alleryStart learning →Benford's law, also called the first-digit law, says that in many real datasets the leading digit is likely to be what?
ALarge
BSmall
CAlways even
DAlways nine
Answer & Solution
Correct answer: B. Small
Benford's law observes that the leading digit in many real-life numerical data sets is likely to be small.
Keep practising Due Diligence
Browse all Due Diligence questions for CA Final, or explore more Auditing topics.
Related questions
Which UK Act covers confiscation of crime proceeds?Which modern technology helps forensic accountants parse large unstructured data quickly?Why not use only internal audit checklists in a fraud probe?Forensic accountants help in which family law matter?A forensic accountant checks a vendor list for names with no real business behind them. WhWhat kind of opinion must a UK expert witness give?Which ICAI certificate course suits forensic accountants?The J-score assumes that which item is harder to manipulate than an asset's inflated value