Benford's law can help detect fraud by
A) Establishing weaknesses in the accounting controls system
B) Identifying accounting anomalies
C) Identifying employees that are a high risk for fraud
D) Showing attempts by fraudsters to make stolen amounts look random

Question

Quizplus · Accepted Answer

A: Incorrect - Benford's law does not show weaknesses in the controls
B: Incorrect - Benford's law does not identify accounting anomalies
C: Incorrect - Benford's law cannot identify high-risk employees
D: Correct

Benford's Law Can Help Detect Fraud by