Due to a strong Philippine economy, the real estate industry is expected to project a sustained growth for 2017. In the last several years, the Security Exchange Commission (SEC) is vigilant in strictly detecting insider trading, but might be missing on detecting accounting fraud. The system was placed on stock market transactions.

As early as 2003 the SEC launched a surveillance system called, 'Advanced Warning and Control System,' to detect fraud, manipulation, and other illegal practices. Consequently, the effects are often irreversible, affecting the firm's investors and employees. Erroneous financial statement deceives investors and regulators leading into wrong capital allocation and misleading policy. The study suggests that there is a probable misreporting of income before tax and stockholder's equity in the property sector.Misreported financial statements, whether intentional or unintentional, is difficult to detect and eventually results in wrong financial decision. Using the Chi-square test and Mean Absolute Deviation (MAD) the results show that the income statement before tax stockholder's equity and stockholder's equity-parent data set did not conform to the Benford's Distribution. The study examines the financial and income statement of the 35 property companies listed in the Philippine Stock Exchange (PSE) for 20. Druck auf Anfrage Neuware -Research Paper (undergraduate) from the year 2017 in the subject Economics - Finance, grade: 95.00, University of Mindanao (Professional Schools), course: Finance, Real Estate, Management, language: English, abstract: This paper examines the property sector financial misreporting using the Benford's Law, a logarithmic distribution technique. Finally, the discriminant analysis method illustrates that only the ETS rating significantly discriminate between the very good and exceptional faculty. The variance analysis (ANOVA) confirms that significant differences exist in the ETS and CETA ratings between two clusters. Based on the ETS and the CETA result, this research, through the hierarchal cluster analysis, shows two (2) groups of faculty, the very good and the exceptional.

However, there are very few researches that try to determine if the profile of the faculty (sex, age, rank, length of years teaching and salary) and their ratings on Evaluation of Teachers by Students (ETS) and College Evaluation of Teachers by Administrators (CETA) significantly discriminate significant cluster. Druck auf Anfrage Neuware -Research Paper (postgraduate) from the year 2015 in the subject Pedagogy - Higher Education, University of Mindanao (College of Business Administration), language: English, abstract: Many researches study the presence of a significant cluster of faculty based on the results of student and supervisors' evaluation.

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