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Tip 5: Search for Related Party Transactions

Article author
Jonathon Plowman-Samson
  • Updated

How does this add value to your audit?

  • The Suspicious Keyword Control Point looks at the Memo field on 100% of the transactions in the general ledger for certain words that may be indicative of a transaction that warrants audit interest. In the Engagement Settings, the keywords are fully customizable and you are able to add in strings and/or names of known related parties, thereby contributing to the risk score of relevant transactions.
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