision making
4. Increase company revenue
5. It depends upon market-based analysis
6. Quick fraud detection

Contents:

• Flowcharting the process.
• Choosing and extracting the data.
• Understanding the population.
• Understanding the fields with descriptive statistics.
• Exploratory data analysis.
• Choice of analytic methods and alternative approaches.
• Confirmatory data analysis and finding outliers.
• Evaluating results evaluation and integrating with traditional findings.
• Emerging ApproachesPredictive analytics.
• Deep learning.Blockchain/Smart contracts.
• Text mining.Tools and Information Sources