Apparatus, method, and computer program product providing improved identification of suspect entries in transaction data

Abstract

The exemplary embodiments of the invention provide apparatus, systems, methods and computer program products for scoring entities in order to use the scoring for such tasks as identifying and prioritizing those entities that are candidates for further investigation, for example, from an audit or business control perspective. In an exemplary aspect of the invention, a method includes: providing transaction data having a plurality of pieces of information and an identification of a corresponding entity of a plurality of entities, wherein at least one piece of information of the plurality of pieces of information corresponds to each entity of the plurality of entities, wherein the transaction data comprises input data; computing at least one score for each entity of the plurality of entities by applying at least one statistical analysis technique to the input data, wherein the computed at least one score for a tested entity is indicative of at least one of a magnitude of deviation of the tested entity from a determined normal and repeated abnormal behavior of the tested entity; selecting zero or more entities of the plurality of entities by comparing at least one computed score of each entity with a specified threshold, wherein the selected zero or more entities comprise candidates for further investigation; and ordering the selected zero or more entities based on at least one computed score of each entity of the selected zero or more entities.