First significant digit law and fraud detection in factoring data

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

Research output: Contribution to conferencePaperpeer-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 languageEnglish
Publication statusPublished - 2004
EventProceedings of Information Systems Architecture and Technology ISAT 2004 - Wroclaw, Poland
Duration: 1 Jan 2004 → …

Conference

ConferenceProceedings of Information Systems Architecture and Technology ISAT 2004
Country/TerritoryPoland
CityWroclaw
Period1/01/04 → …

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