Using Pivot table & Benford Law in  Excel to Detect Fraud Transactions Auditing | Data Analytics
Channel: Farhat Lectures. The # 1 CPA & Accounting Courses
Date: 2020-05-03

IN this recording, I discuss Benford law.
Benford Law, also known as the Law of First Digits or the Phenomenon of Significant Digits, is the finding that the first digits (or numerals to be exact) of the numbers found in series of records of the most varied sources do not display a uniform distribution, but rather are arranged in such a way that the digit “1” is the most frequent, followed by “2”, “3”, and so in a successively decreasing manner down to “9”


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