Management 14(1).
ISSN/ISBN: Not available at this time. DOI: 10.26493/1854-4231.14.19-31
Abstract: Benford’s law is a mathematical tool and a method of determining whether investigated financial statements contain unintentional errors or fraud. Benford’s law says that counterfeit numbers have a slightly different pattern than valid or random samples. Benford’s Law is an effective method and analytical technique to help detect accounting fraud. Motives and causes for fraud can be ex- plained by the fraud triangle, which consists of percieved pressure, perceived opportunities and the ability to justify their actions. Benford’s law is just one of the possible tools used to detect irregularities, which can also be used in the field of data verification in financial statements.
Bibtex:
@article{,
AUTHOR = {Mateja Gorenc},
TITLE = {Benford's Law as a Useful Tool to Determine Fraud in Financial Statements},
JOURNAL = {Management},
VOLUME = {14},
NUMBER = {1},
YEAR = {2019},
DOI = {10.26493/1854-4231.14.19-31},
URL = {https://www.hippocampus.si/ISSN/1854-4231/14.19-31.pdf},
}
Reference Type: Journal Article
Subject Area(s): Accounting