________ identifies transactions or users with atypical activity based on the distribution of first digits and is an example of ________ analytics.
A) Monetary unit sampling; diagnostic
B) Monetary unit sampling; descriptive
C) Benford's Law; diagnostic
D) Benford's Law; descriptive

Question

Quizplus · Accepted Answer

Benford's Law identifies transactions or users with atypical activity based on the distribution of first digits and is a diagnostic analytics technique. Monetary unit sampling is a sampling technique used in auditing to estimate the potential monetary misstatement in a financial statement account, and is not related to identifying atypical activity.

________ Identifies Transactions or Users with Atypical Activity Based on the Distribution