The 21st Minute


Anti-Bribery Compliance

CaseWare Monitor Applications

Suspicious Vendors

  • Identify unauthorized vendors – monitor for vendors with master data changes created and/or approved by an unauthorized employee
  • Identification of vendors where alternate payee names have been alternated multiple times within X days
  • Identify vendors with multiple changes to bank account number within a specified time period
  • Identification of frequent use of one-time vendor arrangements

Suspicious Procurement Activities

  • Identify payments for large amounts without proper documentation
  • Identify cumulative payments for two or more transactions that were approved by Same Employee to the Same Vendor exceeding or within a Percentage below the Authority Limit
  • Identification of bonuses or commissions of unusual quantity or timing
  • Identification of frequent use of one-time vendor arrangement
  • Identification of payments made following manual overrides in the system
  • Identify purchase orders where the total payment amount was greater than the total purchase order amount
  • Identify invoices where the invoice receipt amount is greater than the Goods Receipt amount

PEP/OFAC Sanctioned Lists Matching

  • Identify expense transactions where the vendor name (and attendee name in the case of meals) closely matches a name on the OFAC/GSA/PEP/KYC/CFT lists or other supplied lists of names

Suspicious Travel & Expense Activities

  • Identify charitable contributions or entertainment expenses to organisations with government affiliations
  • Identify multiple gifts to a single individual
  • Identify unauthorised Travel & Expense cards
  • Identify Segregation of Duties violations: e.g. Submitter same as Approver

Suspicious General Ledger Activities

  • Identify invalid or suspicious journal entries to temporary accounts
  • Identify payments made following manual override in the system such as direct manual postings to the GL
  • Identify suspicious journal entry bookings at unusual times.
  • Identify adjustments to accounts inactive for more than X days

Suspicious Third-Party Activities

  • Monitor suspicious activities to 3rd party providers e.g. illegitimate vendors used by approved vendors
  • Use of new lawyer / accountant / agent / customs agent / consultant with no prior relationship
  • Identification of payments classified as government expenses

High Risk Transactions & Key Word Matching

  • Missing descriptions or suspicious key words for payment transactions such as “gifts”, “services rendered”, “consulting”, etc.
  • Identify Key Words or Innuendos in any language or dialect (Forbes top bribery keywords)
  • Identify transactions to vendors or individuals in high risk jurisdictions
  • Identify high volumes of cash transactions
  • Identify payments made from out-of-country bank accounts or sent outside the country of operation
  • Identify employees with more than a defined number of even-dollar cash expense transactions above a specific amount threshold within a specified time period

Areas of Applications , CaseWare Monitor

Posted By

By Team Audimation

Related Posts
Give Python a Go
Mar 29 Python is considered the official programming language for non-programmers. It gives you increased flexibility and expansive access to your data. For those usin...
No Image
Sep 19 The general ledger is the core of the financial reporting system. Since the GL holds nearly all the financial information used to create the financial statement...
No Image
Nov 07 The SmartAnalyzer Financial App and other Audimated Apps are very powerful additions to IDEA. However, some users may find that they need a little assistance us...

This website has been designed for modern browsers. Please update. Update my browser now