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da Silva, ASCD (2013)

The application of Benfordís Law in detecting accounting fraud in the Financial Sector

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 Benfordís 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 Benfordís 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