Which of the following types of data is BEST suited for a BenfordTs Law analysis?
A.
Employee identification numbers
B.
Telephone numbers
C.
A listing of payment amounts
D.
Vendor addresses
The Answer Is:
C
This question includes an explanation.
Explanation:
The Fraud Examiners Manual explains:
“Benford’s Law applies to data that is not assigned (such as IDs or phone numbers) but that occurs naturally in transactions. For example, payment amounts, invoice values, and expense reimbursements are well suited.”
Thus, payment amounts are best suited for Benford’s Law.
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