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Data Intelligence Strategies for Anti-Corruption Management

Explore the imperative need for incorporating data intelligence in anti-corruption strategies to mitigate risks and enhance compliance. Understand the role of big data, predictive analytics, and visualization in managing high-risk activities efficiently. Gain insights on identifying anomalies, escalating issues, and evolving audit and operational processes for proactive risk management. Learn about Sackett's rules for an effective data intelligence program and how to communicate value through audits and investigations. Equip yourself with the tools to drive effective anti-corruption practices and stay ahead in a rapidly evolving landscape.

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Data Intelligence Strategies for Anti-Corruption Management

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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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