Journal of Emerging Technologies and Innovative Research (JETIR) 5(11), pp. 66–73..
ISSN/ISBN: Not available at this time. DOI: Not available at this time.
Abstract: This paper seeks to explain the definition and formula of Benford’s Law and provides the statistical test used to check for its compliance. The law has also been used to identify the accounting fraud on the basis of the quarterly reports of two companies. The two companies on which such model has been applied include Satyam Computer Services Limited and Reliance Industries Limited. This paper concludes with an understanding of the efficiency of the law in identifying frauds in the financial statements by having a comparative analysis of the results of both the companies.
Bibtex:
@article{,
author = {M. Aishvariya Valliammai and Syeda Suphia Fathima and Bindiya C. Mastikatte and Asra Khan},
title = {Benford’s law: A detailed understanding and its application in detecting accounting scams},
year = {2018},
journal = {Journal of Emerging Technologies and Innovative Research (JETIR)},
volume = {5},
number = {11},
pages = {66--73},
url = {https://www.jetir.org/view?paper=JETIRM006007},
}
Reference Type: Journal Article
Subject Area(s): Accounting, Statistics