Which of the following is true with regard to Cressey’s theory of crime causation? a. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or rationalization) needs to be present. b. Rationalization is the least important attribute of the fraud triangle c. Financial pressure that is sharable will never result in a fraud. d. Opportunity includes both the opportunity to complete the fraud as well as conceal it without getting caught.

Which of the following is true with regard to Cressey’s theory of crime causation? a. For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or rationalization) needs to be present. b. Rationalization is the least important attribute of the fraud triangle c. Financial pressure that is sharable will never result in a fraud. d. Opportunity includes both the opportunity to complete the fraud as well as conceal it without getting caught.

Related questions

Q: Risk may be dealt with in a number of ways including transferring it to others or retaining it…

A: There are several risks that occur and that can influence the practices and working of the…

Q: The Securities and Exchange Commission in the U.S.A. charged Ernst & Young LLP (EY) for cheating by…

A: This article will discuss the ethical aspects of the Securities and Exchange Commission's (SEC)…

Q: Explain why inherent risk is set for audit objectives for segments(classes of transactions,…

A: Inherent risk measures the auditor's assessment of the susceptibility in material misstatement,…

Q: The fraud triangle identifies incentives, opportunities, and rationalizations as the three elements…

A: Fraud: It refers to the false representation of facts or statements by an employee or organization…

Q: Given the circumstances that have been presented to you, what do you do?

A: The given case study is the matter of criminal offence when anyone suspects a person with some…

Q: What four methods of investigation constitute the fraud triangle plus inquiry approach to…

A: Financial fraud is a widespread issue that can affect any industry and has serious consequences for…

Q: Since about 63% of a company’s market valuation is due to its reputation, it is prudent to have a…

A: The concept of a company's market valuation refers to the total value that the market assigns to the…

Q: Sam Best is the sole owner of Best Buy Auto Center, Inc., a used-car business. Sam's hired…

A: Sole proprietorship: Sole proprietorship is the term used to define an individual who establishes…

Q: Discuss and explain the expectations gap. In your answer include how it relates to both the finance…

A: The expectations gap refers to the difference between what the public or stakeholders expect from…

Q: The auditor assessment of information risk influences the nature, timing and extent of the audit…

A: The auditor must consider the rationale for the evaluation given to the risk of substantial…

Q: Which of the following is NOT a sub-category of fraudulent disbursements? a. Check and payment…

A: A sort of fraud known as fraudulent disbursement occurs when a person or group of people working for…

Q: Which of the statements below, regarding the tax reporting requirements applicable to Commodity…

A: The tax reporting requirements for Commodity Credit Corporation (CCC) loans are essential to…

Q: Describes the act of phishing

A: trick the email receiver into trusting that the message is something they require. I faced a scam…

Q: To a health insurance company, the total claims (payout) expected for a group of insured persons…

A: Insurance companies calculate the expected claims or payouts based on several factors. These factors…

Q: write a preliminary report on a fraud examination scenario. Determine the types of fraud committed…

A: Examination refers to a systematic and thorough inspection or evaluation of something, often…

Q: A property management company charges a security deposit of one- month rent in an apartment in one…

A: The scenario involves a property management company that charges a security deposit of one month's…

Q: The first step an insurance company should take in establishing an anti-money laundering program is…

A: Business, organizations, individuals function in an environment that is volatile. The environment is…

Q: Pat is a 21-year old college student whose parents are paying for college expenses. Pat has Type 1…

A: Risk Management Process The process of identifying a potential risk/s, analyzing it, finding a…

Q: 1) In the years that the Crazy Eddie story occurred, a large amount of retail transactions were…

A: Answer 2) :- Fraud Schemes at Crazy Eddie and Their Types 1. Skimming Cash SalesType: Asset…

Question

Which of the following is true with regard to Cressey’s theory of crime causation?

For a fraud to occur, only one of the fraud triangle attributes (perceived pressure, perceived opportunity, or rationalization) needs to be present.

Rationalization is the least important attribute of the fraud triangle

Financial pressure that is sharable will never result in a fraud.

