A mathematical algorithm that predicts the percentage of the time each digit will appear in a sequence of numbers:
A) Inductive fraud detection
B) Deductive Fraud detection
C) Benford's law
D) Horizontal Analysis
E) Vertical Analysis

Question

Quizplus · Accepted Answer

A: A is Proactively search for fraud by identifying anomalies or unusual or unexpected patters and relationships.
B: B is determining the types of frauds that can occur and then using query techniques and other methods to determine if those frauds may actually exist.
C: Correct
D: D is a tool that determines the percentage change in balance sheet and income statement numbers from one period to the next.
E: E is a tool that converts financial statement numbers to percentages so that they are easy to understand and analyze.

A Mathematical Algorithm That Predicts the Percentage of the Time