The Fraud Triangle

What exactly is the fraud triangle and a better question is how does it apply to you? One thing to know about the fraud triangle is that it is designed to help explain why internal fraud occurs. Like most triangles, it has three points that make it what it is. These three components are Opportunity, …

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The Fraud Triangle – 40 years later

In 1973, Donald Cressey published the results of his research on embezzlement in Other People’s Money: A Study in the Social Psychology of Embezzlement.  Mr. Cressey’s hypothesis has become known to many as the “fraud triangle.”  The factors identified 40 years ago as an explanation of why someone would commit embezzlement are still relevant today …

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