Question: 1. What is the fraud triangle? What does the model represent and why is it used by auditors and management? 2. Provide some examples of

1. What is the fraud triangle? What does the model represent and why is it used by auditors and management?

2. Provide some examples of situations relating to each leg of the triangle.

3. Can you think of any factor that might convert the triangle into a rectangle, i.e., adding another factor to the considerations?

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