You are the new controller of a major U.S. manufacturing firm. In your previous employment, you detected multiple varieties of fraud. The CFO of your new company informs you that top management is concerned about possible fraud in the organization and is interested in taking a proactive approach both to detecting and deterring fraud.
After noting that he has recommended you for the fraud detection assignment, the CFO tells you that he is a little nervous about how much this investigative approach will cost and asks you to keep your choices simple and inexpensive. You and the CFO are good friends, and you've never had a problem suggesting ideas about upcoming projects in the past. You know that to be most effective in completing your new assignment, you should do some extensive data analysis because of the large size of the company and its databases.
Have one person take the position of the CFO who wants to keep analyses simple and another position of the controller who believes more expensive, data-driven approaches are necessary. Debate the appropriateness of the various detection approaches, including the deductive approach, for your company. Explain why traditional approaches may not be sufficient.