Conducting Conflict of Interest Testing with Python
In this training session, I utilized Python to perform a conflict of interest test. I analyzed employee and vendor data to identify any employees whose information matched that of a vendor.
For example, if a vendor shares the same phone number, tax ID, or bank details as an employee, this is how I would carry out the analysis.
Check out the full details here.
This testing methodology is invaluable for auditors and compliance professionals, as it helps uncover potential fraud or conflicts of interest involving vendors.
One response
Your post on performing conflict of interest testing using Python is really insightful! The approach of comparing employee data with vendor data to identify shared identifying information like phone numbers, tax IDs, or bank details is both practical and necessary for maintaining compliance and preventing fraud.
Utilizing Python for this type of data analysis streamlines the process significantly, making it easier for auditors and compliance teams to implement consistent testing. It would be great to see a code snippet or examples of the data comparisons in your blog, as that could help others replicate your analysis. Thanks for sharing this valuable method—it highlights an important aspect of ethical business practices!
Looking forward to more posts like this!