Benford’s Law in Excel – Part Two

Benford’s law is used in auditing to identify data sets that may have been manipulated or adjusted. In my previous post I created a report to analyse a data set based on Benford’s Law. In this post we will create a single formula to create the report and then convert that into a custom function.

Benford’s Law in Excel – Part One

Benford’s law is used in auditing to identify data sets that may have been manipulated or adjusted. In actual data sets when reviewing values the 1st digit of the values tends to follow a predetermined frequency. For example, roughly 30% of the values should start with a 1.

If you’re willing to consider failure as a blessing in disguise and bounce back, you’ve got the potential of harnessing one of the most powerful success forces.

Joseph Sugarman