Benford's Law describes the expected frequency pattern of the digits in real-life data sets, especially the prevalence of lower digits as the leading digit. This mathematical law is often used in forensic accounting and fraud investigations.
A forensic accountant is a professional who applies accounting principles, theories, and discipline to uncover facts and hypotheses relevant to legal disputes. They integrate investigative and accounting skills to analyze financial statements and numbers.
Forensic accounting involves using accounting, auditing, and investigative skills to conduct an examination of a company's financial statements for use in legal proceedings or to uncover fraud.
