Question: Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts. Accounts: - Sales Records -

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

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