The fraud triangle consists of three components (pressure,opportunity,and rationalization).Which of the three components are present in most every fraud?
A)All three factors are usually present when fraud occurs.
B)Pressure and opportunity
C)Opportunity and rationalization
D)Rationalization and pressure

Question

Quizplus · Accepted Answer

In most cases, all three components - pressure, opportunity, and rationalization - are present when a fraud occurs. Pressure can come in the form of financial difficulties, personal problems, or job insecurity. Opportunity arises when there are weak internal controls or inadequate oversight. Rationalization is the way in which fraudsters justify their actions to themselves. Therefore, all three components must be examined and addressed in fraud prevention and detection efforts.

The Fraud Triangle Consists of Three Components (Pressure,opportunity,and Rationalization)