Fraud investigators identify three things that must exist for accounting fraud to occur.Which of the following is not one of the three elements of the fraud triangle?
A)The incentive to commit fraud.
B)The opportunity to commit fraud.
C)The ability to rationalize and conceal fraud.
D)The lack of a business Code of Ethics.

Question

Quizplus · Accepted Answer

The lack of a business Code of Ethics is not one of the three elements of the fraud triangle. The three elements are the incentive to commit fraud, the opportunity to commit fraud, and the ability to rationalize and conceal fraud.

Fraud Investigators Identify Three Things That Must Exist for Accounting