Munich Germany: Grin Verlag.
ISSN/ISBN: 9783668543904 DOI: Not available at this time.
Abstract: This paper examines the property sector financial misreporting using the Benford’s Law a logarithmic distribution technique. The study examined the financial and income statement of the 35 property companies listed in the Philippine Stock Exchange (PSE) for 2015 and 2016. Using the Chi-square test and Mean Absolute Deviation (MAD) t he results show that the income statement before tax stockholder’s equity and stockholder’s equity-parent data set did not conform to the Benford’s Distribution. The study suggests that there is a probable misreporting of income before tax and stockholder’s equity in the property sector.
Bibtex:
@book{,
author = { Vicente Salvador Montaño and Sherylove Utida and Antonieto Remolar},
title = {Forensic Analytics of Financial Report in Philippines Property Sector. The Benford's Law Application},
year = {2017},
isbn{ 9783668543904},
publisher = {Grin Verlag},
address = {Munich},
url = {https://www.grin.com/document/376682},
}
Reference Type: Book
Subject Area(s): Accounting