The three elements of the Fraud Triangle are Pressure, Opportunity, and Rationalization.

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The statement is true. The Fraud Triangle is a widely accepted model that explains the factors that can lead individuals to commit fraud. It consists of three elements: Pressure (such as financial difficulties or personal problems), Opportunity (a situation in which fraud can be committed without being detected), and Rationalization (the justification or excuse that the fraudster uses to convince themselves that their behavior is acceptable).

The Three Elements of the Fraud Triangle Are Pressure, Opportunity