Benford's Law: A Valuable Audit Tool

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Field of Study
Auditing
Course Level
Update
Vendor
BPN, Inc ACPEN

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$109.00
Non-Member
$109.00
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Saturday, Dec 7, 2019
2:00pm – 4:00pm

Numbers—and especially the digits within those numbers—can conceal a lot of information. Benford's Law is the key to unlocking that information. This session will explain what Benford's Law is, how it works, and how it can be used to reveal bogus information and made-up data. Accountants and auditors should understand how to use this valuable audit tool. The session will also describe other digital analysis techniques that can be used to reveal evidence of fraud. But, if you take this course, you must promise not to reveal the secrets behind these techniques to any fraud perpetrators.

Numbers—and especially the digits within those numbers—can conceal a lot of information. Benford's Law is the key to unlocking that information. This session will explain what Benford's Law is, how it works, and how it can be used to reveal bogus information and made-up data. Accountants and auditors should understand how to use this valuable audit tool.  The session will also describe other digital analysis techniques that can be used to reveal evidence of fraud.  But, if you take this course, you must promise not to reveal the secrets behind these techniques to any fraud perpetrators.

Designed For

Internal and external auditors at all levels; risk management and compliance specialists at all levels

Course Objectives

*Understand what digital analysis is, how it works, and why it works

*Understand Benford’s Law, when it works, and how it works

*Understand other digital analysis techniques

*Understand how to apply digital analysis techniques to detect fraudulent transactions

Major Subjects

*Fraud

*Fraud detection

*Data analysis

*Digital analysis

*Benford’s Law

Prerequisites

None

The start date for this course has passed. Registration is no longer available.