Which of the following statements is correct with respect to the elements of the "fraud triangle"?
A)Motive is a cause that pressures people into action.
B)Opportunity refers to a situation that allows someone with motive to carry out fraud.
C)A lack of integrity describes a person who does not stick to the social or organizational ethical code.
D)Fraud is most common when these three factors exist together.
E)All of these statements are correct.

Question

Quizplus · Accepted Answer

All of the statements are correct with respect to the elements of the "fraud triangle". Motive is a cause that pressures people into action, opportunity refers to a situation that allows someone with motive to carry out fraud, and a lack of integrity describes a person who does not stick to the social or organizational ethical code. Fraud is most common when these three factors exist together.

Which of the Following Statements Is Correct with Respect to the Elements