You are in your first month as an internal auditor in thecorporate offices of Cover-Up Fraud-Mart, a large regional varietystore chain based in Los Angeles. Your manager has just given you ageneral overview of the company’s problems with fraud. In fact,losses from fraud exceed losses from shoplifting by tenfold, andmanagement wants your perspective on what it can do to proactivelydetect fraud. From your fraud auditing class, you know that thedata-driven approach is one of the most effective detectionmethods.
Questions
1. Prepare a project plan for implementing the six-stepdata-driven approach. List the types of team members who should beinvolved in each step, how long each step will take, and costestimates for each step.
2. What software package will you need to purchase to completethe process? Provide arguments for your decision.
3. What techniques should be run in steps 4 and 5?
