Software-aided audit method helps detect accounting fraud
This article by our own Scott Jones was recently published in Six Sigma Forum. It demonstrates the use of IDEA for data analytics and its value as a new tool for Six Sigma Black Belts. The paper emphasizes the value of working with large data populations in situations where the exceptions may be the significant events.
Accounting Today recently published an article "Auditors see increased demand for data analytics. It discusses the increasing use of data analytics as a best practice in audits. It includes a survey by Protiviti which shows that over 70% of respondents indicate that their use of data analytics is increasing, and yet only 20% are satisfied with the quality of the data they receive.
The September 2017 issue of Quality Progress highlights Big Data. There are 3 feature articles on the impact of Big Data. One article states, "Advanced analytics tools are an excellent addition to the lean Six Sigma toolkit, and it is time to take advantage of intelligent QMSs to take organization to the next level." Areas where advanced tools would be beneficial include:
It is our opinion that IDEA would be an excellent addition to the Six Sigma toolkit. It can address all of the bullets above, and it can be used to take unstructured data, clean it up and convert it to structured databases that can be exported to MiniTab for additional statistical analysis.
This 3-part webinar provides an introduction to the use of data analytics. This was produced with the assistance of our friends at CaseWare Analytics.
Fox Business reports that Apple issued a new warning after a new hacking threat. The tech giant says there is a new cyber threat, but has taken steps to thwart the attack.
Snake cyberespionage malware is ready to bite Mac users
A sophisticated Russian cyberespionage group is readying attacks against Mac users and has recently ported its Windows backdoor program to macOS.
IIA Chairman Richard Chambers analyzes the recent Wannacry cyber attack and ties it to the lessons learned from the Verizon DBIR. "First, the perpetrators relied on simple phishing to introduce the virus through an email attachment..." Sound familiar?
Verizon has published its 2017 Data Breach Incident Report (DBIR). This is a valuable document for your Information Security risk assessment. It provides statistics on the perpetrators of data breaches, their tactics, victims, and other risk and vector indicators. You can download the executive summary or the full report at:
Key Performance Initiatives, Inc., is proud to have sponsored of the first annual William M. Thompson Memorial Golf Classic, benefiting Union Gospel Mission of Dallas.