Organizational and information support to the quality management system as a key factor in improving the competitiveness of domestic enterprises and ensuring their faster access to world and EU markets

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Organizational and information support to the quality management system as a key factor in improving the competitiveness of domestic enterprises and ensuring their faster access to world and EU markets (en)
Организационе и информационе подршке систему управљања квалитетом као кључним фактором повећања конкурентности наших предузећа и њихиовог бржег изласка на светско и ЕУ тржиште (sr)
Organizacione i informacione podrške sistemu upravljanja kvalitetom kao ključnim faktorom povećanja konkurentnosti naših preduzeća i njihiovog bržeg izlaska na svetsko i EU tržište (sr_RS)
Authors

Publications

Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation

Pavlović, Vladan; Knežević, Goranka; Joksimović, Marijana; Joksimović, Dušan

(Budapest : Akadémiai Kiadó, 2019) 

TY  - JOUR
AU  - Pavlović, Vladan
AU  - Knežević, Goranka
AU  - Joksimović, Marijana
AU  - Joksimović, Dušan
PY  - 2019
UR  - http://jakov.kpu.edu.rs/handle/123456789/1526
AB  - Benford’s Law is a useful tool for detecting fraud in financial statements. In this paper we test the
financial item named ‘Work performed by the undertaking for its own purpose and capitalised’
applying this tool. The data are taken from the financial reports of all companies submitted to the
Serbian Business Register Agency for the period of 2008–2013. Our conclusion shows that there is
a very high probability that the frequency distribution of the second digit does not satisfy Benford’s
Law. In other words, it implies that certain manipulations have been usually done with the second
digit of the aforementioned item in the financial statement. This research confirms our hypothesis
that financial statement frauds are usually conducted using the second digit.
PB  - Budapest : Akadémiai Kiadó
T2  - Acta Oeconomica
T1  - Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation
VL  - 69
IS  - 2
SP  - 217
EP  - 239
DO  - 10.1556/032.2019.69.2.4
ER  - 
@article{
author = "Pavlović, Vladan and Knežević, Goranka and Joksimović, Marijana and Joksimović, Dušan",
year = "2019",
abstract = "Benford’s Law is a useful tool for detecting fraud in financial statements. In this paper we test the
financial item named ‘Work performed by the undertaking for its own purpose and capitalised’
applying this tool. The data are taken from the financial reports of all companies submitted to the
Serbian Business Register Agency for the period of 2008–2013. Our conclusion shows that there is
a very high probability that the frequency distribution of the second digit does not satisfy Benford’s
Law. In other words, it implies that certain manipulations have been usually done with the second
digit of the aforementioned item in the financial statement. This research confirms our hypothesis
that financial statement frauds are usually conducted using the second digit.",
publisher = "Budapest : Akadémiai Kiadó",
journal = "Acta Oeconomica",
title = "Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation",
volume = "69",
number = "2",
pages = "217-239",
doi = "10.1556/032.2019.69.2.4"
}
Pavlović, V., Knežević, G., Joksimović, M.,& Joksimović, D.. (2019). Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation. in Acta Oeconomica
Budapest : Akadémiai Kiadó., 69(2), 217-239.
https://doi.org/10.1556/032.2019.69.2.4
Pavlović V, Knežević G, Joksimović M, Joksimović D. Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation. in Acta Oeconomica. 2019;69(2):217-239.
doi:10.1556/032.2019.69.2.4 .
Pavlović, Vladan, Knežević, Goranka, Joksimović, Marijana, Joksimović, Dušan, "Fraud Detection in Financial Statements Applying Benford's Law with Monte Carlo Simulation" in Acta Oeconomica, 69, no. 2 (2019):217-239,
https://doi.org/10.1556/032.2019.69.2.4 . .
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