Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 42(2), pp. 316–326.
ISSN/ISBN: Not available at this time. DOI: 10.14780.muiibd.854444
Abstract: Despite measures taken by firms to prevent fraud, it has been found in recent studies that losses derived from fraudulent activities are increasing on a global basis. International standards on auditing do not define which analytical approaches and technological tools to be used in performing audit. Decisions are left on the auditor’s judgment. Auditors try to use digital techniques to deal with mass data sets generated by firms. Academic research may mislead practitioners as controversial outcomes exist in literature concerning empirical research. Benford’s Law (BL) is one of the methods used frequently in digital analysis. Although some researchers defend the use of BL in audit, especially in fraud detection, this paper disputes its effectiveness for expense cycle. Different firm’s data are tested to conclude that the use of BL is not appropriate for expense items. The reasons of this deficiency are explained in this paper.
Bibtex:
@article{,
author = {Emre ERGİN and İlkay Ejder ERTURAN},
title = {Is Benford’s Law Effective in Fraud Detection for Expense Cycle? },
year = {2020},
journal = {Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi},
volume = {42},
number = {2},
pages = {316-–326},
doi = {10.14780.muiibd.854444}.
}
Reference Type: Journal Article
Subject Area(s): Accounting