As the senior internal auditor for Innovative Hockey Gear, LLC, you have determined the appropriate fraud detection policies. Now you are working with your team to draft a fraud prevention and detection plan.

Research the key elements of a fraud prevention and detection program and prepare a plan.

1. Evaluate the tools that you would propose to use to make your plan more effective in mitigating or eliminating fraud and how you would justify the risk/reward ratio of each tool recommended.