“‘...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 ·
“Let's do Benford's law once for each bank… the bank from United Arab Emirates… 25% of their transactions start in nine”
Daniel McCarville · The Audit Podcast · Ep 297: Benford's Law w/ Daniel McCarville
Play from 25:31
25:31
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What was described
Apply Benford's law per bank (or per country) using Power BI interactive filters to flag banks whose transaction amounts deviate strongly
Said nearby on the same subject
“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”
DM
Daniel McCarville
The Audit Podcast ·
“Introduction of a new China central bank-type tool requiring banks to set aside cash with the Reserve Bank of India for some foreign exchange transactions”
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Said on The Core Report
“When you start this firm, you would be applying for financing from a public bank the same way you would apply for financing today. You would have to have a business plan. You would have to receive a loan that would be at a interest rate that the bank feels comfortable with.”
BS
Bhaskar Sankara
Odd Lots ·
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