BANFORD’S LAW – TOOL FOR ACCOUNTING AND AUDITING
DOI:
https://doi.org/10.56362/Rev23102135CKeywords:
information, Benford’s law, manipulation, accounting, auditingAbstract
The information presented in the financial statements should provide an objective and true representation of the financial position and results of operations of the reporting entity.One of the instruments to reach a conclusion about the reliability of these information, which expanded with the development of information technologies, is Benford’s law. The aim of the paper is to contribute to understanding of Benford’s law, particulary the possibilities, advantages and limitations of the application of Benford’s Law.
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