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    Walid Rsd
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    This article discusses using Benford's Law to audit payment systems. Benford's Law predicts the frequency of leading digits in numerical data and can detect anomalies that may indicate fraud. The authors analyze transaction data from a payment system and find the data does not fully comply with Benford's Law, suggesting potential issues that warrant further investigation by auditors.

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    This article discusses using Benford's Law to audit payment systems. Benford's Law predicts the frequency of leading digits in numerical data and can detect anomalies that may indicate fraud. The authors analyze transaction data from a payment system and find the data does not fully comply with Benford's Law, suggesting potential issues that warrant further investigation by auditors.

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    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    13 views1 page

    Citation 26630504

    Uploaded by

    Walid Rsd
    This article discusses using Benford's Law to audit payment systems. Benford's Law predicts the frequency of leading digits in numerical data and can detect anomalies that may indicate fraud. The authors analyze transaction data from a payment system and find the data does not fully comply with Benford's Law, suggesting potential issues that warrant further investigation by auditors.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
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    Žgela, Mario & Krakar, Zdravko. (2009).

    Application of Benford's Law in Payment


    Systems Auditing. Journal of Information and Organizational Sciences. 33.

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