Naslov
Challenges of Benford’s Law goodness-of-fit testing in discovering the distribution of first digits: comparison of two industries

Autori
Dumičić, Ksenija ; Cunjak Mataković, Ivana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 15th International Symposium on Operational Research SOR'19 / Zadnik Stirn, Lidija ; Kljajić Borštnar, Mirjana ; Žerovnik, Janez ; Drobne, Samo ; Povh, Janez - Ljubljana : Slovensko društvo informatika, 2019, 290-295

ISBN
978-961-6165-55-6

Skup
15th International Symposium on Operations Research in Slovenia (SOR '19)

Mjesto i datum
Bled, Slovenija, 25.09.2019. - 27.09.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Benford’s Law ; first digit distribution ; audit risk ; fraud detection ; financial statements ; significance level ; Croatia

Sažetak
Benford’s Law is a logarithmic distribution that gives the expected patterns of digits in numerical data. Digital analysis based on Benford’s Law is used by auditors and forensic accountants to detect anomalies in financial reports. This paper describes the first digit law that predicts the appearance of expected data as to respect Benford’s distributions. The aim of this paper was to test whether the financial statements from selected companies of two industries from Croatia comply with Benford’s Law of first digit. The paper demonstrates the difference in performance of two compared industries’ results.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA