scholarly journals Base-Invariance Implies Benford's Law

1995 ◽  
Vol 123 (3) ◽  
pp. 887 ◽  
Author(s):  
Theodore P. Hill
Keyword(s):  
Benford’S Law ◽  
Benford's Law ◽  
Base Invariance

Scale-, Base-, and Sum-lnvariance

2015 ◽  
Author(s):  
Arno Berger ◽  
Theodore P. Hill
Keyword(s):  
Empirical Data ◽  
Scale Invariance ◽  
Benford’S Law ◽  
Invariance Property ◽  
Invariance Properties ◽  
Benford's Law ◽  
Base Invariance

This chapter establishes and illustrates three basic invariance properties of the Benford distribution that are instrumental in demonstrating whether or not certain datasets are Benford, and that also prove helpful for predicting which empirical data are likely to follow Benford's law closely. These are the scale-invariance property, base-invariance property, and sum-invariance property.

scholarly journals Reliability of Financial Information from the Perspective of Benford’s Law

Entropy ◽  
2021 ◽  
Vol 23 (5) ◽  
pp. 557
Author(s):  
Ionel Jianu ◽  
Iulia Jianu
Keyword(s):  
Financial Reporting ◽  
Capital Market ◽  
Financial Statements ◽  
Financial Information ◽  
Benford’S Law ◽  
Professional Judgment ◽  
Reporting Standards ◽  
Financial Reporting Standards ◽  
Benford's Law ◽  
Before And After

This study investigates the conformity to Benford’s Law of the information disclosed in financial statements. Using the first digit test of Benford’s Law, the study analyses the reliability of financial information provided by listed companies on an emerging capital market before and after the implementation of International Financial Reporting Standards (IFRS). The results of the study confirm the increase of reliability on the information disclosed in the financial statements after IFRS implementation. The study contributes to the existing literature by bringing new insights into the types of financial information that do not comply with Benford’s Law such as the amounts determined by estimates or by applying professional judgment.

Sign in / Sign up

Export Citation Format

Share Document