You are in your first month as an internal auditor in the corporate offices of Cover-Up Fraud-Mart, a large regional variety store chain based in Los Angeles. Your manager has just given you a general overview of the company's problems with fraud. In fact, losses from fraud exceed losses from shoplifting by 10 fold, and management wants your perspective on what it can do to proactively detect fraud. From your fraud auditing class, you know that the data-driven approach is one of the most effective detection methods.
1. Prepare a project plan for implementing the six-step data-driven approach. List the types of team members who should be involved in each step, and estimate how long each step will take.
2. What techniques should be run in Steps 4 & 5?