Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model. Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices. Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud. Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud. To identify: The fraud risk factor exist in the situations.

Question

Want to see the full answer?

Answer 1

Question

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Given correct answer general Accounting

Hi expert please help me

hi expert please help me

Answer 2

Question

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Answer 6

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Answer 7

Chapter 1, Problem 3QS

To determine

Fraud Triangle: It is a model that contain three factors that increases the chances of fraud. Criminologist created the fraud triangle model.

Opportunity: Opportunity is a kind of chance that everyone have. But it is individual decision to taking opportunity in negative sense or in positive sense. Negative opportunity initiates fraudulent practices.

Pressure: Pressure is also based on the thinking of individual. There is positive pressure to complete the work timely and correctly this is positive pressure. And to earn money through short cut involve negative pressure and increase the chances of fraud.

Rationalization: It is the process to make excuses in every situation. This kind of behavior increase the chances of fraud.

To identify: The fraud risk factor exist in the situations.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 1 - Prob. 1MCQ Ch. 1 - Prob. 2MCQ Ch. 1 - If the assets of a company increase by $100,000...Ch. 1 - Brunswick borrows $50,000 cash from Third National...Ch. 1 - Geek Squad performs services for a customer and...Ch. 1 - Prob. 1DQ Ch. 1 - Prob. 2DQ Ch. 1 - Identify four kinds of external users and describe...Ch. 1 - Prob. 4DQ Ch. 1 - Prob. 5DQ

Solution Summary: The author explains that the fraud triangle model contains three factors that increase the chances of fraud.

Videos

Want to see the full answer?

Chapter 1 Solutions