Looking Out for Number 1: Using Benford's Law in Compliance, Finance and Procurement

Benford_Law_wpBenford's Law states the seemingly counterintuitve fact that in lists of numbers from many real-life sources of data, the leading digit is distributed in a specific and non-uniform way, as opposed to roughly the same number of numbers beginning with each different digit.

This mathematic law has surprising relevance to the work of compliance, finance and procurement professionals in the areas of fraid, bribery and corruption. 

Download this short whitepaper to learn more about Benford's Law and how understanding digit distribution may help catch instances of fraud. 

Download the Whitepaper

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