Benford's Law - Basics for Internal Auditors

Instructor: Sonia Luna
Product ID: 701691
Training Level: Intermediate
  • Duration: 57 Min

recorded version

1x Person - Unlimited viewing for 6 Months
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Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Sep-2010

Training CD / USB Drive

One CD/USB is for usage in one location only.
(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This course help understand how to find out fraudulent or erroneous transactions. It will assist the auditor to understand newer techniques and tools that can help locate more meaningful sample sets.

Why Should You Attend:
This course will guide those skilled in Internal Audits to utilize TopCAATS and its related tools, (i.e. Benford’s testing as a complement to other audit techniques).

TopCAATs is a Computer Aided Audit Tools (CAATs) software package, containing over 100 tools and techniques to help auditors and other finance professionals quickly and easily analyze data, and to focus their attention on risky areas or transactions.

TopCAATs contains a wide range of tools including: Benford’s testing, monetary unit sampling, gap detection and many others. TopCAATS has 7 “Section Modules” allowing the user to quickly perform a range of tests on Trade Payables, Trade Receivables, Non Current Assets, Inventory and Journal postings. Unlike the majority of other CAATs software (which are often stand alone programs with a steep learning curve), TopCAATs is based entirely within Microsoft Excel – a program already used by every auditor and finance professional across the globe!

The familiar user interface, simple forms and color coding system ensure that required training is minimal, and you can start to reap the benefits within minutes of installing TopCAATs.

Using the same techniques employed by the FBI and the CIA, Benford’s testing is a method based upon Benford’s Law – which allows the user to quickly root out fraud and erroneous transactions.

Accreditation - NASBA
CPE Credits - 1 CPE credit
Program level – Intermediate
Program prerequisites – Education
Advance preparation – NONE
Instructional Method: Group – Live

Areas Covered in the Seminar:

  • Introduction (why TopCAATs).
  • TopCAATS and its tools.
  • Benford’s Testing (Benford’s Law).
  • 1st Digit Testing (Benford’s Law).
  • 2nd Digit Testing (Benford’s Law).
  • Results and Analysis.
  • Outliers.
  • Duplicate Data.
  • Exception Reports.
  • Questions & Answers.

Who Will Benefit:
The following individuals or disciplines will benefit from attending this Webinar:

  • Internal Auditors
  • External Auditors
  • Financial Managers
  • CFO,s
  • CEO’s
  • Accounting Department Personnel
  • SOX Consultants
  • Risk Management/ Advisory
Instructor Profile:
Sonia Luna, CPA, CIA is the founder of SOX Solutions, the only boutique consulting firm specializing in sox effort, headquartered in Southern California. Ms. Luna offers over 12 years of internal and external audit experience and having completed over 30 SOX engagements she is one of the leading authoritative authors for courses offered by Compliance Online and other continue education organizations.
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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email call +1-888-717-2436 (Toll Free).

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