By Alex Ely Kossovsky
This book gives a entire and in-depth account of the entire theoretical elements, effects, reasons and explanations of Benford's legislation, with a powerful emphasis at the connection to real-life information and the actual manifestation of the legislations, and will function a reference in addition to a textual content for courses. The transparent exposition, parables facilitating instinct, and concentration on visual representations, make for simple, enlightening, and unique reading.
In addition, the conceptual distinctions between digits, numbers, and amounts are explored; resulting in the key finding that the phenomenon is basically quantitative and actual, not merely electronic and numerical, constituting a systematic fact self sufficient of our arbitrarily invented positional quantity process; originating from the fact that in severe generality, nature creates many small amounts yet very few big ones, corroborating the motto "small is beautiful".
Fraudsters tend to be no longer conscious of this electronic development and have a tendency to invent numbers with nearly equivalent electronic frequencies. The electronic analyst can simply payment stated information for compliance with this electronic legislations, permitting the detection of tax evasion, Ponzi schemes, and different monetary scams. The forensic fraud detection part during this e-book is written in a really concise and reader-friendly kind; collecting all identified equipment and criteria within the accounting and auditing undefined; summarizing and fusing them right into a singular coherent complete; and will be understood with no deep wisdom in statistical thought or complicated arithmetic. furthermore, a electronic set of rules is gifted, permitting the auditor to become aware of fraud even if the delicate cheater knows the legislations and invents numbers hence. The set of rules employs a sophisticated internal electronic trend in the Benford's development itself. This newly chanced on trend is deemed to be approximately common, being much more universal than the Benford phenomenon, because it is located in all random info units, Benford in addition to non-Benford types.
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Additional info for Benford's Law : Theory, the General Law of Relative Quantities, and Forensic Fraud Detection Applications
Benford's Law : Theory, the General Law of Relative Quantities, and Forensic Fraud Detection Applications by Alex Ely Kossovsky