Corporate fraud / Benford's law

One way to measure corporate fraud is look at reported numbers and see if they follow Benford's law - number sets that are manipulated usually deviate from Benford's law. A recent analysis of all public companies over the past 50 years has shown a steady upward deviation, strongly suggesting there is more corporate fraud now than ever before (peaked in 2008). [more inside]
posted by stbalbach on Oct 13, 2011 - 41 comments