Chartered Accountants Journal of New Zealand 79(10), pp. 32-36.
ISSN/ISBN: 1172-9929 DOI: Not available at this time.
Abstract: In the 1920s, Frank Benford developed a way of predicting the initial digits of any non-random series of numbers. This article, the first of 2, explains that Benford's Law not only works, but that it also has practical auditing applications. It provides a powerful, economic and accessible tool for auditors, managers and analysts to check a large series of calculated totals for possible error, fraud, manipulative bias or processing inefficiency or other anomalies.
Bibtex:
@article{,
title={Benford's law and fraud detection},
author={Lowe, R},
journal={Chartered Accountants Journal of New Zealand},
volume={79},
number={10},
pages={32--36},
year={2000},
publisher={NEW ZEALAND SOCIETY OF ACCOUNTANTS},
ISSN={1172-9929},
}
Reference Type: Journal Article
Subject Area(s): Accounting