Benford's Law and Other Digital Analysis Techniques

Overview

Numbers and especially the digits within those numbers can conceal a lot of information.  Benford's Law and other digital analysis techniques can be the keys to unlocking that information.  This session will explain what Benford's Law is, how it works, and how it can be used to reveal bogus information and made-up data.  Accountants and auditors should understand how to use this valuable audit tool as well as other digital analysis techniques.  But, if you attend this session, you must promise not to reveal the secret behind these techniques to any fraud perpetrators.

Prerequisites

None

Objectives

• How and why Benford’s Law works (and when it doesn’t)
• When to apply Benford’s Law
• Data analysis software that can perform Benford’s Law tests
• Other valuable digital analysis techniques
• Cases studies and success stories

Highlights

• Benford’s Law
• Digital Analysis
• Data analytics