Using Benford's law to detect fraud
Read this article. What are other tools auditors can use to detect fraud in a company?
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The first tool that auditors can use to detect frauds in a company is calculating financial ratios both for the current year and the past year and comparing them. Audit software makes it very easy to calculate these ratios. If there is substantial difference in these ...
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The response provides you a structured explanation of how Benford's law can be used for detecting fraud . It also gives you the relevant references.
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