Question: 1. Compare the first-digit frequency in the transactions in this table below with Benfords Law. What are the results? 2. Could fraud be occurring in

1. Compare the first-digit frequency in the transactions in this table below with Benford€™s Law. What are the results?
2. Could fraud be occurring in thisorganization?

AMOUNT DESCRIPTION CHECK NO Payment to US West for Cooling for fixing A/C in Dealership for Yugo truck 339.13 Internal Revenue for taxes Grainger Corp. for power Payment to US West for phone bill in January Bank of America for loan

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