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Jianu, Io and Jianu, Iu (2021)

Reliability of Financial Information from the Perspective of Benford’s Law

Entropy 23(5), article no. 557.

ISSN/ISBN: Not available at this time. DOI: 10.3390/e23050557

Abstract: This study investigates the conformity to Benford’s Law of the information disclosed in financial statements. Using the first digit test of Benford’s Law, the study analyses the reliability of financial information provided by listed companies on an emerging capital market before and after the implementation of International Financial Reporting Standards (IFRS). The results of the study confirm the increase of reliability on the information disclosed in the financial statements after IFRS implementation. The study contributes to the existing literature by bringing new insights into the types of financial information that do not comply with Benford’s Law such as the amounts determined by estimates or by applying professional judgment.

@Article{e23050557, AUTHOR = {Jianu, Ionel and Jianu, Iulia}, TITLE = {Reliability of Financial Information from the Perspective of Benford’s Law}, JOURNAL = {Entropy}, VOLUME = {23}, YEAR = {2021}, NUMBER = {5}, ARTICLE-NUMBER = {557}, URL = {}, ISSN = {1099-4300}, DOI = {10.3390/e23050557}, }

Reference Type: Journal Article

Subject Area(s): Accounting