Invention Grant
- Patent Title: Unsupervised analytical review
- Patent Title (中): 无监督的分析评估
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Application No.: US13829053Application Date: 2013-03-14
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Publication No.: US09037607B2Publication Date: 2015-05-19
- Inventor: Peter Alexander Chew
- Applicant: Peter Alexander Chew
- Applicant Address: US NM Albuquerque
- Assignee: GALISTEO CONSULTING GROUP INC.
- Current Assignee: GALISTEO CONSULTING GROUP INC.
- Current Assignee Address: US NM Albuquerque
- Main IPC: G06F17/30
- IPC: G06F17/30 ; G06Q40/00

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 time in understanding the fundamentals of a business.
Public/Granted literature
- US20140279301A1 Unsupervised analytical review Public/Granted day:2014-09-18
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