Audit - Fraud

Fraud Triangle

100

A term to justify fraud.

Rationalization

200

A chance to commit fraud.

opportunity

300

A reason pushing someone towards committing fraud.

Pressure

What type of fraud?

100

Not following appropriate accounting principles.

Financial reporting fraud.

200

Theft of inventory.

Asset misappropriation.

300

Using a company credit card for personal use.

Asset misappropriation.

Which element of the fraud triangle?

100

Personal financial obligations.

Pressure to commit fraud.

200

Having a large sum of cash on hand.

Opportunity to commit fraud.

300

Tolerance for petty theft within the organization.

Rationalization to commit fraud.