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This video shows how to use Excel to launder cash from a questionable source through a legitamite business. To show how, we have a special guest named Walter. After he shows how he does it, we'll show how we can use an auditor's tool called Benford's law to compare the distribution of the sales log to the expected distribution per Benford. This video shows:
store the sales log in a Table (how to create a Table)
use the RANDBETWEEN function to create fake transactions
how to use a PivotTable to compute the distibution of first digits
how to compare to the expected distribution per Benford's law
Chapter's In This Video:
00:00 Introduction
00:15 Table
00:43 RANDBETWEEN
01:53 Benford's Law
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