About us...
Founded in 2002, Automated Auditors, LLC has been providing Accounts Payable recovery and fraud detection solutions for companies for several years. Our staff has worked with telecom giants such as MCI, creating duplicate payment detection algorithms in conjunction with the Internal Auditor. We harness the power of data mining and apply it to find financial fraud, particularly employee and vendor fraud. Our team of forensic accountants are uniquely qualified to follow up on any fraud leads generated by our proprietary A/P fraud-detection sotware. Our unique blend of data mining and forensic accounting provides you with the best of both worlds.
In the news...
January, 2007: Automated Auditors teams with A/P recovery expert Recovery+Solutions (www.recovery-solutions.net) on major audits to offer clients the best in electronic and manual A/P auditing.
August, 2006: "Welcome to a Fuzzy World" article was published in Fraud Magazine August 2006 issue. Written by president Christy Warner and colleague CFE fraud expert Bruce Dubinsky (www.dubinskyco.com). Please use the contact us page for a copy of this article.
October, 2005: President Christy Warner spoke at the Washington, DC ACFE chapter meeting on October 3. Her presentation titled "10 Ways to Identify A/P Fraud" was delivered to approximately 30 Certified Fraud Examiners that reside in the Washington, DC area. For a copy of the presentation, please use the Contact Us page.
October, 2005: President Christy Warner addressed SAS users at the South Central SAS Users Group conference in San Antonio, TX on October 17th. Her presentation was titled "Using SAS to Identify Duplicate Payments, Duplicate Vendors, and A/P Fraud".
April, 2005: President Christy Warner recently spoke about detecting Medicare fraud at the SAS Users Group International conference in Phildelphia, PA. For a copy of her paper titled "Automating Predictive Analysis to Detect Medicare Fraud", please use the contact us page.
How we've helped our clients...
A/P Fraud Detection
We conducted a duplicate payment audit for a medium-sized health product manufacturer. During the audit, we identified several above-average payments for an employee. After bringing it to the Controller's attention, we learned that several employees had already been fired for stealing checks. What the Controller didn't know was that these checks were written to the employee for over $40,000 each (3 of them + other checks). Our staff was able to identify this fraud because we read in the client's CHECK REGISTER file, not their A/P file. The fraudulent checks had no invoice number, which probably would have been rejected in their A/P system. Because our staff can read "messy" data such as Check Register data, we were able to detect the fraud.
Duplicate payment detection
Our analysts helped MCI Telecommunications identify millions in duplicate invoices. We developed a customized software solution for this client so that they could detect duplicate payments on an as-needed basis without referring to a collection agency. Because of the dupe payment detection tool, they were able to keep their profit recovery initiative discreet - a must in this age of accounting scandals.
We recently conducted a duplicate payment audit for a health product manufacturer and successfully identified $93,000 in duplicate payments.
Statistical Analysis: Tax Shelter Lawsuit Support
One of our clients, Dubinsky & Co. (www.dubinskyco.) is a leading forensic accounting firm in Bethesda, Maryland. In support of a high-profile tax shelter lawsuit, we used SAS to determine the probability that customers seeking a legitimate tax shelter would actually see a profit on the tax shelter scheme. The effort involved customized SAS programming and the use of statistical binomial probability calculations.
Vendor Fraud: Benford's Law Analysis
We used our proprietary software, A/P Fraud Detector, to identify unusual invoice activity for one of our clients, Investigative and Forensic Accounting Services (www.ifas.cc). Using Benford's Law of Numbers, we identified several vendors with unusual invoice activity. These vendors were then flagged for further investigation.
Accounting Software: Development
Our staff developed a Microsoft Access software solution for Sensormatic Security Corporation (SSC) that enabled their Controller to query their Accounts Receivable payment detail files. In addition, our analysts supported SSC in an ongoing lawsuit with their parent company, Tyco, by analyzing SAS programs. Staff analyzed the SAS programs to gain an in-depth understanding of how Tyco was (or was not) paying SSC correctly for sales in the Maryland/Virginia/DC region.
Prediction Analysis: Loan Consolidation As a consultant to Caliber Associates (www.calib.com), our staff completed a study for the Department of Education's Cost Estimation and Analysis Division, the goal of which was to predict when students consolidate their loans. Using SAS's survival analysis module, our staff constructed a database depicting each loan's status for every month during the analysis period. Several influencing factors were considered such as loan type, time in default, interest rates at the time, number of loans the borrower had at the time, total loan amount, and others.
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