View Complete Reference

Gorenc, M (2018)

Benford's law as a useful tool for auditors and forenzic accountants

Poslovodno računovodstvo - Letn. 11, ┼ít. 1 (apr. 2018), str. 5-21.

ISSN/ISBN: ISSN 1855-4032 DOI: Not available at this time.

Note - this is a foreign language paper: SLV

Abstract: Benford's law is a mathematical tool and a method to determine whether the investigated financial statements are unintentional errors or frauds. Benford's law says counterfeit numbers have a slightly different pattern than valid or random samples and that numbers fall into the pattern consistently. Benford's law is an effective method and analytical technique to assist auditors and forensic accountants in detecting and preventing frauds. Motifs and causes for fraud can be explained by a triangle of fraud, which consists of a detected pressure, perceived opportunity, and the ability to justify their doing. Benford's law is just one of the tools to detect irregularities, which can also be used in the field of data verification in the financial statements.

@article {, AUTHOR = {Gorenc, Mateja}, TITLE = {Benford's law as a useful tool for auditors and forenzic accountants}, JOURNAL = {Poslovodno računovodstvo}, YEAR = {2018}, VOLUME = {11}, NUMBER = {1}, PAGES = {5--21}, URL = {}, }

Reference Type: Journal Article

Subject Area(s): Accounting