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Learn At Lunch: Technology based Investigative Techniques

Technology has changed how fraud is investigated in more than one way. First, it changed the way fraud is perpetrated and second, it changed the sources of evidence used in fraud investigations.

With the development of technology, technology-based techniques that can be used to detect fraud have become increasingly more sophisticated. Tools like data analytics and forensic technology can help companies to effectively analyse voluminous datasets to detect anomalies or patterns that may be indicative of fraudulent activity. Such tools can also identify red flags in areas where fraud has the potential to occur, thus giving organisations the opportunity to prevent fraudulent activity before it even takes place.

“The advancement in technology has also led to rapid advancements in technology-based investigative techniques that can effectively detect fraud. By harnessing the power of technology, organisations can effectively use data analytics as one of the key tools in their fight against the growing risk of fraud. Increasingly, internal auditors are being involved in corporate fraud investigations, such as those relating to employee collusion with suppliers, employee theft of confidential business information, suspicious business transactions with third parties, and keeping abreast of these developments would be beneficial,” said Mr Tan Swee Wan, Chief Executive Officer, TRS Forensics who gave a lunch talk on technology-based investigative techniques on 19 September 2019 to over 40 internal audit professionals.

Our speakers including Mr Tan Kah Leong, Director, TRS Forensics shared their knowledge in investigation in a corporate setting, including the procedures, legal, privilege, the do’s and don’ts, and use of advanced forensic technology and social media.





















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