Briefs

Friday, May 14, 2004. Forensic accounting experts at PKF have developed intelligent software which will help businesses detect fraud. The data mining tool, called PKF Finder, enables organisations to search their purchase ledger data to help identify fraud and error including suspicious activities such as duplicate invoices and VAT irregularities.

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PKF Finder cross references data from both internal and external sources to identify potential cost savings from duplicate payments and VAT miss-postings and provide key management information on purchase ledgers. In addition whilst most fraud is only detected after the event when partial recovery is the best that can be expected, PKF Finder can help to discover and stop fraud at an earlier stage.

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