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 and preventing fraudulent transactions and anomalies

While the impact of fraudulent transactions on financial report integrity is significant, there are measures that organizations can take to mitigate such risks, which we will discuss in this section.

Tone at the top

The tone at the top significantly impacts the level of fraud risk within an organization. When leaders and top management demonstrate a strong commitment to ethical behavior and integrity, it sets the foundation for a culture of honesty and transparency throughout the organization. This influences employees’ attitudes and behaviors and ultimately shapes the organization’s overall approach to fraud prevention. A positive tone at the top sends a clear message that unethical conduct, including fraud, will not be tolerated. It establishes the expectation that employees are expected to adhere to high ethical standards in their work. This tone should be consistently communicated and reinforced...