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A mathematical model that uses financial ratios and eight variables to identify whether a company has manipulated its earnings. The variables are constructed from the data in the company's financial statements and, once calculated, create an M-Score to describe the degree to which the earnings have been manipulated.
The T-Score Formula. The t-score is a fraction. The numerator is the sample's mean minus mean of the group you are comparing the sample to, and the denominator is the sample's standard deviation divided by the square root of the sample size.