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https://doi.org/10.2478/crebss-2019-0014

The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits

Ivana Cunjak Mataković ; Centar-revizija d.o.o., Croatia

Puni tekst: engleski, pdf (477 KB) str. 90-100 preuzimanja: 286* citiraj
APA 6th Edition
Cunjak Mataković, I. (2019). The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits. Croatian Review of Economic, Business and Social Statistics, 5 (2), 90-100. https://doi.org/10.2478/crebss-2019-0014
MLA 8th Edition
Cunjak Mataković, Ivana. "The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits." Croatian Review of Economic, Business and Social Statistics, vol. 5, br. 2, 2019, str. 90-100. https://doi.org/10.2478/crebss-2019-0014. Citirano 17.09.2021.
Chicago 17th Edition
Cunjak Mataković, Ivana. "The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits." Croatian Review of Economic, Business and Social Statistics 5, br. 2 (2019): 90-100. https://doi.org/10.2478/crebss-2019-0014
Harvard
Cunjak Mataković, I. (2019). 'The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits', Croatian Review of Economic, Business and Social Statistics, 5(2), str. 90-100. https://doi.org/10.2478/crebss-2019-0014
Vancouver
Cunjak Mataković I. The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits. Croatian Review of Economic, Business and Social Statistics [Internet]. 2019 [pristupljeno 17.09.2021.];5(2):90-100. https://doi.org/10.2478/crebss-2019-0014
IEEE
I. Cunjak Mataković, "The empirical analysis of financial reports of companies in Croatia: Benford distribution curve as a benchmark for first digits", Croatian Review of Economic, Business and Social Statistics, vol.5, br. 2, str. 90-100, 2019. [Online]. https://doi.org/10.2478/crebss-2019-0014

Sažetak
The financial numbers game is unfortunately alive and doing well. One of the forensic accounting techniques is based on Benford’s Law and is used for the detection of unusual transactions, anomalies or trends. The aim of this paper is to test whether the financial statements of Croatian companies deviate from Benford’s Law distribution. The financial statements of 24 companies that are in the pre-bankruptcy settlement process and 24 companies that are not in the pre-bankruptcy settlement process were analysed using the Benford’s Law test of the first digit distribution for the period from 2015 to 2018. The data used to calculate the first digits of distribution were taken from the Zagreb Stock Exchange. The chi-square test has shown that the observed companies that are not in the process of pre-bankruptcy settlement do not have the first digit distribution which follows the Benford’s Law distribution. The Kolmogorov-Smirnov Z test has shown that the distribution of the first digits from the financial statements of companies listed on the Zagreb Stock Exchange fits to Benford’s Law distribution.

Ključne riječi
Benford’s Law; Chi-square goodness-of-fit test; first digits; forensic accounting; Kolmogorov-Smirnov Z test

Hrčak ID: 229679

URI
https://hrcak.srce.hr/229679

Posjeta: 504 *