GAO: Data mining helps audits

A General Accounting Office report released March 25 concluded that its own use of data mining is useful for finding some, though not all, accounting discrepancies. GAO identified cases in which data mining tools extracted unusual government credit card purchases -- for example, those made at toy stores -- which auditors tracked down. While "data mining alone is generally not sufficient to identify systemic breakdowns in controls," it is useful in understanding the scope of misuse and for providing managers with examples of abuse, according to the report. With the right mix of technology, expertise and data security measures, data mining can be an important tool to help improve the efficiency and effectiveness of audits and investigations, GAO said. The report is online at http://www.gao


Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here


  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More


    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.