1,068 research outputs found
Applying Benford’s law to detect accounting data manipulation in the banking industry
In this paper, we take a glimpse at the dark side of bank accounting statements by using a mathematical law which was established by Benford in 1938 to detect data manipulation. We shed the spotlight on the healthy, failed, and bailed out banks in the global financial crisis and test whether a set of balance sheet and income statement variables which are used by regulators to rate the performance and soundness of banks were manipulated in the years prior to and also during the crisis. We find that banks utilise loan loss provisions to manipulate earnings and income upwards throughout the examined periods. Together with loan loss provisions, problem banks resort to a downward manipulation of allowance for loan losses and non-performing loans with the purpose to tamper earnings upwards. We also provide evidence that manipulation is more prevalent in problem banks, which manage income and earnings to conceal their financial difficulties. Moreover, manipulation is found to be strengthened in the crisis period; it is also expanded to affect regulatory capital. Overall, banks utilise data manipulation without yet resorting to eye-catching manipulation strategies that may attract the scrutiny by regulators. Benford’s Law appears to be a suitable tool for assessing the quality of accounting information and for discovering irregularities in bank accounting data
Bending crystals: Emergence of fractal dislocation structures
We provide a minimal continuum model for mesoscale plasticity, explaining the
cellular dislocation structures observed in deformed crystals. Our dislocation
density tensor evolves from random, smooth initial conditions to form
self-similar structures strikingly similar to those seen experimentally -
reproducing both the fractal morphologies and some features of the scaling of
cell sizes and misorientations analyzed experimentally. Our model provides a
framework for understanding emergent dislocation structures on the mesoscale, a
bridge across a computationally demanding mesoscale gap in the multiscale
modeling program, and a new example of self-similar structure formation in
non-equilibrium systems.Comment: 4 pages, 4 figures, 5 movies (They can be found at
http://www.lassp.cornell.edu/sethna/Plasticity/SelfSimilarity.html .) In
press at Phys. Rev. Let
Are we teaching our students what they need to know about ageing? Results from the National Survey of Undergraduate Teaching in Ageing and Geriatric Medicine
Introduction - Learning about ageing and the appropriate management of older patients is important for all doctors. This survey set out to evaluate what medical undergraduates in the UK are taught about ageing and geriatric medicine and how this teaching is delivered.
Methods – An electronic questionnaire was developed and sent to the 28/31 UK medical schools which agreed to participate.
Results – Full responses were received from 17 schools. 8/21 learning objectives were recorded as taught, and none were examined, across every school surveyed. Elder abuse and terminology and classification of health were taught in only 8/17 and 2/17 schools respectively. Pressure ulcers were taught about in 14/17 schools but taught formally in only 7 of these and examined in only 9. With regard to bio- and socio- gerontology, only 9/17 schools reported teaching in social ageing, 7/17 in cellular ageing and 9/17 in the physiology of ageing.
Discussion – Even allowing for the suboptimal response rate, this study presents significant cause for concern with UK undergraduate education related to ageing. The failure to teach comprehensively on elder abuse and pressure sores, in particular, may be significantly to the detriment of older patients
A Systematic Approach to Visual System Rehabilitation — Population Receptive Field Analysis and Real-time Functional Magnetic Resonance Imaging Neurofeedback Methods
Visual information transmission flows from the retinal ganglion cells to the lateral geniculate nucleus and then to the primary visual cortex (V1), the chief cortical relay of visual information and in turn, to “higher” extrastriate areas. Beyond area V1, visual processing is distributed across multiple interconnected brain areas, the precise role of which and their interactions are not yet, completely understood. To add to the dynamic complexity of the system, feedback from higher areas and modulation by top-down processes, such as attention are often critical in the formation of visual percepts
First- order versus unconventional phase transitions in three-dimensional dimer models
We study the phase transition between the Coulomb liquid and the columnar
crystal in the 3D classical dimer model, which was found to be continuous in
the O(3) universality class. In addition to nearest neighbor interactions which
favor parallel dimers, further neighbor interactions are allowed in such a
manner that the cubic symmetry of the original system remains intact. We show
that the transition in the presence of weak additional, symmetry preserving
interactions is first-order. However the universality class of the transition
remains continuous when the additional interactions are weakly repulsive. In
