Multiple Choice
One of the major disadvantages of Benford's law in detecting fraud is:
A) You know exactly what you are looking for.
B) It is a fairly expensive method to use.
C) You have enormous amounts of information to sift through.
D) It only broadly identifies the possible existence of fraud and can include non-fraud factors.
Correct Answer:

Verified
Correct Answer:
Verified
Q10: True or false: Spreadsheets are not very
Q11: All of the following are red flags
Q12: Which of the following types of software
Q13: The data-driven method of fraud detection does
Q14: An appropriate red flag search to detect
Q16: Horizontal analysis is performed when:<br>A) Total assets
Q17: Which of the following is the most
Q18: When using financial statement analysis, which ratio
Q19: Which of the following is the most
Q20: The quick ratio is calculated as:<br>A) Current