Jim Boitisse, an audit partner at Hemingway CPAs, has learned about two additional techniques that can be used in audit data analytics. They are analysis using the principles of Benford’s Law, and fuzzy logic.

He has asked you to research both concepts and report back on their purpose. He would also like you to include when they each might be useful in an audit.

Required Prepare a memo to Jim Boitisse in response to his request.