Using Benford's Law to Predict the Risk of Financial Statement Fraud in Equity Crowdfunding Offerings
Purpose – This research will use Benford’s Law to identify high and low fraud risk in equity crowdfunders’ financial statements provided to investors. I also test whether nonconformity to Benford’s…
Benford’s law and distribution functions of sequences in (0, 1)
Applying the theory of distribution functions of sequences xn ∈ [0, 1], n = 1, 2, ..., we find a functional equation for distribution functions of a sequence xn and show that the satisfaction of this…
The Focus is the Sampling Theory in the Fields of Traditional Accounting Audit and Digital Audit: testing the Newcomb-Benford Law for the first digit of in public accounts
There is a strong sign of overinvoicing and fractioning of expenses to dodge the limit established by Federal Law No. 8666/93, which disciplines acquisitions by bid.
Machine learning approaches for localized lockdown during COVID-19: a case study analysis
- Computer ScienceArXiv
Different techniques of machine learning, deep learning, data mining and statistics can be used together to produce important results when dealing with pandemic data and offer an alternative to the ineffective measures that have been used.
Digit analysis for Covid-19 reported data
The coronavirus which appeared in December 2019 in Wuhan has spread out worldwide and caused the death of more than 280,000 people (as of May, 11 2020). Since February 2020, doubts were raised about…
Applying Visual Analytics to Fraud Detection using Benford’s Law
- LawJournal of Corporate Accounting & Finance
An introduction to Benford’s law is provided and it is highlighted how Tableau, a visual analytics tool, can be used to perform Benford's law's first-digit test to detect potential fraud.
Testing case number of coronavirus disease 2019 in China with Newcomb-Benford law
The coronavirus disease 2019 bursted out about two months ago in Wuhan has caused the death of more than a thousand people China is fighting hard against the epidemics with the helps from all over…
Benford’s Law and Stock Market—The Implications for Investors: The Evidence from India Nifty Fifty
- BusinessJindal Journal of Business Research
Benford’s law which is also known as first digit law states that data follow a certain frequency. This law was applied to accounting by Nigrini (2012, Benford’s Law: Applications for forensic…
Targeted selection of existing aquatic in vivo bioassay data in ecotoxicological hazard quantification
- Environmental Science
Approaches to judge and apply the data selection needs to be explicitly motivated, and should be iteratively adjusted when the assessment based on the selection does not meet with the intended requirements for risk assessment.
Benford’s Law and Dunbar’s Number: Does Facebook Have a Power to Change Natural and Anthropological Laws?
- Computer ScienceIEEE Access
The SmartSocial Dataset is presented, which describes 1,826 Facebook users with lots of details, including their connections and their interactions, to test whether Facebook has the power to change natural (Benford) and anthropological (Dunbar) laws.