Academic research addresses the conceptual issues outlined in this chapter. To help you consider the linkage between academic research and the practice of auditing, read the following research article and answer the questions below.
Nigrini, M., & Mittermaier, L. (1997). The Use of Benford's Law as an Aid in Analytical Procedures. Auditing: A Journal of Practice & Theory 16(2):52-67.
i. What is the issue being addressed in the paper?
ii. Why is this issue important to practicing auditors?
iii. What are the findings of the paper?
iv. What are the implications of these findings for audit quality (or audit practice) on the audit profession?
v. Describe the research methodology used as a basis for the conclusions.
vi. Describe any limitations of the research that the student (and practice) should be aware of.