Question: There are three elements present for every fraud that is committed: Opportunity (a favorable situation), Motivation (the need for something), and Rationalization (justifying the act

There are three elements present for every fraud that is committed: Opportunity (a favorable situation), Motivation (the need for something), and Rationalization (justifying the act at some level)

1. Give an example for each of these elements when fraud regarding cash has been committed. For example, what could be an example of opportunity, motivation, and rationalization in a fraud that involved cash.

2. How would the internal controls be used to counteract or diminish the recurrence of the fraud?

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