Define fraud. List and briefly discuss the three major components of the fraud triangle. Fraud is...
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Define "fraud." List and briefly discuss the three major components of the fraud triangle. Fraud is an intentional misrepresentation of facts Component Motive Opportunity Rationalization made for the purpose of persuading another party to Description Critical need or greed on part of the perpetrator. Usually arises through weak internal controls. The perpetrator(s) is (are) convinced that they deserve the object of the fraudulent behavior. Define "fraud." List and briefly discuss the three major components of the fraud triangle. Fraud is an intentional misrepresentation of facts Component Motive Opportunity Rationalization made for the purpose of persuading another party to Description Critical need or greed on part of the perpetrator. Usually arises through weak internal controls. The perpetrator(s) is (are) convinced that they deserve the object of the fraudulent behavior.
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Fraud is defined as the intentional deception of another person or entity in order ... View the full answer
Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
Posted Date:
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