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.
|Publication status||Published - 2004|
|Event||Proceedings of Information Systems Architecture and Technology ISAT 2004 - Wroclaw, Poland|
Duration: 1 Jan 2004 → …
|Conference||Proceedings of Information Systems Architecture and Technology ISAT 2004|
|Period||1/01/04 → …|