By Alex Ely Kossovsky
This book gives a entire and in-depth account of all of the theoretical facets, effects, reasons and explanations of Benford's legislations, with a robust 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 pleasing reading.
In addition, the conceptual distinctions between digits, numbers, and amounts are explored; resulting in the key finding that the phenomenon is largely quantitative and actual, not merely electronic and numerical, constituting a systematic truth self sustaining of our arbitrarily invented positional quantity method; 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 fee said facts for compliance with this electronic legislation, 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 recognized tools and criteria within the accounting and auditing undefined; summarizing and fusing them right into a singular coherent complete; and will be understood with out deep wisdom in statistical thought or complex arithmetic. moreover, a electronic set of rules is gifted, permitting the auditor to notice fraud even if the subtle cheater knows the legislation and invents numbers hence. The set of rules employs a sophisticated internal electronic trend in the Benford's development itself. This newly stumbled on trend is deemed to be approximately common, being much more conventional than the Benford phenomenon, because it is located in all random facts units, Benford in addition to non-Benford types.
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Extra 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
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