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dc.contributor.authorHenselmann, Klausen_US
dc.contributor.authorScherr, Elisabethen_US
dc.contributor.authorDitter, Dominiken_US
dc.date.accessioned2012-02-06en_US
dc.date.accessioned2012-02-08T10:40:20Z-
dc.date.available2012-02-08T10:40:20Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/55146-
dc.description.abstractThis study examines whether investors could use Benford's Law as an aid in determining high-risk areas for investing within their process of decision-making. The business reporting standard XBRL offers the opportunity to easily extract and analyze a sufficient number of monetary items out of single annual reports for statistical analysis purposes. Using SEC XBRL filings of S&P 500 companies (Fiscal Year 2010), we derive first digit distributions for single companies and measure the deviation from the Benford distribution. On average, we find that for all monetary numbers that are contained in the examined XBRL reports, the first digit distribution follows Benford's Law. A firm and industry-specific analysis reveals the industry Financials as being most conspicuous. Taken together, the empirical results suggest that the application of Benford's Law to annual reports might be a useful analytical tool for investors.en_US
dc.language.isoengen_US
dc.publisherUniv., Lehrstuhl für Rechnungswesen und Prüfungswesen Erlangen-Nürnbergen_US
dc.relation.ispartofseriesWorking papers in accounting valuation auditing 2012-1en_US
dc.subject.jelM40en_US
dc.subject.jelC12en_US
dc.subject.jelC46en_US
dc.subject.jelC81en_US
dc.subject.ddc650en_US
dc.subject.keywordBenford's Lawen_US
dc.subject.keywordXBRLen_US
dc.subject.keywordinteractive dataen_US
dc.subject.keywordSEC filingsen_US
dc.subject.keywordfinancial statement analysisen_US
dc.subject.keywordforensic investingen_US
dc.subject.keywordBenford'sches Gesetzen_US
dc.subject.keywordSEC Veröffentlichungenen_US
dc.subject.keywordBilanzanalyseen_US
dc.subject.keywordBilanzfälschungen_US
dc.titleApplying Benford's Law to individual financial reports: An empirical investigation on the basis of SEC XBRL filingsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684778548en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:fauacc:20121-
Appears in Collections:Working Papers in Accounting Valuation Auditing, FAU Erlangen-Nürnberg

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