The fraud triangle helps explain the motivation behind why an employee would commit fraud/steal from their workplace. Three components make up the fraud triangle: opportunity, pressure, and rationalization. When all of these components exist, there is a high likelihood that fraud will be committed. Similarly, this can signal that fraud has already occurred or maybe ongoing. Seldom are frauds committed spur of the moment. Typically, they are deliberately planned and executed. Sides of the … [Read more...] about What is the Fraud Triangle?
Accounting Internal Controls