Unsupervised analytical review
US9037607B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 14, 2013 |
| Grant date | May 19, 2015 |
| Priority date | — |
| Expiry date | Jan 15, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F16/273
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Disclosed is a method generally applicable to any financial dataset for the purposes of: (1) determining the most important patterns in the given dataset, in order of importance; (2) determining any trends in those patterns; (3) determining relationships between patterns and trends; and (4) allowing quick visual identification of anomalies for closer audit investigation. These purposes generally fall within the scope of what in financial auditing is known as ‘analytical review’. The current method's advantages over existing methods are that is fully independent of the financial data subject to analysis, requires no background knowledge of the target business or industry, and is both scalable (to large datasets) and fully scale-invariant, requiring no a priori notion of financial materiality. These advantages mean, for example, that the same method can be by an external auditor for many different clients with virtually no client-specific customization, directing his attention to the areas where more detailed audit investigation may be required. Compared with existing methods, the current method is extremely flexible, and because it requires no a priori knowledge, saves significant t…
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.