Benfords Law is: a. The most expensive of all the digital analysis methods to implement and use.
Question:
Benford’s Law is:
a. The most expensive of all the digital analysis methods to implement and use.
b. The most effective way to identify actual frauds.
c. A method that uses vertical financial statement analysis.
d. An effective way to identify anomalies in data sets.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The correct answer is d An effective way to identify anomalies ...View the full answer
Answered By
Payal Mittal
I specialize in finance and accounts.You can ask any question related to til undergradution.Organizational behaviour and HRM are my favourites for you can always relate to them and is an art with practical knowledge base.
4.90+
226+ Reviews
778+ Question Solved
Related Book For
Fraud examination
ISBN: 978-0538470841
4th edition
Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma
Question Posted:
Students also viewed these Business questions
-
(Multiple choice) 1. When vertical analysis is performed: a. Ratios are used to detect fraud. b. Changes in significant balance totals are examined. c. Financial statement balances are converted to...
-
Create a conclusion to following work. Hotels form an uninterrupted narrative of a story, filling guests with emotions that define their stay. They have ceased to be considered one-dimensional places...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Please answer the following. Show your calculations for potential partial credit. Assume the expected return on the market is 14 percent and the risk-free rate is 4 percent. A.)What is the expected...
-
Using the information given in Exercise 5Apx-1B, prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum-of-the-years-...
-
Required 1. Calculate total prime costs and total conversion costs. 2. Calculate total inventoriable costs and period costs. 3. Design costs and R& D costs are not considered product costs for...
-
In 2013, Thomas DePrince, a passenger aboard a cruise ship, visited the ships jewelry boutique, operated by Starboard Cruise Services, Inc. DePrince told the employees of the boutique that he was...
-
Condensed financial data of Fairchild Company for 2010 and 2009 are presented below. Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant...
-
If V f(xz, y/z), prove that zV =xVx-yVy. =
-
Which of the following is an advantage of using data analysis software to detect fraud? a. It is a static approach, and results cannot be recombined in different ways. b. Data analysis software can...
-
If a search reveals that an employee and a vendor have the same telephone number, this result may indicate that: a. Vendors are overcharging for goods purchased. b. Employees may be establishing...
-
How do you think planning in todays organizations compares to planning twenty-five years ago? Do you think planning becomes more important or less important in a world where everything is changing...
-
ces Product Life Cycle All products pass through a product life cycle of four stages: introduction, growth, maturity, and decline. Throughout these different stages, marketers have to work extremely...
-
Corporate Finance: Hw Instructions: [1] Please classify each transaction on the table [2] Transfer the date from the table to statement of cashflow [1] Item Account Receivable Account Payable...
-
Donna has been allocating Manufacturing Overhead (MOH) costs to her products using a single plant-wide rate of $13.00 per Direct Labor (DL) hour. A recent job required 340 DL hours, 42 production...
-
On August 30, 2022, Verbridge Inc. sold a capital asset for $450,000. The asset had an adjusted tax basis of $600,000. In addition to the sale, for tax year 2022 Verbridge has operating income from...
-
For problems 1-4, Let A = {1,2,3), B = {x,y,z,w), C = {0, p}, D = {r,E,n} (1 2 3 1. Consider f: A B given by ( x 3) zx a. Is f injective? Explain. Is f surjective? Explain. c. What is the range of...
-
Using the Web (or past issues of computer industry magazines, such as Computerworld), locate a system that runs in a server-based environment. On the basis of your reading, why do you think the...
-
Big Jim Company sponsored a picnic for employees and purchased a propane grill equipped with a standard-sized propane tank for the picnic. To make sure there was enough propane for all the cooking...
-
In 1993, TOG Acquisition Co. attempted to acquire the Orleander Group, a manufacturer of bicycle accessories, but failed for lack of financing. Orleander then granted to Herrick Co. an exclusive...
-
Westbury Properties, Inc., and others (collectively, the Westbury group) owned, managed, and developed real property. Jerry Stoker and the Stoker Group, Inc. (the Stokers), also developed real...
-
A Certificate of Formation (CF) for Grupo Dos Chiles, LLC, was filed with the Delaware secretary of state in February 2000. The CF named Jamie Rivera as the initial member.The next month, Jamies...
-
Data concerning Follick Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 350.00 $ 73.50 $ 179,330 The break-even in monthly dollar...
-
Herbert, Inc., acquired all of Rambis Company's outstanding stock on January 1, 2020, for $622,000 in cash. Annual excess amortization of $11,300 results from this transaction. On the date of the...
-
Roak Company and Clay Company are similar firms that operate in the same industry. Clay began operations 2 years ago and Roak started 5 years ago. In the current year, both companies pay 8% interest...
Study smarter with the SolutionInn App