A Statistical Foundation to Forensic Analytics
The firm's principal is adept at using statistical methods in forensic accounting — including Benford's Law to uncover potentially fabricated financial accounts and statements.
Benford's Law describes the naturally occurring frequency distribution of leading digits in many real-world numerical datasets. Authentic financial data closely follows this predictable distribution; fabricated or manipulated figures often do not — a discrepancy that skilled forensic analysis can detect and quantify.
The principal's primary research interest is in the first-two digit realm, a more targeted approach to Benford's Law.
Drake, P. D., & Nigrini, M. J. (2000). Computer assisted analytical procedures using Benford's Law. Journal of Accounting Education, 18(2), 127–146.