Fabio and Frances work in cybersecurity and challenge each other to find holes in the internal control framework of the company as part of their job to test controls. When they discover that there is a monitoring program that can be manipulated, Fabio and Frances decide that the company will not notice a few hundred dollars per week in reimbursements when the normal budget for reimbursements is over $5,000 per week. Which of the following statements about Fabio and Frances's situation is TRUE?
A) The perceived pressure element of the fraud triangle is met with the challenge to find holes.
B) The opportunity element of the fraud triangle is met with the discovery of the ability to manipulate the monitoring program.
C) Fabio and Frances rationalize that the company will not notice to meet the third element of the fraud triangle.
D) All of these answer choices are correct.

Question

Quizplus · Accepted Answer

All three elements of the fraud triangle—pressure, opportunity, and rationalization—are present in the scenario described. Fabio and Frances feel pressure from the challenge to find holes (perceived pressure), they discover an opportunity to manipulate the monitoring program, and they rationalize their actions by believing the company will not notice the discrepancy due to the size of the normal budget for reimbursements.

Fabio and Frances Work in Cybersecurity and Challenge Each Other