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Objectives

Managing Anti-Corruption with Data Intelligence Duston Sackett, CFE, CIA, CISA, CISSP Audit Manager: Data Intelligence, Legal & HR. Objectives. E. V. O. L. V. E. !. What is your Occupation?. Internal Auditor. Lawyer. 1. 5. Regulators. Internal Investigator. 6. 2. Others?.

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Objectives

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  1. Managing Anti-Corruptionwith Data IntelligenceDuston Sackett, CFE, CIA, CISA, CISSPAudit Manager: Data Intelligence, Legal & HR

  2. Objectives E V O L V E !

  3. What is your Occupation? Internal Auditor Lawyer 1 5 Regulators Internal Investigator 6 2 Others? Private Investigator 7 3 External Auditor Key Questions? 8 4

  4. Regulatory Imperative

  5. Insanity Doing the same thing over and over, expecting different results

  6. Literature Big Data CA/CM Prediction Unstructured Visualization

  7. Anti-Corruption Imperatives Priority Risk-Based Follow the Money

  8. What is Data Intelligence? Big Data Unstructured Data Value Right data Criteria Predictive Analytics Visualization Effective Efficient

  9. Data Intelligence Strategy ACDD Program ERM HR & T&E AP Revenue Inventory Accounting IT & IP • Airfare • Expenses • Credit Cards • Relocation • Commissions • Referrals • Master Data • Invoices • Payments • Authority • Master Data • Sales • Credits • Rebates • Discounts • Master Data • High Value • Samples • Hand Adjust. • Shipping • Logistics • Cash activity • Admin Access • Email • WIN A.D. • Backups Threat Reporting (ex: Anti-Corruption; COI, SOD, etc) Conflict of Interest between EE, Supplier or Customer

  10. Anti-Corruption Data Intelligence Maturity Model None  Some  Full One  Many  Silos  X-Org Data & Automation Risks Mitigation

  11. My Architecture Strategy Automated Feeds Automated Analysis Statistics & Drill-Downs Results are as real-time as the data source allows Report out: Anomalies, Aggregations, etc.

  12. Example: PO Dashboard

  13. Scoping AC: High-Risk Activity Step 2 Step 1 • Where • When • Step 3Why On-Going Feedback

  14. Data Intelligence Strategy ERM Big Data Unstructured Data Always Reference Your Strategy Take 1 Step at a Time K.I.S.S. HR & T&E AP Revenue Inventory Accounting IT & IP • Airfare • Expenses • Credit Cards • Relocation • Commissions • Referrals • Master Data • Invoices • Payments • Authority • Master Data • Sales • Credits • Rebates • Discounts • Master Data • High Value • Samples • Hand Adjust. • Shipping • Logistics • Cash activity • Admin Access • Email • WIN A.D. • Backups Predictive Analytics Visualization Threat Reporting (ex: Anti-Corruption; COI, SOD, etc) Conflict of Interest between EE, Supplier or Customer

  15. Data Intelligence: Identifying High Risk Activities Examples: Who do you care about? What do you care about? Think Bigger!

  16. Escalation Matrix Continuously Monitor / Evolve Audit & Operations Legal Investigations Escalate? Escalate? Anomalies are not all equal

  17. Advantages • 100% • Can be Visual • Value: Hindsight  Insight  Foresight • Compliance Risks & Costs • Detect and Resolve Issues • Collaboration • Efficient • Effective

  18. Challenges Balancing Act: • Everything Evolves • Expectations / Eyes • Budget • Resources • Data • Worldwide Operations • False-Positives

  19. Sackett’s Rules The Program (always ROI-Based): • Cheap, Easy, Risk-Based, Show Value • Velocity & Agility • Show Value, Catch Idiots • Win Advocates; Sell it to them • Take Time / Strategize / QA The Team: • Strong End-to-End • Crook Mentality Communicate, Communicate, Communicate…..

  20. Value Examples Audits: • Push-button reporting • More efficient & effective planning/fieldwork • Data creating unplanned audits. • 5+ control gaps to date • $10M actual; $7M in additional anomalies Investigations: • Push-Button Reporting: COI Reporting, DD • “One-Stop Shop” • “Never had this level of detail before” Enable the Business

  21. Data Inertia Internal Audit - Intel Confidential

  22. Call to Action Trust Yourself Push the Limits Possibility Think Work Hard Teach Others

  23. Conclusion E V O L V E !

  24. Conclusion “Don’t be encumbered by history, go off and do something wonderful”. Robert Noyce

  25. Contact Information I’d love to hear from you: Email: duston.sackett@gmail.com Not just a data geek; let’s chat fitness Follow Me: @DrSack www.twitter.com/DocSack www.facebook.com/duston.sackett

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