US CMA Part 2 · Chapter 9 · Question 12 of 23
What are the three elements of the fraud triangle?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Pressure (incentive), opportunity and rationalization
Explanation
The fraud triangle, developed from criminologist Donald Cressey's research, explains that fraud is more likely when three conditions exist: pressure or incentive to commit fraud, an opportunity to commit and conceal it (often weak controls), and the ability to rationalize the act as acceptable.
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