• Milan Bharatkumar Undavia

The purpose of this paper is to present a brief overview of the practical applications of Benford’s Law. The most well-known and widespread application of Benford’s law is in the field of forensic auditing, in particular, in the statistical detection of accounting fraud, where “fraud” means both data fabrication and data falsification. It is widely accepted that authentic data are difficult to fabricate. Thus, standard goodness-of-fit tests, such as a chi-squared test for first and/or second significant digits, or the Ones-scaling test provide simple “red flag” tests for fraud.

Benford’s Law, BSE, Fraud.

"APPLICATION OF BENFORD'S LAW TO DETECT ACCOUNTING FRAUD IN PUNJAB & SIND BANK", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 11, page no.e402-e409, November-2022, Available :http://www.jetir.org/papers/JETIR2211468.pdf

"APPLICATION OF BENFORD'S LAW TO DETECT ACCOUNTING FRAUD IN PUNJAB & SIND BANK", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 11, page no. ppe402-e409, November-2022, Available at : http://www.jetir.org/papers/JETIR2211468.pdf