Duplicate-payment analysis
Definition
A data analytics test that identifies invoice payments made more than once for the same obligation, by matching on vendor, invoice number, amount, and date fields in various combinations. Duplicates may indicate fraud, error, or a control failure that enables either.
Related terms
- Benford's Law
- An empirical regularity in naturally occurring numerical datasets: the leading digit follows a logarithmic distribution, with 1 appearing about 30% of the...
- Pass-through scheme
- A billing scheme in which a legitimate supplier is used as a conduit. The fraudster, who controls or colludes with the supplier,...
- Shell company
- A legal entity with no genuine business operations, created to receive fraudulent payments. In vendor fraud, the fraudster controls the shell and...
- Three-way match
- An accounts-payable control that requires a supplier invoice to match an authorised purchase order and a goods receipt note before payment is...
- Vendor master file
- The master record of approved suppliers in the accounts-payable system, containing each vendor's name, address, tax identification, and payment bank account. Unauthorised...
Explained in
- Billing and Vendor Fraud SchemesA data analytics test that identifies invoice payments made more than once for the same obligation, by matching on vendor, invoice number, amount, and date fie...