It has been argued in the literature that “the fraud triangle and its three stages (categorised by the effect on the individual) of (1) pressure, (2) opportunity and (3) rationalisation” can be improved by considering which ‘fourth element’: Group of answer choicesGreedNone of the available answersWealthEaseCapability

Opportunity, Financial Pressure, and Rationalization are the three main factors contribute to fraud activity. In your view, discuss the factor that you believe is the most crucial to creating a fraud. Provide examples to support your conclusion and defend your choice in the discussion.

Which of the following is not one of the components of the fraud triangle?Multiple choice question.PressureOpportunityRationalizationDishonesty

Question 6From an investigatory perspective, the shortcoming ofthe fraud triangle is as follows:1 pointThe fraud triangle doesn’t help the investigatorunderstand the motivations of the fraudster.The fraud triangle doesn’t help the investigator understand why thefraudster committed fraud.Pressure and rationalization are generally notobservable.The fraud triangle is as important to an investigation as any othertool

Which of the following statements is true about theFraud Scale1 pointIt identifies those conditions lowering fraud risk,tipping the scales against the likelihood of fraudIt was developed by Wolfe and Hermanson in the 2000s in the spirit ofCresseyIt mirrors the fraud triangle with the exception ofintegrity being substituted for rationalizationThe fraud scale balances low pressure against low opportunity as a basisto minimize fraud risk

Question 3With regard to predatory fraudsters, which of thefollowing statements is correct?1 pointThe fundamental premise of the Fraud Triangle suggests that when an ordinaryperson, or predatory fraudster, commits fraud, all three of the legs of thetriangle must be present.Predators spend their time and energy looking for opportunities tocommit fraud.The fundamental premise of the Fraud Triangle suggeststhat when an ordinary person, or accidental fraudster, commits fraud, all threeof the legs of the triangle must be present.Predatory fraudsters are good at creating elaborate excuses orrationalizations for their conduct.