The fraud triangle identifies three elements that are generally present in the client's organization when fraud occurs. Which of the following is not one of those elements?
A)Professional skepticism.
B)Incentives.
C)Opportunity.
D)Rationalization.

Question

Quizplus · Accepted Answer

Professional skepticism is not one of the elements of the fraud triangle. The three elements are Incentives, Opportunity, and Rationalization. Professional skepticism is actually a term used to describe the attitude and mindset of auditors and other professionals in identifying and detecting fraud.

The Fraud Triangle Identifies Three Elements That Are Generally Present