The Fraud Triangle is used to show the connection of the factors necessary to commit fraud by or against an organization.

Question

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The Fraud Triangle is a recognized model used to explain the elements required for fraud to occur. It consists of three components: opportunity, rationalization, and pressure. Understanding these components can help organizations identify potential areas of vulnerability to fraudulent activity. Therefore, the statement is true that the Fraud Triangle is used to show the connection of the factors necessary to commit fraud by or against an organization.

The Fraud Triangle Is Used to Show the Connection of the Factors