Bernie S. answered • 04/19/24
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The Fraud Triangle is generally discussed with the topics of financial accounting practices and controls.
The 3 points of the Triangle are:
- Rationalization
- Opportunity
- Pressure or Motivation
The person committing the fraud generally has characteristics of all 3 points for the action to occur.
Rationalization is the thinking that "no one will miss the money" or "I will pay it back".
Opportunity is having access to the money or other assets without effective monitoring or internal controls.
Pressure or Motivation is having internal or external duress making the person act. i.e. someone "made" them do it.
