________ Identifies Transactions or Users with Atypical Activity Based on the Distribution

question 47

Multiple Choice

________ identifies transactions or users with atypical activity based on the distribution of first digits and is an example of ________ analytics.

• A) Monetary unit sampling; diagnostic
• B) Monetary unit sampling; descriptive
• C) Benford's Law; diagnostic
• D) Benford's Law; descriptive

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Definitions:

AASB 13

The Australian Accounting Standards Board document that defines fair value, provides a framework for measuring fair value, and requires disclosures about fair value measurement.

AASB 141

The Australian Accounting Standards Board's standard on Agriculture, outlining the accounting treatment for agricultural activity.

IAS 41

International Accounting Standard 41, which deals with agriculture, outlining how to account for and report the financial performance and position of agricultural activities.

Biological Transformation

The process by which living organisms convert substances into different forms, such as the conversion of milk into cheese by bacteria.