November 2022
Intermediate to advanced
386 pages
16h 55m
English
Esperanza Huerta and Scott Jensen
Predictive analytics can be used in many areas of accounting, including financial, managerial, taxes, forensics, and auditing. In 2014, for instance, KPMG uncovered fraud totalling hundreds of thousands of dollars at a United States (US) call centre where a dozen operators had issued multiple small refunds to themselves and others (McGinty, 2014). Given the large number of transactions for small amounts, it is unlikely that the fraud would have been uncovered but for the use of predictive analytics.
The predictive analytics sector was valued at $5.7 billion in 2018 and expected to continue growing at a compound ...
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