DOD FRAUD RISK MANAGEMENT: Enhanced Data Analytics Can Help Manage Fraud Risks : Government Accountability Office (GAO) , February 27 , 2024
DOD FRAUD RISK MANAGEMENT: Enhanced Data Analytics Can Help Manage Fraud Risks : Government Accountability Office (GAO) , February 27 , 2024
From the report: "The Department of Defense (DOD) issued an updated fraud risk management strategy in August 2023. Contrary to leading practices, the strategy does not establish data analytics as a method for fraud risk management or provide the direction needed to conduct such data analytics. Data analytics are control activities that can be used to prevent and detect fraud. Data analytics can include a variety of techniques, such as data matching. Data matching can be used to verify key information to determine eligibility to receive federal contracts. For example, if an entity reports that it is a small business in order to receive federal contracts, DOD can use third-party data sources to verify that the entity actually meets requirements to qualify as a small business."
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