Question the purpose of this case is to familiarize you, Ask an Expert

Accounting

Question: The purpose of this case is to familiarize you with the Benford's Law function-ality of the ACL and IDEA software. If you have not already done so, install the software on your computer from the CD included with this textbook.

A. Open the ACL software. Locate the description of Benford's command in ACL Help. Answer the following questions:

1. What does the ACL Benford command do?

2. What caution is provided regarding the use of digital analysis tools such as the Benford command?

3. How is the Benford command activated?

B. Open the IDEA software. Locate the description of Benford's Law in IDEA Help. Answer the following questions:

1. Benford's Law analysis is most effective on data with certain characteristics. What are these characteristics?

2. Identify and briefly describe the seven steps used to perform a Benford's Law analysis.

3. What fields are contained in the database created when a Benford's Law analysis is performed?

C. Locate the descripction of Fraud Investigations in IDEA Help. Click on Payroll frauds. Answer the following questions:

1. What types of payroll frauds are described?

2. How are most payroll frauds found?

3. Describe the payroll fraud tests that can be performed using IDEA.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92569917

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question what discoveries have you made in your research

Question: What discoveries have you made in your research and how does this information inform your ability to evaluate effective coaching and its impact on organizations? Consider these guiding questions: 1. What core c ...

Question requirement 1 read the article in below attachment

Question: Requirement: 1. Read the article in below attachment, and answer the questions in a paper format. Read below requirements before your writing! 2. Not to list the answers, and you should write as a paper format. ...

Question as a financial consultant you have contracted with

Question: As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You have agreed to provide a detailed report ill ...

Question the following information is taken from the

Question: The following information is taken from the accrual accounting records of Kroger Sales Company: 1. During January, Kroger paid $9,150 for supplies to be used in sales to customers during the next 2 months (Febr ...

Assignment 1 lasa 2-capital budgeting techniquesas a

Assignment 1: LASA # 2-Capital Budgeting Techniques As a financial consultant, you have contracted with Wheel Industries to evaluate their procedures involving the evaluation of long term investment opportunities. You ha ...

Assignment 2 discussion questionthe finance department of a

Assignment 2: Discussion Question The finance department of a large corporation has evaluated a possible capital project using the NPV method, the Payback Method, and the IRR method. The analysts are puzzled, since the N ...

Question in this case you have been provided financial

Question: In this case, you have been provided financial information about the company in order to create a cash budget. Management is seeking advice or clarification on three main assumptions the company has been operat ...

Question 1what step in the accounting cycle do adjusting

Question: 1. What step in the accounting cycle do Adjusting Entries show up 2. How do these relate to the Accounting Worksheet? 3. Why are they completed at the end of each accounting period? The response must be typed, ...

Question is it important for non-accountants to understand

Question: Is it important for non-accountants to understand how to read financial statements? If you are not part of the accounting/finance function in a business what difference would it make? The response must be typed ...

Question refer to the hat rack cash flow statement 2002 in

Question: Refer to the Hat Rack Cash Flow Statement, 2002 in the text on page 17. Answer the following questions and submit to me via Canvas by the due date. 1. Cash flow from operations? 2. Cash flow from investing? 3. ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert