Exercise 3 (Chapter 4) Fraud Triangle Mike Spears is a CPA with a secret. His secret is that he gambles on sports. Mike knows that his profession disapproves of gambling, but considers the professional standards to be misguided in his case. Mike really doesnt consider his bets to be gambling because he spends a lot of time studying sports facts. He believes that he is simply making educated decisions based on facts. He argues that using sports facts to place bets is no different than using accounting information to buy stock. REQUIRED: Use the fraud triangle as a basis to comment on Mike Spears gambling activities.