Technology In Auditing Using Benford?s Law

engine room in Auditing Using Benford?s right Technology in Auditing Using Benfords Law What started break through as a curious observation by an stargazer in 1881 has the potential to have a significant repair on the audit profession 125 years later. In 1881, the astronomer Simon Newcomb noticed that the front pages of his logarithmic tables frayed hot than the substitute of the pages. Newcomb concluded the commencement ceremony digit is oftener 1 than either other digit. Newcomb quantified the probability of the occurrence of the diverse digits as being the first digit and as fountainhead as the second digit.

For the most part, Newcomb just considered it a wonderment and leftfield it at that. (Caldwell 2004) In the 1920s, a physicist at the GE interrogative Laboratories, Frank Benford, thought it more than a curiosity and conducted stretch testing of naturally occurring data and computed the expected frequencies of the digits. In project over 1, there is a table of these expected frequencies for the first fo...If you command to get a full essay, order it on our website: OrderEssay.net

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