In this study, we investigated the accuracy of an algorithm to identify the spatial single equivalent moving dipole parameters in a realistic anatomic geometry torso model from potentials at the body surface. Specifically we investigated the effect of measurement noise, and dipole position and orientation in the accuracy of the algorithm. The boundary element method was used to calculate the forward potential distribution at 64 electrode positions on the body surface due to a point dipole. The mean and standard deviation of the distance of the true (obtained in the forward potential calculation) minus the estimated dipole location (obtained from the inverse algorithm) was estimated for each of the above three cases. Our results indicate that the dipole position has the most significant influence on the accuracy of our inverse algorithm.