First significant digit law and fraud detection in factoring data

A. Long; O. Pavlova; O. Pechinkina; Lillian Clark

First significant digit law and fraud detection in factoring data

A. Long, O. Pavlova, O. Pechinkina, Lillian Clark

Research output: Contribution to conference › Paper › peer-review

Abstract

Recent research and applications papers have shown the first significant digit law, also known as Benford’s Law, to be a powerful tool in detecting fraud in tax returns and other business applications. However, applying the law to business problems is not altogether straightforward. This paper presents an overview of the theory behind Benford’s Law with a case study on applying this methodology to detect fraud in factoring, along with points to consider for effective use.

Original language	English
Publication status	Published - 2004
Event	Proceedings of Information Systems Architecture and Technology ISAT 2004 - Wroclaw, Poland Duration: 1 Jan 2004 → …

Conference

Conference	Proceedings of Information Systems Architecture and Technology ISAT 2004
Country/Territory	Poland
City	Wroclaw
Period	1/01/04 → …

Cite this

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title = "First significant digit law and fraud detection in factoring data",

abstract = "Recent research and applications papers have shown the first significant digit law, also known as Benford{\textquoteright}s Law, to be a powerful tool in detecting fraud in tax returns and other business applications. However, applying the law to business problems is not altogether straightforward. This paper presents an overview of the theory behind Benford{\textquoteright}s Law with a case study on applying this methodology to detect fraud in factoring, along with points to consider for effective use.",

author = "A. Long and O. Pavlova and O. Pechinkina and Lillian Clark",

year = "2004",

language = "English",

note = "Proceedings of Information Systems Architecture and Technology ISAT 2004 ; Conference date: 01-01-2004",

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TY - CONF

T1 - First significant digit law and fraud detection in factoring data

AU - Long, A.

AU - Pavlova, O.

AU - Pechinkina, O.

AU - Clark, Lillian

PY - 2004

Y1 - 2004

N2 - Recent research and applications papers have shown the first significant digit law, also known as Benford’s Law, to be a powerful tool in detecting fraud in tax returns and other business applications. However, applying the law to business problems is not altogether straightforward. This paper presents an overview of the theory behind Benford’s Law with a case study on applying this methodology to detect fraud in factoring, along with points to consider for effective use.

AB - Recent research and applications papers have shown the first significant digit law, also known as Benford’s Law, to be a powerful tool in detecting fraud in tax returns and other business applications. However, applying the law to business problems is not altogether straightforward. This paper presents an overview of the theory behind Benford’s Law with a case study on applying this methodology to detect fraud in factoring, along with points to consider for effective use.

M3 - Paper

T2 - Proceedings of Information Systems Architecture and Technology ISAT 2004

Y2 - 1 January 2004

ER -

First significant digit law and fraud detection in factoring data

Abstract

Conference

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