What is Leak Detection?

Leak detection is the process of identifying and locating leaks in various systems, including financial ones. In finance, leak detection refers to the process of detecting and addressing errors or inaccuracies in financial transactions or data.

Types of Leaks

There are several types of leaks that can occur in a system, including financial ones. Financial leaks can include theft or embezzlement, manipulation of financial data, and errors in accounting and reporting.

Benefits of Leak Detection

Leak detection has several benefits, including improved accuracy and reliability, reduced risk of fraud and error, and increased transparency and accountability. By identifying and addressing leaks early on, organizations can take corrective action to prevent further damage.