Multiple Choice
Benford's Law is:
A) An algorithm that predicts the probability of fraud within the company.
B) A tool that converts financial statements to percentages
C) An algorithm that accurately predicts the probability of selected digits of groups of numbers in a random sample.
D) The number of dollars of borrowed funds for every dollar invested.
Correct Answer:

Verified
Correct Answer:
Verified
Q27: Individuals use financial statements to best detect
Q28: Which of the following methods of data
Q29: Detecting fraud through financial statement ratios is
Q30: A mathematical algorithm that predicts the percentage
Q31: What is the most direct approach to
Q33: Which of the following proactive fraud detection
Q34: Which of the following frauds would require
Q35: All of the following are data analysis
Q36: ACL stands for:<br>A) Account coverage level.<br>B) Audit
Q37: Benford's law states that five will be