Technical Report No. 8, Institute for Systems Engineering and Computers at Coimbra .
ISSN/ISBN: 645-2631 DOI: Not available at this time.
Abstract: We provide a contribution to digital auditing and financial fraud detection by developing two general mathematical programming models that can help auditors selecting audit targets more promisingly, using Benford's Law. One model highlights the k most suspicious records in a data set and the other identifies the subset of nonconforming records. The models take into account several conformity tests and test statistics in simultaneous. Also, we solve some particular cases of such models for a set of simulated data and provide some insights about the relation between the required computational time and the initial characteristics of the data set, its number of records, conformity tests considered, and test statistics used.
Bibtex:
@techReport{,
AUTHOR = {Carlos Gomes da Silva and Pedro M.R. Carreira},
TITLE = {Selecting Audit Targets Using Benford’s Law},
INSTITUTION = {Institute for Systems Engineering and Computers at Coimbra},
YEAR = {2011},
NUMBER = {8},
ADDRESS = {Rua Antero de Quental, 199; 3000-033 Coimbra; Portugal},
URL = {http://www.inescc.pt/documentos/Researchreport8.pdf},
}
Reference Type: Technical Report
Subject Area(s): Accounting, Computer Science