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Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts. Accounts: - Sales Records - Purchases - Travel and Entertainment - Vendor Payments - Sales Returns The Following are the

Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts.

Accounts:

- Sales Records

- Purchases

- Travel and Entertainment

- Vendor Payments

- Sales Returns

The Following are the drop-down options for accounts above

Behaviors detected using Benford's law

  • Duplicate checks
  • Expense approval circumvention
  • Fictitious sales transactions
  • Potential kickback schemes
  • Expert Answer

Account Behavior detected using Benfords Law Sales records Fic View the full answer


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Related Book For  answer-question
Information Technology Auditing

Information Technology Auditing

ISBN: 978-1133949886

4th edition

Authors: James A. Hall

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Posted Date: January 31, 2021 22:48:13
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