Required information Lab Note: The tools presented in this lab periodically change. Updated instructions, if applicable, can be found in the eBook and lab walkthrough videos in Connect. Case Summary: As an internal auditor, you are tasked with evaluating audit objectives and identifying patterns of behavior. A popular tool for understanding patterns in data is called Benford's law or the distribution of first digits. Not only can this be used to identify data that don't match the expected behavior, it also shows who might be making these types of transactions where you as an auditor can focus your attention. Data: Lab 6-2 OK PCard ADS.zip - 19MB Zip / 20MB Excel Q1. What does calculating the Benford Average tell us about individuals? Q2. What can we learn by looking at an individual's transactions through the lens of Benford's law? Q3. As an auditor, why would we be concerned with a high volume of transactions that exceed the Benford Expected value? Required information Lab Note: The tools presented in this lab periodically change. Updated instructions, if applicable, can be found in the eBook and lab walkthrough videos in Connect. Case Summary: As an internal auditor, you are tasked with evaluating audit objectives and identifying patterns of behavior. A popular tool for understanding patterns in data is called Benford's law or the distribution of first digits. Not only can this be used to identify data that don't match the expected behavior, it also shows who might be making these types of transactions where you as an auditor can focus your attention. Data: Lab 6-2 OK PCard ADS.zip - 19MB Zip / 20MB Excel Q1. What does calculating the Benford Average tell us about individuals? Q2. What can we learn by looking at an individual's transactions through the lens of Benford's law? Q3. As an auditor, why would we be concerned with a high volume of transactions that exceed the Benford Expected value