Forensic accounting and Benford's law

Bhattacharya, Sukanto and Kumar, Kuldeep (2008) Forensic accounting and Benford's law. IEEE Signal Processing Magazine, 25 2: . doi:10.1109/MSP.2007.914724


Author Bhattacharya, Sukanto
Kumar, Kuldeep
Title Forensic accounting and Benford's law
Journal name IEEE Signal Processing Magazine   Check publisher's open access policy
ISSN 1053-5888
1558-0792
Publication date 2008-01-01
Year available 2008
Sub-type Article (original research)
DOI 10.1109/MSP.2007.914724
Open Access Status
Volume 25
Issue 2
Total pages 2
Place of publication Piscataway, NJ United State
Publisher Institute of Electrical and Electronics Engineers
Language eng
Subject 2208 Electrical and Electronic Engineering
1711 Signal Processing
Abstract In the field of forensic accounting, the use of Benford's Law (BL) is relevant in identifying misrepresented information in corporate financial statement. Such information was used to fraudulently misappropriate company funds, cover up illegal transactions, and evade taxation. The BL is playing an important role in detecting corporate frauds on traditional investigative accounting methods and techniques like manual verification of records. BL has also been used in image processing for the identification of forged currency works of art. Overall, BL-based SP tools hold the promise of better solutions for the identification of financial fraud.
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collection: UQ Business School Publications
 
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