In Proceedings of 15th International Symposium on Operational Research SOR'19, Zadnik Stirn, L., Kljajić Borštnar, M., Žerovnik, J., Drobne, S., Povh, J. (Eds.), Slovenian Society Informatika, Section for Operational Research, Ljubljana, pp. 290-295.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Abstract: Benford’s Law is a logarithmic distribution that gives the expected patterns of digits in numerical data. Digital analysis based on Benford’s Law is used by auditors and forensic accountants to detect anomalies in financial reports. This paper describes the first digit law that predicts the appearance of expected data as to respect Benford’s distributions. The aim of this paper was to test whether the financial statements from selected companies of two industries from Croatia comply with Benford’s Law of first digit. The paper demonstrates the difference in performance of two compared industries’ results.
Bibtex:
@inproceedings{,
author = {Dumičić, Ksenija and Cunjak Mataković, Ivana},
year = {2019},
pages = {290--295},
isbn = {978-961-6165-55-6},
title = {Challenges of Benford’s Law goodness-of-fit testing in discovering the distribution of first digits: comparison of two industries},
booktitle = { Proceedings of the 15th International Symposium on Operational Research SOR'19},
editor = { Zadnik Stirn, L. and Kljajić Borštnar, M. and Žerovnik, J. and Drobne, S. and Povh, J.
publisher = {Slovenian Society Informatika, Section for Operational Research},
address = {Bled, Slovenija},
}
Reference Type: Conference Paper
Subject Area(s): Accounting