International Journal of Management, Public Policy and Research 4(3), pp. 1-9.
ISSN/ISBN: Not available at this time. DOI: 10.55829/1ksbrx43
Abstract: Most of the frauds occurred by corporate and key managerial personnel using the loophole /absence of rules and regulations connected with the bookkeeping / accounting for their personal gain. There are new methods or models developed and used in finding fraudulent practices i.e., The fraud triangle, fraud Diamond, Altman z score and Benford’s Law. Benford’s Law is widely used for Detection of financial Fraud and crime and known as digit probability. In this study, we use Benford’s Law in Detection of financial Fraud or crime of selected public sector banks. We took a sample of top five public sector bank of India. Outcomes of study investigate that the Frequency of first digit to fourth digit of SBI, PNB, BOB, BOI and Canara bank were slightly less than or more than the normal frequency of Benford’s law and it is not exact same as Benford’s law frequency. This study concludes that if any investor wants to check or collect the evidence then he or she can use Benford’s Law in Detection of financial Fraud or crime.
Bibtex:
@article{,
author = {Ankit Joshi and Kalpesh Gelda},
year = {2025},
title = {Role of Benford’s Law in Detection of Financial Fraud or Crime of Selected Public Sector Banks in India},
volume={4},
number={3},
journal={International Journal of Management, Public Policy and Research
pages={1–9},
url = {https://www.ijmpr.org/index.php/IJMPR/article/view/330},
DOI={10.55829/1ksbrx43},
}
Reference Type: Journal Article
Subject Area(s): Accounting