How to Detect Fraud in Business, Accounting? Benford's Law Explained

Benford's law easy explanation. There is a really simple law that explains how to detect fraud when there are numbers involved. It can
help you detect accounting fraud, and election fraud and help you get an idea of whether the given data has been altered or not. It's called
Benford's law, and we're talking about it in this episode of the FutureIQ podcast with Dr. Navin Kabra and RJ. Shrikant.

Let's understand what is Benford's law. How does Benford's law work?
What are the examples of Benford's law? What are the real-life
applications of Benford's law and everything else that will help you
detect auditing, business, accounting and other types of fraud?

Hope you enjoyed FutureIQ by Navin Kabra and Shrikant Joshi. Do hit us
up on Twitter:
@ngkabra http://twitter.com/ngkabra
@shrikant https://twitter.com/shrikant

Listen it on the podcast provider of your choice: https://tapthe.link/FutureIQRSS
Watch this episode on YouTube: https://youtu.be/JHA2QpJKGN4

Chapters:
00:00 Introduction
00:45 Detecting frauds
03:33 How it works?
04:45 Real life examples
05:18 How to detect frauds?
07:10 Iran's election fraud
09:20 Can you fool it?
11:12 Real life applications

#futureiq #benfordslaw