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Benford's Law (Be Sure to Answer All 3 Parts)

Question 48

Essay

Benford's Law (be sure to answer all 3 parts):
Part A: Briefly describe Benford's Law.
Part B: Draw a graph that exemplifies data which conforms to Benford's Law (i.e.,what it should look like).
Part C: Briefly describe how auditors could utilize Benford's Law while conducting testwork.

Correct Answer:

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Part A:
• The law sta...

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