Obtain an article written by Durtschi, Hillison, and Pacini entitled “ The Effective Use of Benford’s Law to Assist in Detecting Fraud in Accounting Data,” published in the Journal of Forensic Accounting in 2004 ( Volume V, pp. 17– 34). Summarize the article in a memo to your professor. At a minimum, you should address:
1. The history of Benford’s Law
2. The application of Benford’s Law to auditing and accounting
3. When to use digital analysis