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Sunday, May 10, 2009

Woah! Way cool!

Enron (Score:3, Interesting)

by Anna Merikin (529843) Alter Relationship on 21:15 Sunday 10 May 2009 (#27897059) Journal

was busted by auditors who found the books were "cooked" by applying the law of first numbers described in the /. blurb and TFA. The independent auditors found the first figures were randomly distributed instead of following Benford's law with the number 1 the most plentiful and nine the least -- therefore, the entries were fraudulent.

Benford's law knocked my out at the time; I thought of how many bogus figures I had entered in my expense accounts over the years....

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