The fraud triangle has three elements.Which of the elements must be present for a fraud to occur?
A)All elements must be present for fraud to occur.
B)At least two of the three elements must be present for fraud to occur.
C)Fraud can occur if any one of the elements is present.
D)None of the above.

Question

Quizplus · Accepted Answer

The fraud triangle consists of three elements: pressure (or motivation), opportunity, and rationalization. All three elements must be present for fraud to occur, as each plays a crucial role in the development of fraudulent behavior.

The Fraud Triangle Has Three Elements