The finding is that the method, as advocated, can generate large audit samples and that the accuracy rate is questionable, even when known errors are seeded into the data. A proposed Benford-based audit sampling method, which selects as the audit sample the set of transactions or balances that needs to be removed from the audit population to leave a remainder that conforms to Benford, is reviewed and reexamined.
This study reviews Benford's Law and divides the accounting applications into five categories.
Journal of Governmental & Nonprofit Accounting Teaching Notes.Journal of Governmental & Nonprofit Accounting.Journal of Emerging Technologies in Accounting Teaching Notes.Journal of Emerging Technologies in Accounting.Current Issues in Auditing Teaching Notes.AUDITING: A Journal of Practice and Theory.Issues in Accounting Education Teaching Notes.
