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Business Insider: How Forensic Accountants Use Benford’s Law to Detect Fraud

Chart illustrating Benford's Law

Sara Silverstein at Business Insider has put together a great little video on Benford’s Law, also called the First-Digit Law, which describes the frequency distribution of digits in many real-life data sets. This concise explanation of a fascinating natural data phenomenon is well worth sitting through the ad that precedes it. Plus you’ll get a tip on how to avoid getting caught if and when you cook the books.
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Bill Paarlberg
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Bill Paarlberg

Bill Paarlberg co-founded The Measurement Standard in 2002 and was its editor until July 2017. He also edits The Measurement Advisor newsletter. He is editor of the award-winning "Measuring the Networked Nonprofit" by Beth Kanter and Katie Paine, and editor of two other books on measurement by Katie Paine, "Measure What Matters" and "Measuring Public Relationships." Visit Bill Paarlberg's page on LinkedIn.
Bill Paarlberg
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