All of the following are part of the fraud element triangle EXCEPT:
A)Theft act
B)Concealment
C)Conversion
D)Layering

Question

Quizplus · Accepted Answer

The fraud element triangle consists of three components: opportunity, rationalization, and the theft act. Concealment and conversion are methods used to carry out the theft act, while layering is a technique used in the money laundering process but is not a part of the fraud element triangle.

All of the Following Are Part of the Fraud Element