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Do you suspect possible fraud? Why? Make an appropriate Explanation. By examining first digits, Company XXX suspects fraud. You are asked to review the sample
Do you suspect possible fraud? Why? Make an appropriate Explanation.
By examining first digits, Company XXX suspects fraud. You are asked to review the sample of invoices shown on the previous page to see if they make sense. You are familiar with several fraud detection methods and are eager to try out Benford's Law. CASE 11 $149,200.00 $1,134.00 1,444.00 446.00 1,756.00 INVOICE AMOUNTS $19,489.00 12,485.00 26,995.00 235,535.00 59,155.00 109,995.00 678.00 91.59 456.00 2,250.00 341.00 38,005.00 890.00 45,465.00 212,536.00 402.00 112,495.00 467.00 137,500.00 685.00 765.00 234.00 465.00 37,300.00 1,516.00 435.00 375.00 36,231.00 26,695.00 1,045.00 679.00Step by Step Solution
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