Fraud Risk Assessor Skill

Fraud Risk Assessor

Overview

The Fraud Risk Assessor skill provides comprehensive fraud risk assessment capabilities based on the fraud triangle framework. It enables red flag identification, data analytics for anomaly detection, and systematic fraud risk evaluation.

Capabilities

Fraud Triangle Analysis

Pressure/incentive identification
Opportunity assessment
Rationalization indicators
Risk factor documentation
Industry-specific considerations
Management override risk

Red Flag Identification

Financial statement red flags
Behavioral indicators
Operational anomalies
Control environment weaknesses
Related party concerns
Going concern indicators

Data Analytics for Anomaly Detection

Transaction pattern analysis
Unusual relationship identification
Trend deviation detection
Outlier identification
Clustering analysis
Network analysis

Benford's Law Analysis

First digit analysis
Second digit testing
First-two digits examination
Conformity testing
Deviation significance
Result interpretation

Duplicate Detection

Exact match identification
Fuzzy matching
Near-duplicate detection
Vendor duplicate analysis
Payment duplicate screening
Employee duplicate review

Journal Entry Testing

Manual entry identification
Non-standard timing
Round number analysis
Unusual account combinations
User behavior analysis
Close period entries

Usage

Fraud Risk Assessment

Input: Entity information, industry factors, control environment
Process: Evaluate fraud triangle factors, identify red flags
Output: Fraud risk assessment report, high-risk areas, testing focus

Forensic Data Analysis

Input: Transaction data, population characteristics, risk areas
Process: Apply analytics, identify anomalies, investigate exceptions
Output: Anomaly report, investigation recommendations, findings

Integration

Used By Processes

Fraud Risk Assessment and Investigation
Internal Audit Planning and Execution
SOX Compliance and Testing

Tools and Libraries

Forensic analytics tools
Benford's law libraries
Data analytics platforms
Investigation management tools

Best Practices

Maintain confidentiality throughout assessment
Document all red flags with supporting evidence
Consider industry-specific fraud schemes
Update risk assessment for changes
Coordinate with legal counsel as appropriate
Preserve evidence chain of custody

Agent Skills: Fraud Risk Assessor

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