Benford's law can help detect fraud by:
A)establishing weaknesses in the accounting control system.
B)identifying accounting anomalies.
C)focusing on unexplained changes.
D)identifying possible attempts by fraudsters to make stolen amounts look random.

Question

Quizplus · Accepted Answer

Benford's Law can identify possible attempts by fraudsters to make stolen amounts look random. This is because Benford's Law predicts a specific distribution of first digits in naturally occurring numbers, and deviations from this distribution could indicate fraudulent activity.

Benford's Law Can Help Detect Fraud By