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)showing attempts by fraudsters to make stolen amounts look random.

Question

Quizplus · Accepted Answer

Benford's law states that in any naturally occurring group of numbers, the first digit is most likely to be a 1, followed by 2, 3, and so on, with 9 being the least likely. If a dataset or financial statement does not follow this pattern, it may indicate manipulation or fraud. Fraudsters may try to make their stolen amounts look random to avoid detection, but Benford's law can help uncover these anomalies. Therefore, option D is the best choice.

Benford's Law Can Help Detect Fraud By