Auditing: A Risk Based-Approach to Conducting a Quality Audit
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN: 9781305080577
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: South-Western College Pub
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Chapter 2, Problem 30RSCQ
To determine

Introduction:Fraud triangle refers to conditions that are present when fraud is committed. Fraud triangle consists of opportunities, incentives or pressure, and rationalization that result in occurrence of fraud.

To explain:The manner in which, elements of fraud triangle relate to the occurrence of fraud.

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The fraud triangle identifies incentives, opportunities, and rationalizations as the three elements associated with frauds. Describe how these elements are related to the occurrence of fraud.
Define “fraud.” List andbriefly discuss the three major components of the fraud triangle.
Give specific examples of  fraud risk factors - incentives, opportunities, and attitudes/rationalization.
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