Applying Benford’s Law on large collections of data is an effective way of detecting fraud. In this article, we’ll introduce you to Benford’s Law, talk about how auditors are employing it in fraud detection, and introduce you to a more effective way of integrating it into an IT solution.
When it’s time to consolidate Excel data, I won’t be surprised if you wished there was an easy way.
Project initiation meetings are often skipped to fast-track projects. Once a sponsor is found, organizations go straight to project planning and execution. But based on our own experience, holding a project initiation meeting can actually eliminate many issues that may crop up in the future and hence may speed things up instead in the long run.