The most important element of the fraud triangle is
A) financial pressure.
B) incompatible duties.
C) opportunity.
D) rationalization.

Question

Quizplus · Accepted Answer

While all three elements (financial pressure, opportunity, and rationalization) are important in the fraud triangle, opportunity is considered the most crucial element. Without opportunity, fraud cannot be committed. This is because for fraud to occur, there needs to be a situation or circumstance where an individual can take advantage of their position or access to assets to carry out fraudulent activities. The other two elements (financial pressure and rationalization) may contribute to the motivation or justification for committing fraud, but without the opportunity, fraud cannot occur.

The Most Important Element of the Fraud Triangle Is