
Each of the following is true about Benford's Law except:
A) Benford's law broadly identifies the possible existence of fraud, but does not identify promising leads.
B) Benford's law states that each digit (from 1 to 9) will be the first digit in a number approximately the same amount of times as every other digit.
C) A major advantage of using Benford's law to detect fraud is that it is the least expensive method to implement and use.
D) Fraud perpetrators are less likely to learn that you are analyzing data according to Benford's law because it does not involve extensive data mining queries.
Correct Answer:
Verified
Q6: ACL stands for:
A) Account coverage level.
B) Audit
Q7: All of following are methods of gathering
Q8: All of the following are red flags
Q9: Which of the following is not a
Q10: ACL is to a database as:
A) Google
Q12: Which statement is false?
A) In recent years
Q13: Which of the following illustrates the proactive
Q14: Which of the following types of software
Q15: Sampling is an effective analysis procedure for
Q16: When identifying possible frauds that may exist,
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