Select a core business transaction cycle (for example revenues, purchasing, expenditures, payroll, or the general ledger) that is of personal interest to you. For this core business transaction cycle, you are deciding how to plan for a potential fraud data analytics study. Address the following:

1. Identify a transaction that is an integral part of the transaction cycle and that is potentially both material and susceptible to fraud.

2. Describe in some detail the fraud scenario(s) you would be looking for while performing the fraud data analysis for the related transactions.

3. Which type(s) of data would you request from the IT Department in planning a fraud data analytics approach for the transactions you will analyze for your chosen transaction cycle?

4. Which skills are needed to prepare, organize, and perform the associated fraud data analysis?

5. Finally, elaborate on how the fraud risk structure approach and the fraud cycle (described in your textbook readings for this module) apply to preparing for this fraud data analysis project.