When using Benfords Law, potential suspects are less likely to know you are trying to detect fraud

Question:

When using Benford’s Law, potential suspects are less likely to know you are trying to detect fraud than if you use more direct detection techniques. (True/False)

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Fraud examination

ISBN: 978-0538470841

4th edition

Authors: Steve Albrecht, Chad Albrecht, Conan Albrecht, Mark zimbelma

See More Books

Question Posted: Dec 07, 2023 03:08 AM

See More Questions

(True and False) 1. Unusual patterns always indicate the existence of fraud. 2. ODBC is the best approach to import because it achieves a direct, rich connection to the source database. 3....
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
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...
A charged isolated metal sphere of diameter 10 cm has a potential of 8000 V relative to V = 0 at infinity. Calculate the energy density in the electric field near the surface of the sphere.
CASH DIVIDENDS, STOCK DIVIDEND, AND STOCK SPLIT During the year ended December 31, 20--, Baggio Company completed the following transactions: Apr. 15 Declared a semiannual dividend of $0.65 per share...
Summarize how the electron transport chain functions to produce ATP in a bacterial cell versus a eukaryotic cell. Explain whether or not the term chemiosmosis accurately illustrates this process.
True or False: If $E R R>M A R R$, then $I R R>E R R>M A R R$.
Under what circumstances is it appropriate to record goodwill in the accounts? How should goodwill , properly recorded on the books, be written off in order to conform with generally accepted...
Stage duration (hours) for immatures of 2 species of blow fly when reared at several temperatures; e.g., "time to complete" the stage. The threshold temperature for all species is 10C.--------1. What...
According to Benfords Law, the first digit of natural sets of numbers will begin with a 9 more often than with an 8. (True/False)
Understanding the kinds of frauds that can occur is not important when using a data-driven detection method. (True/False)
Graph the region between the curves and use your calculator to compute the area correct to five decimal places. y = tan 2 x, y = x
Which is not a type of key? O Composite O Foreign Natural Relational O Surrogate O Candidate
A bond has a face amount of $1,000 and matures in 10 years. The semiannual interest payment is $42.5. What is the fair market value of the bond to yield a true interest rate of 8%?
A stack abstract data type (ADT) is implemented using a(n). O array O linked list heap binary search tree data structure.
Glaciers are large masses of ice that flow like rivers across the ground. Really, really slow rivers - did I mention that they're ice? Most move less than a foot per day. At one point, the San Rafael...
Explain the pattern of inheritance shown by the trait in the pedigree shown below. Give an example of a trait with this pattern of inheritance. Write the likely or possible genotypes of the...
Describe the five approaches to systems testing.
Show, if u(x, y) and v(x, y) are harmonic functions, that u + v must be a harmonic function but that uv need not be a harmonic function. Is e"e" a harmonic function?
The Ethical Dimension The jury awarded Saunders only $1,000 in statutory damages, but in the circumstances, this was the maximum allowed under the FCRA. What does the fact that the jury felt...
The E-Commerce Dimension Should the Internet make it easier or more difficult to ensure that the information provided to and by credit reporting agencies is accurate? Why?
The Global Dimension Should the court have ruled that as long as a drug has been approved for use in any country, terminally ill patients in the United States should be given access to it? Explain.
Sheffield Company manufactures deep-sea fishing rods, which it distributes internationally through a chain of wholesalers. The following data are taken from the budget prepared at the beginning of...
The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels...
The flash weighs about 8 8 kg . He is running at 2 0 0 m / s to the nearest pizza shop. Unfortunately, Booster Gold teleports out of nowhere and they collide but he is able to hold Booster in his...

When using Benfords Law, potential suspects are less likely to know you are trying to detect fraud

Question:

Step by Step Answer:

True Benfords Law is often used as a statistical tool to detect anomalies or potential fraud in ...View the full answer

Fraud examination

Students also viewed these Business questions