Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Detecting Fraudulent Transactions Affecting Financial Report Integrity

In this chapter, we will delve into the crucial topic of detecting fraudulent transactions that have the potential to undermine the integrity of financial reports. Fraudulent transactions can have devastating consequences for businesses and stakeholders that would negatively impact trust and cause financial losses in the organization. We will explore various concepts, techniques, and solutions that can be implemented to identify and mitigate fraudulent transactions.

In this chapter, we will cover the following main topics:

  • Understanding the major causes of fraud
  • Common myths and misconceptions about financial fraud
  • Interpreting financial reports
  • Learning how fraudulent transactions affect overall financial report integrity
  • Detecting and preventing fraudulent transactions and anomalies

By the end of the chapter, you will have a better understanding of how financial reports are interpreted...