Using Financial and Nonfinancial Measures to Improve Fraud Detection*
Communicating Financial Information to Nonfinancial People AGFOA April, 2012.
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Communicating Financial Information to Nonfinancial People AGFOA April, 2012
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Transcript of Communicating Financial Information to Nonfinancial People AGFOA April, 2012.
What is Important?
2009 2010 2011 20120
0.5
1
1.5
2
2.5
3
3.5
4 Is the decrease in 2012 a problem?
Was 2011 an anomaly
It matters…
Say What?The increase in
net assets is down from last year.
Anything about arbitrage!
What is an audit?
Audit Plan
Planning
• Internal Controls• Risk Assessment
Fieldwork
• SAMPLING• Analysis
Reporting
• Review• Findings• Presentation
Sampling
Population
• Define• Docume
nt
Sample • Size• Representative
Evaluate
• Exceptions• Projection• Conclusion
Focus on…
Personal Services
Materials & Services
Capital Other0
0.51
1.52
2.53
3.54
4.55
2013 Budget