Expert Knowledge Elicitations in a Procuremnt Card Context: Towards Continuous Monitoring and Assurance

• In Event: Strategic and Emerging Technologies

Abstract

Internal Anomaly Detection in the area of employee procurement cards continues to be an issue within many firms, even large multinational corporations. In this work in progress study, the authors observed the manual procedures that were being employed by a firm and are creating detailed scripts imitating and enhancing these processes. This firm reviews over 50,000 employee procurement card transactions per month. There are over 55 attributes defined for each transaction. The data set begins in 2011 and is updated monthly. Meanwhile, the firm continued to employ its internal manual fraud detection procedures, as a control setting for this study. Based on initial preliminary results, these scripts are expected to improve the success rate of anomaly detection for this firm, plus greatly ease and accelerate its fraud detection process.

Authors

• Deniz A Appelbaum, Rutgers University - Newark

• Abdullah Alawadhi, Rutgers Business School