Pattern Chaser: Audit Analytics for Internal Audit A sample of 25 found none of them. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services A sample of 25 found nothing The million-row version found all 12. One ledger. Twelve things hidden inside it. And the difference between sampling a population and reading it. Hey Reader ๐ A company makes a million payments in a year. You are going to test twenty-five of them. That is not laziness. It is the method. Draw a representative...
8 days agoย โขย 9 min read
Pattern Chaser: Audit Analytics for Internal Audit and still 98% wrong. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Your test is 95% accurate And still 98% wrong. Why your exception report is mostly noise, and the one move that fixes it. Hey Reader ๐ Right now, somewhere, an auditor is opening a file they didn't ask for. Around fifty thousand transactions in it, every one flagged by the exception testing the firm just paid good money for. Three people to work...
16 days agoย โขย 7 min read
Pattern Chaser: Audit Analytics for Internal Audit The half a script can do is not the half to defend. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services The Replaceable Half Half your audit work already runs without you. The real question is not whether the machine takes it, but which half you have spent your career becoming excellent at. Hey Reader ๐ A reconciliation that used to take a junior the back half of a fieldwork week now runs on the full population before...
about 1 month agoย โขย 7 min read
Pattern Chaser: Audit Analytics for Internal Audit Rigour you can perform is not rigour. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Rigour You Can Perform Is Not Rigour Audit's quietest failure mode: work that proves diligence instead of testing controls. This is the anatomy, and the one question that exposes it. Hey Reader ๐ The workbook was perfect. Colour-coded tabs, tick marks consistent down to the font, a summary chart up front that could pass for analytics....
about 1 month agoย โขย 6 min read
Pattern Chaser: Audit Analytics for Internal Audit Switched on. Fully staffed. Blind to 92% of the money. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Unusual Is Not the Same as Dangerous Your anomaly detection is very good at finding what is unusual. That is not the same as finding what matters. Hey Reader ๐ A monitoring system can be switched on, visibly active and firing alerts every day. And still be blind to almost everything that matters. Busy is not the same...
about 1 month agoย โขย 6 min read
Pattern Chaser: Audit Analytics for Internal Audit The data underneath is where most audit analytics fail. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Your AI Problem Isn't the Model The data underneath is where most audit analytics fail. Fix the pipes before you buy the machine. Hey Reader ๐ Half term is over. The house is quiet again. Perfect time to write about the thing everyone's ignoring. Everyone wants to talk about AI models. Almost nobody wants to talk...
about 2 months agoย โขย 5 min read
Pattern Chaser: Audit Analytics for Internal Audit Elegant math. Poor fraud detection. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services This Fraud Test Is a Comfort Blanket It's built into most audit analytics tools. Taught in countless fraud courses. Elegant math. Poor fraud detection. Hey Reader ๐ There's a mathematical formula discovered by accident in a library 145 years ago. It's built into most major audit analytics tools. It's taught in countless fraud...
about 2 months agoย โขย 6 min read
Pattern Chaser: Audit Analytics for Internal Audit The people you're auditing know more than you. The question is whether you accept their version of reality. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Stop Auditing What They Tell You Process owners describe reality their way. Data tells it another. The gap between the two is where your real findings live. Hey Reader ๐ When nobody's watching, do people behave the same way they said they would? Economist Paul...
2 months agoย โขย 6 min read
Pattern Chaser: Audit Analytics for Internal Audit When the metric measures speed, depth quietly becomes optional. PATTERN CHASER Audit Analytics for Internal Audit in Financial Services Your audit scorecard is rewarding the wrong thing. Not because auditors are cutting corners. Because the system makes corners the rational choice. Hey Reader ๐ Almost a year outside corporate. And I'm finally seeing patterns I couldn't spot from the inside. Here's the uncomfortable one. For nearly a decade in...
2 months agoย โขย 5 min read