this way, we verify the existence of a multicritical point near the unperturbed
transition and we identify a critical line of unconventional transitions
between the Coulomb liquid phase and the fold columnar phase.Comment: added supplementary material; changes throughout the manuscript (to
appear in Phys. Rev. Letters
Electronic States of Graphene Grain Boundaries
We introduce a model for amorphous grain boundaries in graphene, and find
that stable structures can exist along the boundary that are responsible for
local density of states enhancements both at zero and finite (~0.5 eV)
energies. Such zero energy peaks in particular were identified in STS
measurements [J. \v{C}ervenka, M. I. Katsnelson, and C. F. J. Flipse, Nature
Physics 5, 840 (2009)], but are not present in the simplest pentagon-heptagon
dislocation array model [O. V. Yazyev and S. G. Louie, Physical Review B 81,
195420 (2010)]. We consider the low energy continuum theory of arrays of
dislocations in graphene and show that it predicts localized zero energy
states. Since the continuum theory is based on an idealized lattice scale
physics it is a priori not literally applicable. However, we identify stable
dislocation cores, different from the pentagon-heptagon pairs, that do carry
zero energy states. These might be responsible for the enhanced magnetism seen
experimentally at graphite grain boundaries.Comment: 10 pages, 4 figures, submitted to Physical Review
Universality of liquid-gas Mott transitions at finite temperatures
We explain in a consistent manner the set of seemingly conflicting
experiments on the finite temperature Mott critical point, and demonstrate that
the Mott transition is in the Ising universality class. We show that, even
though the thermodynamic behavior of the system near such critical point is
described by an Ising order parameter, the global conductivity can depend on
other singular observables and, in particular, on the energy density. Finally,
we show that in the presence of weak disorder the dimensionality of the system
has crucial effects on the size of the critical region that is probed
experimentally.Comment: 4 pages, 3 figure
Localization of Quaternary slip rates in an active rift in 10(5) years: an example from central Greece constrained by U-234-Th-230 coral dates from uplifted paleoshorelines
Mapping, dating, and modeling of paleoshorelines uplifted in the footwall of the 1981 Gulf of Corinth earthquake fault, Greece (Ms 6.9–6.7), are used to assess its slip rate history relative to other normal faults in the area and study strain localization. The 234U-230Th coral ages from Cladocora caespitosa date uplifted shoreface sediments, and paleoshorelines from glacioeustatic sea level highstands at 76, (possibly) 100, 125, 175, 200, 216, 240, and 340 ka. Uplifted Quaternary and Holocene paleoshorelines decrease in elevation toward the western tip of the fault, exhibiting larger tilt angles with age, showing that uplift is due to progressive fault slip. Since 125 ka, uplift rates varied from 0.25 to 0.52 mm/yr over a distance of 5 km away from the fault tip. Tilting was also occurring prior to 125 ka, but uplift rates were lower because the 125 ka paleoshoreline is at 77% of the elevation of the 240 ka paleoshoreline despite being nearly half its age. Comparison of paleoshoreline elevations and sedimentology with the Quaternary sea level curve shows that slip rates increased by a factor of 3.2 ± 0.2 at 175 ± 75 ka, synchronous with cessation of activity on a neighboring normal fault at 382–112 ka. We suggest that the rapid localization of up to 10–15 mm/yr of extension into the narrow gulf (∼30 km wide) resulted from synchronous fault activity on neighboring faults followed by localization rather than sequential faulting, with consequences for the mechanism controlling localization of extension
Water Buffaloes grazing behaviour at the Lake Kerkini National Park, Northern Greece
The monthly variation of Greek water buffaloes’ grazing behaviour was investigated at the Lake Kerkini National Park in Greece. Direct observations were carried out on six female buffaloes for two consecutive days every month for a one-year period, and the time spent (in minutes) on their grazing-related activities (feeding, moving, wallowing, standing, ruminating, drinking, and lying) was recorded. Moreover, social and aggressive interactions and selfgrooming were recorded as number of events. Also, the daily distance travelled by buffaloes was recorded with a handheld GPS. Buffaloes travelled on average 6.9 km/day, and they walked their longest distance in June (10.7 km/day) and their shortest in September (2.9 km/day). They spent more time (P<0.05) on feeding (309.2 min/day) compared to moving (121.7 min/day), wallowing (27.9 min/day), standing (20.2 min/day), ruminating (15.4 min/day), drinking (4.7 min/day) and lying (4.2 min/day). Greek water buffaloes seem to be sociable rather than aggressive animals as they devote to these activities on average 18.2 vs 0.5 events/day. We can conclude that the animals adjust their grazing behaviour to climatic conditions and the availability of forage resources
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