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Famous technique used for detecting frauds & errors

Internal Audit 851 views 2 replies

Dear all,

The benford's law technique is used to detect the fraud, errors and irregular accounting data.

I am sharing this once again because many of you haven't seen my last post, I have updated the Benford's law learners guide and included the step to step guidelines about how to apply benford's law on an accounting data using ms-excel.

 

https://internalauditworkingpapers.weebly.com/benfords-law-application.html

 

Regards,

Manzoor ahmed

Replies (2)
This is really useful. Never heard of this. Thanks for sharing. Bookmarked!
Manzoor, i didnt got the logic behind this, that why the number 1 will have more repetiton than other numbers? Why it is like this?


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