Opportunity includes both the opportunity to complete the fraud as well as conceal it without getting caught.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: The correct option

VIEW

Step 3: Reasons for incorrect options

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, business-law and related others by exploring similar questions and additional content below.

Similar questions

Which of the following statements BEST describes the purpose of a Deability income policy? A It is used to pay for hospital, medical, and surgical expenses if a senous disability occurs. It is designed to supplement Medicare Part A benefits It is used to pay for an insured's normal living expenses if the insured becomes disabled It is designed to supplement Workers' Compensation benefits B D.
What is the main reason lenders pay borrowers' property taxes through a pre-paid escrow account? It prevents a tax lien from being applied to the home. The tax lien would be senior to the mortgage lien. It prevents the borrower from refinancing with another lender because they would lose all of their escrow funds. It allows the lender to earn interest on the pre- paid tax money as itsits in the account. It allows the lender to take advantage of corporate tax deductions.
i need the answer quickly
What are accounting symptoms of Fraud? What are analytical symptoms of Fraud?
1) A misdemeanor is a more serious crime than a felony. Why its false? 2) You accidentally take someone’s mink coat by mistake. You have committed theft. Why its false? 3) Robbery is the taking of property without force. Why its false? 4) If you find a signed and endorsed check, and you cash it, you have committed forgery. Why its false? 5) If you break into an apartment in order to escape a meteor shower, you have committed burglary. Why its false? 6) If a bank robber forces you, a bank customer, to kill a teller, and you do, you will be found innocent. Why its false? 7) If you buy a stolen 60-inch television out of the back of a truck at 2am for $15, you have committed no crime. Why its false? 8) If a person is a suspect in a crime, they mut cooperate fully with law enforcement and answer all questions. Why its false? 9) If you get drunk and then rob a bank, you will be found not guilty. Why its false? 10) A person is guilty of shoplifting if they take merchandise from one part of…
73) GAO an agency of the US government Stands for government accountability office Identifies programs in the US government that have potential for fraud and abuse Both A and B Neither A nor B
How is the Fraud Triangle similar to sin? How can you use the Fraud Triangle concepts to help identify and avoid possible bad situations?
Sam is an ordinary person trying to sell his standard car. A potential buyer asks how many more years the car will last. Sam says “probably 75”. The buyer buys the car, and the car dies after five years. The buyer files suit against Sam alleging fraudulent misrepresentation. Will the buyer be successful? Yes because the buyer was harmed. No because the statement was an opinion. Yes because Sam knows his car the best. No because the statement was a misrepresentation of law.
Which of the following steps can help a business avoid embezzlement? Group of answer choices Use independent auditors. Investigate promptly any employee whose lifestyle suddenly changes. Require co-signing of checks. All of the above.
The AICPA can bar or suspend from practice any accountant deemed to have engaged in "unethical or improper professional conduct." Select one: True False
Cedar Hospital Systems Fraud Hospital administrator Jake Rosen was recently convicted for fraud he committed against his employer, Cedar Hospital Systems. Over a period of six years, he allegedly made payments to a dummy company for maintenance charges while simultaneously running a scheme with maintenance contractors where he either paid them for work never performed or overpaid them for work. The skyscraper where Jake worked was only 10 years old. Maintenance charges rose from $5.2 million in 1994 to $16.4 million in 2000. It was worth noting that the judge on the case questioned whether Cedar Hospital Systems deserved less than full restitution for failing to notice the problem. However, it was determined that federal law on restitution does not allow such charges, so Jake Rosen will be making monthly payments towards the alleged $8 million he stole until he makes full restitution after leaving prison. He was able to quickly repay $3.2 million of the theft with assets recovered by…
A sponsored licensee owns one-quarter of an investment property. The four owners want to sell the property, but the other three do not want the licensee to mention their licensee to buyers. In Illinois, which of the following is true? A. Because the licensee owns only a quarter, no disclosure is necessary B. If they list the property with the licensee’s sponsoring broker, no disclosure is necessary C. If they list the property with a different broker, no disclosure is necessary D. Disclosure of the license is required