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Apply Benford's law to the transactions in the following table, assess if there is fraud occurred. Explain with chart and calculation. AMOUNT DESCRIPTION CHECK NO.

Apply Benford's law to the transactions in the following table, assess if there is fraud occurred. Explain with chart and calculation. AMOUNT DESCRIPTION CHECK NO. $ 235.65 Payment for phone bill 2011 $ 654.36 Han's aircon maintenance payment 2012 $ 4,987.36 BMWs Used Car Dealership for the truck 2013 $ 339.13 Singapore River Project for power in December 2014 $ 475.98 Singapore Custom duty 2015 $ 254.14 Grainger Corp. for power tools 2016 $ 504.17 Home DIY for outdoor fences 2017 $ 171.54 ACE Consulting for help with computer network 2018 $ 326.45 Payment to SingTel for phone bill in January 2019 $ 477.67 DBS foe loan payment 2020 Benford's Law Distribution Table Leading Digit Benford's Law Distribution 1 30.10% 2 17.61% 3 12.49% 4 9.69% 5 7.92% 6 6.69% 7 5.80% 8 5.12% 9 4.58%

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