Conducting Conflict of Interest Testing with Python
In this training session, I demonstrated how to carry out a conflict of interest test using Python. The focus was on comparing employee data against vendor data to identify any overlaps in identifying information, such as phone numbers, tax IDs, or bank details.
This method can help detect if a vendor shares sensitive information with an employee, which could indicate potential fraud or conflicts of interest.
For more insights, check out the full article here: Audit with Python – Data Analytics Blog
This test can be especially valuable for auditors and compliance professionals seeking to uncover possible risks associated with vendors.
One response
That sounds like a valuable and practical application of Python for detecting potential conflicts of interest! By comparing employee data with vendor data, auditors can effectively identify any overlapping identifiers that may indicate questionable relationships. This kind of data analysis is crucial for maintaining integrity and compliance within an organization.
Utilizing unique identifiers such as phone numbers, tax IDs, and bank details not only aids in spotting potential fraud but also enhances the overall transparency of vendor relationships. If you have any specific code snippets or examples from your testing process, sharing those could be incredibly insightful for others looking to implement similar tests. Thanks for sharing your experience!