complete the information in bold

Locate an actual fraud case that did occur, and research and explain how they used Benford’s Law. Remember to make sure you use the transfer of knowledge. Add the chart, No.com sources, APA requirements 275 words.

Additional information:

Benford’s Law won’t work on small samples. If you examine a bank account with 20 checks for the year, your sample isn’t likely to follow the predicted patterns. You need larger samples to make the test work.
The test typically won’t capture a fraudster who manipulates one or very few transactions. What does this mean? Well, you won’t catch a guy who wrote one check to himself, but you might catch someone who, through a series of transactions, manipulates the billings or payments enough to upset the predicted pattern.

There are other limitations. Not all data sets can be tested; assigned numbers, such as telephone numbers, Social Security numbers, and account numbers generally can’t be expected to follow Benford’s Law

 

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