Forensic accountants now deploy AI algorithms to monitor every single financial transaction in a company in real time, constantly scanning for anomalies.
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speaker_1HOST
23:29
And they are using fascinating statistical tools to do it, like Benford's Law.
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speaker_0HOST
23:33
OK, I saw that in the sources.
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speaker_0HOST
23:35
How exactly does Benford's law catch fraud?
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speaker_1HOST
23:38
It's a mathematical principle regarding the frequency of leading digits in naturally occurring data sets.
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speaker_0HOST
23:43
OK.
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