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  • Financial Forensics Uncovering Truths With Data Doppelgängers

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    izabelaacebuque
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    This document discusses how similarity matching can be used in auditing to uncover truths in financial data. It explains that similarity matching uses algorithms to compare financial datasets and flag similarities or anomalies to detect errors. It also describes how similarity matching can help auditors by identifying inconsistencies across records, transactions, and reports to ensure data accuracy and integrity. However, the document notes that incorporating similarity matching into auditing faces challenges related to data privacy, security, quality, and the resource intensiveness of the process.

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    Financial Forensics Uncovering Truths with Data Doppelgängers

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    This document discusses how similarity matching can be used in auditing to uncover truths in financial data. It explains that similarity matching uses algorithms to compare financial datasets and flag similarities or anomalies to detect errors. It also describes how similarity matching can help auditors by identifying inconsistencies across records, transactions, and reports to ensure data accuracy and integrity. However, the document notes that incorporating similarity matching into auditing faces challenges related to data privacy, security, quality, and the resource intensiveness of the process.

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    © All Rights Reserved
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    4 views11 pages

    Financial Forensics Uncovering Truths With Data Doppelgängers

    Uploaded by

    izabelaacebuque
    This document discusses how similarity matching can be used in auditing to uncover truths in financial data. It explains that similarity matching uses algorithms to compare financial datasets and flag similarities or anomalies to detect errors. It also describes how similarity matching can help auditors by identifying inconsistencies across records, transactions, and reports to ensure data accuracy and integrity. However, the document notes that incorporating similarity matching into auditing faces challenges related to data privacy, security, quality, and the resource intensiveness of the process.

    Copyright:

    © All Rights Reserved
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    of 11

    Financial Forensics:

    Uncovering Truths with Data Doppelgängers


    Papasok ka?

    Di ako papasok pag di


    ka papasok

    Sige, ‘wag na tayo


    pumasok.
    Similarity matching
    Is a data mining technique that helps us find
    items or patterns that are similar based on
    certain features.
    Auditing ??
    roles of SIMILARITY MAtching in auditing

    identifying
    Comparison technique error detection tool
    inconsistencies Aids in detecting irregularities,
    Utilizes algorithms to compare Analyzes various records or ensuring consistency across
    financial datasets, seeking transactions to flag financial information for reliable
    similarities or anomalies for error discrepancies, ensuring data reporting.
    detection. accuracy and integrity.
    similarity matching enhances
    auditing processes;

    data accuracy efficiency


    challenges of incorporating
    similarity matching to auditing:

    data privacy & security data quality resource intensiveness


    References
    https://www.science.gov/topicpages/s/similarity+matching+techniques

    https://www.researchgate.net/publication/327029699_Auditor_Style_and_Financial_Reporti
    ng_Similarity

    https://www.kdnuggets.com/2015/01/fundamental-methods-data-science-classification-
    regression-similarity-matching.html
    THANK YOU.

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