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 the above statements are correct.

Question

Quizplus · Accepted Answer

All of the statements are correct with respect to the elements of the fraud triangle. Motive refers to the reason why someone commits fraud, opportunity is the chance to carry out the fraud, and a lack of integrity describes an individual who is willing to breach ethical codes. Fraud is most likely to occur when all three factors are present.

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