Benford s Law: Applications for Forensic Accounting, Auditing, and Fraud Detection (Wiley Corporate F A)
Benford s Law: Applications for Forensic Accounting, Auditing, and Fraud Detection (Wiley Corporate F A)
Product detailsAuthor : Mark Nigrini Pages : 352 pages Publisher : John Wiley & Sons 2012-04-27 Language : English A powerful new tool for all forensic accountants, or anyone who analyzes data that may have been altered Benford s Law gives the expected patterns of the digits in the numbers in tabulated data such as town and city populations or Madoff s fictitious portfolio returns. Those digits, in unaltered data, will not occur in equal proportions; there is a large bias towards the lower digits, so much so that nearly one-half of all numbers are expected to start with the digits 1 or 2. These patterns were originally discovered by physicist Frank Benford in the early 1930s, and have since been found to apply to all tabulated data. Mark J. Nigrini has been a pioneer in applying Benford s Law to auditing and forensic accounting, even before his groundbreaking 1999 Journal of Accountancy article introducing this useful tool to the accounting world. In Benford s Law, Nigrini shows the widespread applicability of Benford s Law and its practical uses to detect fraud, errors, and other anomalies. |

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