UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 11
November-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRM006007


Registration ID:
191580

Page Number

66-73

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Title

BENFORD’S LAW: A DETAILED UNDERSTANDING AND ITS APPLICATION IN DETECTING ACCOUNTING SCAMS

Abstract

This paper seeks to explain the definition and formula of Benford’s Law and provides the statistical test used to check for its compliance. The law has also been used to identify the accounting fraud on the basis of the quarterly reports of two companies. The two companies on which such model has been applied include Satyam Computer Services Limited and Reliance Industries Limited. This paper concludes with an understanding of the efficiency of he law in identifying frauds in the financial statements by having a comparative analysis of the results of both the companies.

Key Words

Benford’sLaw, statistical tests, accountingfraud, comparativeanalysis

Cite This Article

"BENFORD’S LAW: A DETAILED UNDERSTANDING AND ITS APPLICATION IN DETECTING ACCOUNTING SCAMS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 11, page no.66-73, November-2018, Available :http://www.jetir.org/papers/JETIRM006007.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"BENFORD’S LAW: A DETAILED UNDERSTANDING AND ITS APPLICATION IN DETECTING ACCOUNTING SCAMS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 11, page no. pp66-73, November-2018, Available at : http://www.jetir.org/papers/JETIRM006007.pdf

Publication Details

Published Paper ID: JETIRM006007
Registration ID: 191580
Published In: Volume 5 | Issue 11 | Year November-2018
DOI (Digital Object Identifier):
Page No: 66-73
Country: Bangalore, Karnataka, India .
Area: Commerce
ISSN Number: 2349-5162
Publisher: IJ Publication


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