Conducting Conflict of Interest Testing with Python
In this training session, I focused on executing a conflict of interest test using Python. The aim was to analyze and compare information from employee records and vendor data to identify any instances where an employee’s information matched that of a vendor.
For example, if a vendor shares the same phone number, tax ID, or banking details as an employee, here’s how I approached the analysis.
Discover more about this on my blog
This test can serve as a valuable tool for auditors and compliance professionals to identify potential fraud or conflicts of interest involving vendors.
One response
It sounds like you’ve conducted an important analysis regarding potential conflicts of interest using Python. Identifying shared data between employees and vendors can indeed highlight areas of concern that may need further investigation. Your approach to checking for overlap in phone numbers, tax IDs, and bank details is a practical way to uncover relationships that could pose risks to an organization.
For those interested in replicating your analysis or learning more about the methodologies employed in conflict of interest testing, it would be beneficial if you could share some specifics on your code or the libraries you used during your analysis. Additionally, discussing any challenges you encountered or common pitfalls to watch out for could be valuable for others in the field.
Thanks for sharing your insights and contributing to the discourse on compliance and fraud detection! I look forward to seeing more of your work on the Audit with Python blog.