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Benford's law

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Noun1.Benford's law - a law used by auditors to identify fictitious populations of numbers; applies to any population of numbers derived from other numbers; "Benford's law holds that 30% of the time the first non-zero digit of a derived number will be 1 and it will be 9 only 4.6% of the time"
law of nature, law - a generalization that describes recurring facts or events in nature; "the laws of thermodynamics"


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Use Benford's Law, a statistical formula for evaluating the frequency of given values in a random sample, to expose implausible numeric data.
Audits that keep fraudsters guessing by Journal of Accountancy
The software has now been enhanced with the mathematical analysis known as Benford's Law, recognized in the finance industry as a tool to identify possible errors, potential fraud, and other irregularities.
APEX Analytix Introduces Solutions to Identify At-Risk Vendors; ... by Business Wire
This article will explain how you can turn Excel into a financial detective by using Benford's Law and customize Excel programs to perform sophisticated digital analyses that can uncover errors and fraud.
Turn Excel into a financial sleuth: an easy-to-use digital analysis ... by Rose, Jacob M. / Journal of Accountancy
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