The fraud triangle contains three elements that must exist for accounting fraud to occur.The elements are:
A)fear,greed,and satisfaction.
B)greed,larceny,and access.
C)motive,opportunity,and means.
D)incentive,opportunity,and rationalization.

Question

Quizplus · Accepted Answer

For accounting fraud to occur,there must first be an incentive for someone to commit the fraud.Second,the opportunity to commit the fraud must exist.Lastly,fraudsters rationalize their actions through a feeling of personal entitlement,which outweighs moral principles,such as honesty and concern for others.

The Fraud Triangle Contains Three Elements That Must Exist for Accounting