4.3 Identify the three elements of the fraud triangle
1) The fraud triangle is used to show the connection of the factors necessary to commit fraud by or against an organization.
2) A business has great control over perceived pressure felt by an employee.
3) ________ can be reduced through a good system of internal control.
A) Realization
B) Perceived opportunity
C) Rationalization
D) Perceived pressure
E) Fraud opportunity
4) Attempting to justify your actions is an example of __________.
5) Based on the fraud triangle, the chance to commit a fraud, conceal it, and avoid punishment is an example of __________.
6) Based on the fraud triangle, finding good reasons for doing things that we really know are wrong is an example of __________.
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