A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2018; you can also visit the original URL.
The file type is application/pdf
.
Application of Benford's Law for Fraud Detection in Financial Statements: Theoretical Review
2016
Proceedings of the 5th International Conference on Accounting, Auditing, and Taxation (ICAAT 2016)
unpublished
External auditors' ability to detect profit manipulations in the financial statements is limited. Non conformity with Benford's law gives indication of the risk that a data set contains fraud, but it does not give information which items are manipulated. Knowing profit and other financial targets set to the companies it is possible, treating profits deviation from Benford's law as probability, to identify potential financial statements with manipulated profits. In this field there has been a
doi:10.2991/icaat-16.2016.46
fatcat:rgsul7ajd5hwzhtk5zb7vfdage