From 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

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.

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 choicesEaseNone of the available answersWealthGreedCapability

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

Read the case below and identify the component of the fraud triangle that DID NOT result in the fraud. Was it the victim's attitudes or rationalisation? Did the perpetrators take advantage of an opportunity? Were the victims lured in by incentives or pressured? Scammers are pretending to be children in need of financial help as part of a new messaging scam targeting parents, authorities have warned.Key points:The scammers invent emergencies to encourage payment, such as needing a new phone or paying an urgent billDetectives have identified at least 25 victims of the scam this yearPolice say these sorts of scams are often under-reportedAt least 25 victims of the scam, which originated in Europe, have been detected in Victoria this year.The victims typically receive a WhatsApp or text message from an unknown number impersonating their child.According to police, messages often say something along the lines of "Hi mum, I've changed provider/lost/broken my phone – I'm temporarily using this number for now."The offenders eventually request money from the victim, usually using some kind of emergency as their justification for needing the funds.Most of the offenders are based overseas and are not known to the victims. Question is adapted from this news story - https://www.abc.net.au/news/2022-08-12/hi-mum-messaging-scam-targeting-parents/101326776 Links to an external site.- students do not need to read the story to answer the questionGroup of answer choicesIncentive or pressureFraudsters took advantage of all componentsAttitude or rationalisationOpportunity to commit fraud

What is the difference between the “fraud triangle” and “fraud tree”?Question 1Answera.The fraud triangle explains why people commit fraud, while the fraud tree categorises fraudsb.The fraud triangle only applies to fraud committed by accountants, while the fraud tree applies to all fraudsc.The fraud tree explains why people commit fraud, while the fraud triangle categorises fraudsd.The fraud tree only applies to fraud committed by accountants, while the fraud triangle applies to all frauds