sebatrag / benford-analysis-based-on-the-financial-figures-of-wirecard Goto Github PK

The Wirecard scandal is considered one of the largest financial scandals of the decade, which caused losses of several billion euros. This analysis examines the digit structure of Wirecard's financial figures in the period from 2005 to 2019 by analyzing the conformity with the expected frequency distributions according to Benford's law. The results show that company-specific accounting fraud cannot be detected by Benford analysis of the first, second, and first-two significant digits alone.