The three main components of the fraud triangle are:
A)rationalization,opportunity and greed.
B)opportunity,motive and lack of ethics.
C)motive,opportunity and rationalization.
D)none of the above.

Question

Quizplus · Accepted Answer

The three main components of the fraud triangle are motive, opportunity and rationalization. Motive refers to the reason or incentive for the fraudster to commit fraud, opportunity refers to the means or chance to commit the fraud, and rationalization refers to the internal justification that the fraudster makes to themselves for committing the fraud. Option A is incorrect because greed is not one of the components of the fraud triangle, rather it could be considered as a form of motive. Option B is incorrect because lack of ethics is not one of the components of the fraud triangle, but rather it could fall under rationalization. Option D is incorrect because the question is asking for the correct components and this answer does not provide a valid response.

The Three Main Components of the Fraud Triangle Are