Fraudulent numbers are frequently round numbers. An appreciation of the overuse of round numbers by fraudsters may benefit internal auditors and forensic accountants who are proactively looking for ...

The ROUND function rounds a number to a specific number of decimal places as per the standard rules, which are as follows: If the digit to the right of the rounding digit is less than 5 ...

Australia's tax system is needlessly complex, and that's making it costly in ways that aren't obvious. New research from our team at the Australian National University's Tax and Transfer Policy ...

And as you stare at the gas station pump’s scrolling numbers, you root for round-number totals and maybe keep squeezing the pump until you get there. Maybe we think those numbers offer precisely ...

The method used to round numbers in accounting may portray an accurate or inaccurate appraisal of a company's financial condition. The amount of error increases with ...

In financial markets, when round numbers become important, it creates an event risk environment Round numbers can’t seem to hold in financial markets; either there is a decisive breakthrough or ...

Here’s what we did. Examining 27 years of de-identified individual tax files, we noticed a striking number of returns generating “round number” refunds. We found, for instance, far more ...