The fraud triangle applies to

Question

Quizplus · Accepted Answer

The fraud triangle applies universally to any type of organization or company, both in the United States and internationally. The three elements of the fraud triangle are opportunity, rationalization, and pressure, which can be present in any organization regardless of its location or size. Therefore, option D is the correct answer.

Answer: A or D
 While IFRS (International Financial Reporting Standards) were initially developed for international companies, many US-based companies have begun to adopt these standards as well. Therefore, both options A and D could be considered correct, depending on the extent of IFRS adoption in US companies. However, option D is a safer choice as it incorporates both US and international companies.

The Fraud Triangle Applies to