Question
Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts. Accounts: - Sales Records -
Identify the behavior, error, or fraudulent scheme that could be detected when you apply Benford's Law to the following accounts.
Accounts:
- Sales Records
- Purchases
- Travel and Entertainment
- Vendor Payments
- Sales Returns
The Following are the drop-down options for accounts above
Behaviors detected using Benford's law
- Duplicate checks
- Expense approval circumvention
- Fictitious sales transactions
- Potential kickback schemes
Step by Step Solution
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Step: 1
Account Behavior detected using Benfords Law Sales records Fic...
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Information Technology Auditing
Authors: James A. Hall
4th edition
1133949886, 978-1305445154, 1305445155, 978-1133949886
