“‘...the people who built the machine learning algorithms will use Benford's law as an input... does that vendor follow Benford's law?’”
DM
Daniel McCarville
The Audit Podcast ·
Daniel McCarville · The Audit Podcast · Ep 297: Benford's Law w/ Daniel McCarville
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
Estimated time to run a Benford analysis
Usually less than five minutes; sometimes as little as two minutes
“‘...the people who built the machine learning algorithms will use Benford's law as an input... does that vendor follow Benford's law?’”
“When we did Benford's law once for each school… we had two or three schools… their data was nowhere close to Benford's law”
“Do a cost versus benefit analysis... estimate of the return on investment of doing a ground up new process versus retrofitting an existing one.”
“You can put a dollar amount… estimates… volunteer time is worth between $30 and $32 per hour”
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