Investment Strategist, Transparently.AI

Mark Jolley

Investment Strategist

AI detection of accounting fraud and manipulation

Transparently.AI

Fraud and manipulation of their numbers see companies lose USD1 trillion+ per year for their stakeholders. Transparently.AI has developed an AI system that determines:

1. The likelihood that a company is committing fraud/serious manipulation of their books;
2. Whether it is serious enough to result in total corporate failure;
3. Estimated $ losses to stakeholders;
4. How that manipulation/fraud evolves through time; and
5. Detailed analytics on the forms of manipulation/fraud (e.g. which parts of the accounts, what tricks of the trade, questions for analysts to ask management, where/how to investigate further, etc.).

This is effectively automating the analysis of forensic accountants, activist short sellers, credit analysts, etc to do work that would typically take weeks per company, and instead run it in seconds and for thousands of companies simultaneously.

Critically, this solution frequently alerts users to the presence of serious manipulation risk up to 2-3 years in advance of the wider market and short sellers becoming aware of problems.

Forensic Accounting

Satyam Computer Services / Forensic Accounting

<ul>
<li>Satyam's chairman and founder confessed in January 2009 to misappropriating about $1.5 billion of company funds</li>
<li>Scandal shook confidence in Indian corporate governance and the country's IT services industry</li>
<li>Transparently.ai's AI tools detected accounting red flags in Satyam as early as 1998</li>
</ul>


Satyam's chairman and founder confessed in January 2009 to misappropriating about $1.5 billion of company funds
Scandal shook confidence in Indian corporate governance and the country's IT services industry
Transparently.ai's AI tools detected accounting red flags in Satyam as early as 1998


The Satyam Scandal: Inside India’s Enron

India

Satyam Computer Services was an Indian information technology (IT) services company offering software development, system maintenance, packaged software integration, engineering design services, and business process outsourcing. The company was headquartered in Hyderabad, India, and founded in 1987.

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Satyam Computer Services (SCS IN)

The Satyam Scandal: Inside India’s Enron

Satyam scandal shook confidence in Indian corporate governance. Find out how Transparently.ai's AI tools detected red flags in Satyam's accounts...

Mark Jolley

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