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Tip 5: Search for related party transactions

Article author
Jonathon Plowman-Samson
  • Updated

Summary

Learn about the importance of the control point "Suspicious Keywords" and how it benefits the analysis.




How does this add value to your audit?

Suspicious Keyword looks at the Memo field on all transactions in the general ledger for certain words that may indicate a transaction that warrants audit interest. In the Engagement Settings, the keywords are fully customizable so names of known related parties can be added, thereby contributing to the risk score of relevant transactions.


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