1. Data Mining Data Analysis
Financial Services
Heriot Prentice
Vaco Orlando

2. Heriot Prentice
Over 28 years of proven management &
consulting experience in internal auditing. This
includes:
o Audit Team Leader for the Scottish Office
Audit Unit - Scotland's equivalent of the
Government Accounting Office (GAO)
o Senior Manager of Enterprise Risk Security
(ERS) with Deloitte
Heriot is also a Member & Distinguished Faculty Member of the
Institute of Internal Auditors (IIA).
Also led the creation & implementation of:
o The GAIT Methodology
o The Global Technology Audit Guide (GTAG)

3. What is Data Mining/Analysis?
Data mining is the process of
discovering actionable information
from large sets of data. Data
mining uses mathematical
analysis to derive patterns and
trends that exist in data.
Typically, these patterns cannot
be discovered by traditional data
exploration because the
relationships are too complex or
because there is too much data.

4. Where do You Start?
Conduct an evaluation of data
analysis software; determine the
best fit for your audit function and
build the confidence that the
product selected will yield the
results you desire to bring
excellence to your department,
including recognition of your
team’s skills and abilities to the
entire organization.

5. What are the benefits?
Potential to review 100% off your
data population. Thus providing
additional assurance
Clients can save money, identify
potential fraud and assist them to
comply with current legislation. We
use a sophisticated suite of data
analysis tools to review information
held on your systems electronically
in an efficient, timely and cost-
effective manner.

6. Example Usage Scenarios
Asset Management
Loans by Bank or Branch
Investment Securities
Cash Disbursements
Credit Card Management
Real Estate Loans
Savings and Demand Deposits
Trust Assets
General Accounting General Ledger
Pension and Other Trusts

7. Our Part in the puzzle?
o We help clients determine a
profile of features designed to
meet the objectives that they have
in mind
o Educate and train your staff on
how to maximize the most form
your selected product
o Run the complete data
mining/analysis process

8. Contact Me
If you have a question or simply want to connect for a possible future project.
o Email: hprentice@vacoorlando.com
o LinkedIn:
http://www.linkedin.com/in/heriotprentice
o Phone: (407) 712-7878
o Cell: (407) 375-3182
My Services:
o http://linkd.in/Services_Vaco_Resources