Journal of Accountancy 186(5), November 1998, p. 15.
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Abstract: INTRODUCTION: Do financial statements universally favor some numbers over others? The idea seems to defy logic. In a random string of numbers pulled from a companys books, each digit, 19, would seem to have one chance in nine of starting a given number. But according to a 60-year-old formula making its way into the accounting field, some numbers really are more popular than others. A disruption in the pattern may reveal an inefficient process, an honest mistake or outright fraud. Benfords Law is the newest tool in the auditors arsenal.
Bibtex:
@article{,
AUTHOR = {Mark J. Nigrini},
ISSN = {00218448},
Journal = {Journal of Accountancy},
Number = {5},
Pages = {15},
Title = {Numerology for Accountants.},
Volume = {186},
URL = {http://www.journalofaccountancy.com/Issues/1998/Nov/audit},
Year = {1998},
}
Reference Type: Journal Article
Subject Area(s): Accounting