Masters Thesis, Lisboa School of Economics & Management.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Abstract: This study aims to apply Benford's Law in detecting accounting fraud on the analysis of net income from listed financial companies, through years 2003-2012. Its main purpose is to confirm whether Benford’s Law is still valid after the 2007/2008 financial crisis. To measure the statistical significance, a Z test with a 95% confidence interval was employed. With the exception of a sample showing positive net income after 2008, for the digits 1, 6 and 9, it was confirmed that our sample follows Benford's Law which demonstrates the effect of the 2007/2008 crises on financial companies.
Bibtex:
@thesis{,
AUTHOR = {{Am{\'e}lia Sofia Carvalho Dami{\~a}o} {Da Silva}},
TITLE = {The application of Benford’s Law in detecting accounting fraud in the Financial Sector},
SCHOOL = {Lisboa School of Economics & Management},
YEAR = {2013},
MONTH = {September},
TYPE = {Thesis ({masters})},
URL = {https://www.repository.utl.pt/bitstream/10400.5/11030/1/DM-ASCDS-2013.pdf},
}
Reference Type: Thesis
Subject Area(s): Accounting