Fraud Examination 4th Edition by Steve Albrecht,Chad Albrecht,Conan Albrecht ,Mark Zimbelman

Exercise 60

Boxer Incorporated has hired you as a consultant to implement a data-driven fraud detection program in the company. One of the owners, Priscilla Boxer, asks you to give a presentation to several executives on the data-driven approach.
1. What are the primary advantages and disadvantages of this approach
2. How does this approach compare to the traditional, reactive approach to detecting fraud