Benford's Law Can Help Detect Fraud By

question 7

Multiple Choice

Benford's law can help detect fraud by:

• A)establishing weaknesses in the accounting control system.
• B)identifying accounting anomalies.
• C)focusing on unexplained changes.
• D)identifying possible attempts by fraudsters to make stolen amounts look random.

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Definitions:

Goal-Setting Theories

Theories that describe how setting goals directs, motivates, and sustains human behavior to achieve those goals.

Equity Theories

Psychological theories focused on understanding how individuals perceive fairness in distribution of resources and rewards in relation to the contributions they have made.

Baby Boomers

A demographic group defined by individuals born approximately between 1946 and 1964, known for their significant impact on economy and society.

Post-WWII Era

The period following the end of the Second World War, marked by significant social, political, and economic changes worldwide.