The Benford Tool is developed based on Benford’s law. The Benford’s law is used in detecting fraud or human tampering with financial records.
Benford's law, also known as the Newcomb–Benford law, the law of anomalous numbers, or the first-digit law, is an observation that in many real-life sets of numerical data, the leading digit is likely to be small. In sets that obey the law, the number 1 appears as the leading significant digit about 30% of the time, while 9 appears as the leading significant digit less than 5% of the time. Uniformly distributed digits would each occur about 11.1% of the time.
The tool shows comparison of Benford’s law, and the financial records posted for certain SAP document type(s).
In transaction /REM/BENFORD, input the parameters Company code, Document type and Posting Date, and select one of the output options from Line Chart/ Vertical Bar/ Horizontal Bar.
